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New capital markets regulations (infographics)

16/ 07/ 2021
  Download this infographic in printable .pdf version >> 1) Capital Markets and Organized Commodities Markets Law 2) Commodities Stock Exchange Law COMES INTO FORCE ON 1 JULY 2021 New Regulatory Requirements & New Opportunities Project Finance & Restructuring credit linked notes (= bonds linked to third party’/borrower’ good standing) green bonds (= designated to finance renewable energy projects, environmentally sustainable transport, farming, climate change adaptation projects, etc.) infrastructure bonds(= designated to finance/refinance transport infrastructure projects, road projects, healthcare, education and other social facilities projects, etc.) Investment opportunities   depository receipts (= opportunities to hold and receive income from shares of foreign entities) stock warrants (= the option to buy the shares or bonds in the future or receive value of such securities) certificates of bank deposit(= bank deposit structures as (freely transferable securities) Derivative securities & instruments (=provide for hedging opportunities and opportunities for trading in organized markets) Examples of derivative instruments: Option certificates State warrants  Credit default swaps Contracts for difference Commodities trading novelties Commodities exchanges – newly licensed and regulated entities Transparent commodities market – obligations to publish market quotations and prices Commodity derivatives – organized trading rules and opportunities of new derivative instruments Bondholders & Investors Protection Qualified & Unqualified investors – different levels of consumer protection and rules of investment advice Bondholders’ meetings – new rules on holding bondholders’ meetings Notes Administrator functions – newly introduced role designated to act on behalf and in the interests of noteholders Liquidation netting introduced by law to enhance settlement/close-out transactions Updated transparency and information disclosure standards For further information, please contact Asters’ Partner Roman Stepanenko and Counsel Kateryna Oliynyk.

Download this infographic in printable .pdf version >>

1) Capital Markets and Organized Commodities Markets Law

2) Commodities Stock Exchange Law

COMES INTO FORCE ON 1 JULY 2021

New Regulatory Requirements & New Opportunities

Project Finance & Restructuring

  • credit linked notes (= bonds linked to third party’/borrower’ good standing)
  • green bonds (= designated to finance renewable energy projects, environmentally sustainable transport, farming, climate change adaptation projects, etc.)
  • infrastructure bonds(= designated to finance/refinance transport infrastructure projects, road projects, healthcare, education and other social facilities projects, etc.)

Investment opportunities  

  • depository receipts (= opportunities to hold and receive income from shares of foreign entities)
  • stock warrants (= the option to buy the shares or bonds in the future or receive value of such securities)
  • certificates of bank deposit(= bank deposit structures as (freely transferable securities)

Derivative securities & instruments

(=provide for hedging opportunities and opportunities for trading in organized markets)

Examples of derivative instruments:

  • Option certificates
  • State warrants 
  • Credit default swaps
  • Contracts for difference

Commodities trading novelties

  • Commodities exchanges – newly licensed and regulated entities
  • Transparent commodities market – obligations to publish market quotations and prices
  • Commodity derivativesorganized trading rules and opportunities of new derivative instruments

Bondholders & Investors Protection

  • Qualified & Unqualified investors – different levels of consumer protection and rules of investment advice
  • Bondholders’ meetings – new rules on holding bondholders’ meetings
  • Notes Administrator functions – newly introduced role designated to act on behalf and in the interests of noteholders
  • Liquidation netting introduced by law to enhance settlement/close-out transactions
  • Updated transparency and information disclosure standards

For further information, please contact Asters’ Partner Roman Stepanenko and Counsel Kateryna Oliynyk.

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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