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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.

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