Depository Accounting of Securities in the Ukrainian Stock Market Regulation System
Journal Title: Проблеми економіки - Year 2016, Vol 2016, Issue 1
Abstract
The aim of the article is to study the procedures, technologies, prudential regulation of depository accounting of securities in the system of the Ukrainian stock market infrastructure and identify directions of its improvement. The article analyzes the dynamics of the number of licenses issued by types of professional activity in the stock market. The necessity for further improvement of mechanisms of the updated system of depository accounting of securities in Ukraine has been proved. There have been developed the following recommendations: to improve the unified rules of accounting and regulation support of the system of risk management of depository activity; develop tools for prudential regulation of depository activity and strengthen the control over fulfillment of prudential standards by the Central Depository and depository institutions; create the necessary conditions for the practical implementation of legal norms concerning establishment of clearing institutions and increase in the level of competition between depositaries; expand the correspondent relations of the Central Depository in relation to the establishment of international depositary relations for the liberalization of the international movement of securities; use segregated accounts providing the possibility of storage of client funds separately from the funds of the transfer bank to protect the capital of the issuer and investor from risks of any force majeure situations; mediate the movement of funds at implementing dividend payments through participants of the accounting system: issuer-the Central Depository-depository institution-depositor.
Authors and Affiliations
Hanna Veriha
Keywords
Related Articles
- EP ID EP159370
- DOI -
- Views 92
- Downloads 0
Commercialization of the Intellectual Property in the Process of Transferring Technology to the Real Sector of the Economy
The article aims to study the lines of Ukraine’s economic development in the field of high technology and intellectual property. The work studies the intellectual property market dynamics, determines the strategic refere...
Using Cryptocurrency in the Activities of Ukrainian Small and Medium Enterprises in order to Improve their Investment Attractiveness
The aim of the article is to analyze the main features of cryptocurrency with respect to the identification of main advantages and disadvantages of using cryptocurrency as a method of effecting cashless payments by small...
Participation of non-banking financial organisations in crediting innovation projects
The article describes main results of study of non-banking financial institutions as creditors of innovation projects. Based on the analysis of their investment activity, the article identifies their place and role in fi...
Methodical provisions on assessment of prospects of unconventional gas extraction in Ukraine
The article analyses unconventional gas resources in Ukraine and draws a conclusion that the existing assessments differ and require clarification. The article forms a characteristic of unconventional gas deposits in Ukr...
The Systemic Banking Crisis of 2014-2015 in Ukraine: Causal Relationship
The aim of the article is to study the concept of systemic banking crisis in scientific and practical literature as well as determine the causes and consequences of systemic banking crises on the example of the Ukrainian...