The Ukraine National Commission on Securities and Stock Market announced that its Committee on Financial and Credit Mechanisms for Construction and Mortgage will meet on 11 November at 16:00 to consider two draft decisions covering Real Estate Transaction Fund (FON) certificates and property management activities used to finance construction and real estate transactions. One draft would approve a regulation setting the procedure for issuing, circulating and registering FON certificates, including prospectus approval, amendments to issuance decisions, reporting on issuance results or certificate redemption, and cancellation of registration with the NSSMC. The second draft would amend the regulation on professional activities in the capital markets for property management activities to add a new paragraph defining operating reserve requirements where a certain CFF is transferred to a new manager by court decision.

Original source View in tracker