It is registered
in the Ministry of Justice of Ukraine
July 3, 2009.
of June 10, 2009 No. 757
About approval of the Procedure for selection and functioning of primary dealers
(In edition of the Order of the Ministry of Finance of Ukraine of 31.01.2011 No. 47)
According to the resolution of the Cabinet of Ministers of Ukraine of 14.04.2009 N 363 "About implementation of institute of primary dealers in the market of government securities" PRIKAZYVAYU:
1. Approve the Procedure for selection and functioning of primary dealers which is applied.
2. This order becomes effective in ten days after its state registration.
3. To provide to department of public debt (Bashinsky O. M.) provision of this order in accordance with the established procedure on state registration in the Ministry of Justice of Ukraine.
4. To impose control over the implementation of this order on the deputy minister Kravts A. M.
First Deputy Minister I. Umansky
Approved by the Order of the Ministry of Finance of Ukraine of June 10, 2009, No. 757
1. This Procedure establishes the procedure of selection of primary dealers and basis of their functioning.
2. In this Procedure terms are used in such value:
selection of primary dealers - competition which is held by the Ministry of Finance of Ukraine (further - the Ministry of Finance) according to this Procedure by results of which contracts are signed with winners of tender;
assessment of activities of the primary dealer - implementation of the regular analysis of accomplishment by the Ministry of Finance by the primary dealer of the undertaken agreement obligations;
the rating of the primary dealer - the place of the primary dealer in the list which is published by the Ministry of Finance by results of assessment of activities of primary dealers;
the status of the primary dealer - set of the rights and obligations which are acquired by the bank which signed the contract with the Ministry of Finance by results of selection.
3. The cooperation with primary dealers, the organization of selection, estimation of primary dealers, and also meetings with them are performed by Department of public debt of the Ministry of Finance.
4. The Department of public debt declares selection of primary dealers by placement on the official website of the Ministry of Finance of information on its carrying out with indication of the list of the documents necessary for participation in selection, not later than 10 working days before its carrying out.
5. The first selection of primary dealers is made not later than in two-month time from the effective date of this Procedure. If by results of the first selection of primary dealers less than six agreements are signed, selection of primary dealers is made monthly before determination of six primary dealers. After determination of six primary dealers to the conclusion of twelve agreements selection of primary dealers is made quarterly, and to the conclusion of sixteen agreements - times in half a year.
Selection can be also made according to the decision of the Minister of Finance without observance of requirements of paragraph one of this Item to the announcement of such selection at least a month before its carrying out.
6. Competition can be held in case of agreement cancelation with one or several primary dealers, but not later than in month after agreement cancelation.
7. The department of public debt at least once a month holds meetings with representatives of primary dealers for discussion of market situation and the prospects of its development.
1. For participation in selection banks which intend to sign contracts with the Ministry of Finance not later than 2 working days before date of its carrying out submit the application for participation in tender to the Ministry of Finance and provide:
the document confirming the paid authorized capital equivalent to at least 10 million euros;
the copy of the license for implementation of professional activity in the stock market - activities for the securities trading;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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