Document from CIS Legislation database © 2003-2024 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of May 11, 2017 No. 154

About financing of the commercial organizations under concession of the rights (requirements)

(as amended of the Presidential decree of the Republic of Belarus of 27.04.2023 No. 126)

For the purpose of providing favorable conditions for development in the Republic of Belarus of the financial market, including expansion of sources of financing of the commercial organizations under concession of the rights (requirements) at the expense of the funds raised by bond emission or with the subsequent bond emission, I decide:

1. Approve Regulations on financing of the commercial organizations under concession of the rights (requirements) at the expense of the funds raised by bond emission or with the subsequent bond emission it (is applied).

2. Determine that control of activities of the special financial organizations, specialized depositaries of the allocated assets performs the republican state body performing state regulation of the security market.

2-1. The special financial organizations are sources of forming of credit stories on credit deals on which rights to claim were yielded to the special financial organization in case of securitization.

3. To Council of Ministers of the Republic of Belarus, National Bank till January 1, 2018:

3.1. provide:

reduction of regulatory legal acts in compliance with this Decree;

entering in accordance with the established procedure into the House of Representatives of National assembly of the Republic of Belarus of the bill of the Republic of Belarus providing reduction of the Tax code of the Republic of Belarus, the Bank code of the Republic of Belarus and other laws of the Republic of Belarus in compliance with this Decree;

3.2. take other measures for realization of provisions of this Decree.

4. This Decree becomes effective in the following procedure:

Items 1 and 2 - since July 1, 2018;

other provisions of this Decree - after its official publication.

President of the Republic of Belarus

A. Lukashenko

Approved by the Presidential decree of the Republic of Belarus of May 11, 2017 No. 154

Regulations on financing of the commercial organizations under concession of the rights (requirements) at the expense of the funds raised by bond emission or with the subsequent bond emission

Chapter 1. General provisions

1. This Provision governs the relations arising in the course of financing of the commercial organizations under concession of the rights (requirements) at the expense of the funds raised by issue of bonds by the special financial organizations or with the subsequent issue of bonds by the special financial organizations.

2. In this Provision terms in the values determined by the legislation on securities and on economic societies and also the terms having the following values are used:

the allocated assets – the rights (requirement) for monetary commitments which types are established by the republican state body performing state regulation of the security market (further – the rights (requirements) acquired by the special financial organization at the initiator (initiators) for the agreement (agreements) of concession of the requirement in case of securitization, receipts of the special financial organization for the rights (requirements), the financial assets acquired by the special financial organization for acquisition account by the rights (requirements) and the acquired financial assets, receipts on the acquired financial assets and from alienation of such financial assets, receipt of interest income of placement of temporarily free money which are part of the allocated assets, bank deposits (deposits), interest incomes for use of temporarily free money being on the current (settlement) bank account with the special mode of functioning, the provided ensuring obligation fulfillment on the bonds emitted by the special financial organization (in the presence);

activities of specialized depositary of the allocated assets (further – specialized depositary) – rendering according to the legislation of services in accounting of the allocated assets, the rights to them, and also to their storage proceeding from nature of the allocated assets and requirements of the legislation (further – accounting and storage of the allocated assets);

the debtor – person having monetary commitment before the initiator;

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SoyuzPravoInform LLC.