Securities Market Works in New Way

From now on, the law "On the Securities Market" works. The document was signed by the President.

Now, dealers and brokers will receive a single license on investment activity. A license may be issued for the provision of a full range of services, and (optional entrepreneurs) for the provision of basic or auxiliary services.

The main services include the reception and execution of orders, portfolio management of individual investors, placement of securities, holding at their own risk and on their finances operations with securities, provide investment advice and underwriting.

Support services include providing investment loans for transactions on securities market, customer account management, investment and financial research at the Central Bank, the service manager of security for secured bonds, as well as currency exchange in connection with the main investment services.

By law, the investment company will receive a perpetual license to operate (until now limited to their term of five years).

All licensed dealers and brokers until January 1 next year should bring their activities into compliance with the new law.

The State Committee for Securities registered 12 licensed brokers, 13 - dealers, and 2 license holders on the register of security holders. --17D-