C A C U A TO R S
On Amendments to the Law of Ukraine "On Securities"
and the stock market " about disclosure
in the stock market
(Information of the Verkhovna Rada of Ukraine (VR), 2011, N 43, pp. 447)

Verkhovna Rada of Ukraine Oh, I am. :
1. To bring to the Law of Ukraine " On Securities and Stock
market " ( 3480-15 ) (Information of the Verkhovna Rada of Ukraine, 2006)
N 31, st. 268; 2008, N 50-51, pp. 384; 2009, N 17, pp. 236,
N 49, st. 733; 2010, N 38, pp. 505; 2011, N 10, pp. (65)
changes:
(1) a paragraph of the twelfth article 1 of the publication in this edition:
" Prospekt of the securities emission document, which contains
information about the placement of securities and other information,
predicted by this and other laws defining features.
Placing certain types of securities ";
(2) Paragraph of the first part of the fourth article 17 replace two
paragraphs such as:
" 4. Underwriting-placing securities in the trade
the securities on behalf of the name and the account of the emitten.
Anderreiter may provide advice for the emitten on the
The placement of the securities of this emitten. "
In this regard, the second is the third, respectively.
Third-fourth paragraphs
(3) paragraph sixth and seventh part of the second article 28 after
The words "issue" supplements with the words "and the survey of emission";
(4) In Article 29:
part of the first teaching in such an editorial:
" 1. Emitten delivers the State Securities and Exchange Commission
stock market statement and documents required for registration
the issuance and prospectus of the securities emission, not later as during
60 days after deciding on the placement of securities
the emitant authority authorized to make a decision ";
after part of the first complement to a new part of this content:
" 2. State Securities and Stock Market Commission:
1) after entering the statements and documents required for
registration of the issuance and prospectus of the Securities Emission, performs
Simultaneously registering the issuance and prospectus of the securities emission
or refuse to register for:
10 working days-when there is a registered base
The prospectus of the emission and meats of securities in
The Exchange Register of the Trade Organizer;
20 working days-when there is a registered base
The prospectus of the emission and absence of securities of the emitant in
The Exchange Register of the Trade Organizer;
25 working days-in the case of the absence of a registered base
The prospectus of the emission;
2) returns in the predicted paragraph 1 of this part of the line
documents emitten without consideration in the case of their submission not in full
the scope or violation of established by the State Securities Commission
the stock market and the stock market requirements for their design. "
Due to this part two and third are considered respectively
Third and fourth;
complementing part of the fifth of this content:
" 5. The basis for the failure registration and the prospectus
The emission of securities is the disparity of the submitted requirements documents
the legislation, the infidelity of information in submitted documents
/or violation of the adoption by the law of order
Decision on the placement of securities.
In case of untrusted information in a registered
Basic securities emission survey of the State Securities Commission
the stock and stock market sends the emitent to the
the need to eliminate such discrepancy, registration and
The publication of the relevant changes to the specified avenue ";
5) in Article 30:
In part one of the first word "open (public)" to exclude;
Part of the third set in this edition:
" 3. Information on securities belongs to:
(1) the securities of which the placement decision is in
Including:
view, release form and existence, type (for stock), number of
And the nominal value;
The scope of the rights of the securities;
the conditions of placement, circulation (including the redemption and actions of the emitten,
-related securities) and repayments (for
Securities having lines of circulation);
(2) The date of the decision on the placement of securities;
3) rows of the beginning and end of the placement of securities;
4) the order and form of payment of income by securities ";
in part four and paragraph of the second part of the fifth word
"open (public)" to exclude;
Part of this is the ninth teaching in this edition:
" 7. After registration of the prospectus of the securities emitent
not less than 10 days before the beginning of the open (public)
Securities:
published the avenue in the official printed edition of the State
the Securities and Stock Market Commission in the established
Volume
hosts a prospectus in a publicly accessible information base
of the State Commission on Securities and Stock Market on
the securities market in its entirety.
In line set by the State Securities and Exchange Commission
stock market, emitent:
in the case of an open (public) placement of securities
hosts a registered avenue of securities on its own
the website and website of the trade organizer, through which
are scheduled to be held by the securities
Issues;
in the case of a closed (private) posting of securities not
Promulgates the registered securities of securities, and provides
its individuals who are participants of such accommodation according to
the corresponding decision of the emitant.
8. Changes to the prospect of securities emission are subject to
Registration of the State Commission on Securities and Stock
in the order that is set.
In case of information change contained in the emission survey
securities, emitten for 20 working days from the day of
such changes are required by the State Commission on
securities and the stock market order to apply for the changes
for registration.
In case of amending changes to the securities emission prospectus, on the
It is decided that:
open (public) placement-emitent makes them
registration and published relevant information for 30 days from
of the day of publication of the inspection of the Emission, but not later as 10 days before
Start placement
closed (private) placement-emitent makes them
login to the beginning of the placement and delivers to individuals who are
to the decision of the closed (private) placement of securities is
This is the location.
If committed by paragraphs second-fifth
of this part, the specified string is not possible, before the changes are also
include information about the transfer of the securities
Papers.
A basis for failure to register changes to an emission prospectus
Securities are not consistent with the prescribed documents
the legislation, the infidelity of information in submitted documents
/or violation of the adoption by the law of order
the decision to make such changes.
Emitten has no right to:
make changes to the emission prospectus after starting the placement
Securities;
Placing securities prior to registering changes to
Amission of securities, and in case of open (public)
In addition to the publication of relevant information.
Make changes to the securities emission prospectorate after their
placement is allowed in the case envisioned part of the seventh
Article 8 of this Act. Information about such changes to the avenue
Securities emission has to be published within 15 days of the day
to register these changes.
9. The emitent shall have the right to form a prospectus of the securities emission prospectus
(other than rations), which are open to open (public),
two parts (basic emission prospectus and valuable data emission prospectus)
of the relevant issue), which are subject to the registration of the State
Securities and Stock Market Commission in established
Okay.
Basic prospectus of emission-a composite of an emission prospectus
Securities (other than rations)
(public) posted that contains information about the emitten, and
Other information is also defined by the emitant. Assigned to Base
Survey information is not yet included in an emission prospectus
the securities of the respective release.
Emitten delivers the State Commission on Securities and Stock Exchange
market statement and documents required for registration:
Basic Prospectus of Securities and First Prospectus
The issuance of securities of the relevant issue is not later
60 days from the day of the decision to approve the basic
The prospectus of the emission and first avenue of securities emission
the relevant issuance of the emitent organ authorised by the
The relevant decision;
the next prospectus of the securities emission of the relevant
release-not later as within 60 days of the decision-making
concerning the placement of securities such as the issuer of the issuer;
Authorized to make a decision.
Basic Prospectus of Securities and First Prospectus
The issuance of securities of the relevant issue is filed for
to register at once ";
6) in Article 32:
part of the first teaching in such an editorial:
" 1. Closed (private) placement of securities is carried out
Independently or via the anderreiter, which is made with the emitent
The underwriting agreement. Private (Private)
shares are determined by the law that regulates the matter
the formation, activities and termination of shareholders, and
legislation on the institutions of joint investment.
The underwriting agreement must meet the default requirements.
The treaty approved by the State Securities and
stock market ";
part of the second complement paragraph by another such content:
" Every investor in securities has to pay valuable assets.
of the paper in full prior to approval of the results of placement
the appropriate issuance of securities ";
To complement part of the sixth such content:
" 6. Number of posted by closed (private)
securities cannot exceed the number of valuable securities
the papers defined in the prospectus of their emission, but may be smaller,
than the number of securities defined in the prospectus of their emission ";
(7) Part of third article 33 to complement the paragraph by another such
content:
" Every investor in securities has to pay valuable assets.
of the paper in full prior to approval of the results of placement
the appropriate issuance of securities ";
(8) Article 34 of the Board of Editors:
" Article 34. Placing securities through the anderreiter
1. Requirements for transactions carried out by the anderrider during the
securities established by the State Commission on
Securities and Stock Market ";
(9) In Article 35:
in the paragraph of the first part of the first word " open
(public) to exclude;
in part the third word "open (public)" to exclude,
after the words "with the placement of securities" to complement the words
" in particular the violation of the established order of decision
approval of the results of the placement, and recognition of the emission of valuable
Unscrupulous papers, and non-compliance with the
"Document requirements";
in parts of the fourth and fifth words "open (public)"
exclude;
Part of the sixth to exclude;
(10) In Article 39:
in the name of the word "emitents" to exclude;
part of the first teaching in such an editorial:
" 1. Disclosure of information on the stock market is carried out
Securities emitters by:
placing it in a public information database
State Securities and Stock Market Commission on the Market
Securities;
publish it in one of the official printed publications
Verkhovna Rada of Ukraine, Cabinet of Ministers of Ukraine or the State
Securities and Stock Market Commission;
presenting it to the State Securities and Stock Exchange Commission
market.
Securities Emirates are required to disclose information
according to the requirements, in volume and rows set by this Act
and regulations of the State Securities Commission
and the stock market.
Additional requirements for disclosure of valuable information emitters
on the Stock Exchange,
are set by the State Securities and Stock Exchange Commission
Market ";
In part two:
in the paragraph of the first word "big" to replace the word "significant", and
after the words " served by the State Securities and Exchange Commission
the stock market "complemented by the words" and the emitent securities ";
in a paragraph to the second word "big" to replace the word "significant", and
The words "State Commission on Securities and Stock Market"-
" in the established State Commission on Securities and
The stock market of the order ";
(11) Article 40:
in part one word " is served by the State Securities Commission
and the stock market (including electronically) "
replace the words " disclosed in the stock market, including
by submission to the State Securities and Stock Exchange Commission
Market ";
The fourth part of the second article is as follows:
" for securities emitters (except stock)-from the day of registration
issued by the Securities until December 31, the reporting year included ";
in part three:
after the paragraph of the seventh complement the new paragraph of this content:
" lists the owners of significant packages (10 percent and more)
shares with a number, type and/or class of
Shares ".
In this regard, the eighth paragraph should be considered a paragraph by the ninth paragraph;
in the paragraph 9 of the word "submit" to replace the word
"open";
Part of the fourth edition:
" 4. Annual information about the emitten is open and in volume,
established by the State Securities and Stock Exchange Commission
market, subject to the publication of the emitent no later than 30 April,
the following report, by:
placing in a public information database
State Securities and Stock Market Commission on the Market
Securities;
published in one of the official printed publications
Verkhovna Rada of Ukraine, Cabinet of Ministers of Ukraine or the State
Securities and Stock Market Commission;
hosting on their own website ";
in the paragraph of the ninth part of the fifth word "submit" to replace
"uncover";
the first sentence of the paragraph of the first part of the sixth set in such a
& Revision:
" 6. Lines, Order, and Forms of Disclosure of Regular Information
about the emitten (annual and quarterly) and additional information that
contained in such information is set by the State Commission on
Securities and Stock Market ";
(12) In Article 41:
in part one:
A paragraph of the first and second paragraph to replace one paragraph of the following:
" 1. Special information about the emitant-information to which
"Information about".
In this regard, the third is the twelfth count
Paragraph 2, paragraph 2, paragraph 2, paragraph 2;
the paragraph of the third after the word "share", with the words " other than
shares of corporate investment funds in the interval and
of an open type ";
parts of a second and third teaching in such an editorial:
" 2. Lines, Order and Forms of the Disclosure of Special Information
about emitant and additional information contained in such a
Information provided by the State Securities and Exchange Commission
stock market.
3. Special information on the emitten is open and in volume,
established by the State Securities and Stock Exchange Commission
The market is subject to the publication of the emitent by:
placing in a public information database
State Securities and Stock Market Commission on the Market
Securities;
published in one of the official printed publications
Verkhovna Rada of Ukraine, Cabinet of Ministers of Ukraine or the State
Securities and Stock Market Commission;
place on their own website. "
2. This Act takes effect six months from the day of its
publish.

President of Ukraine V. YASUKOVIC
Um ... Kiev, 21 April 2011
N 3264-VI