A legal entity that intends to engage in professional activities in the stock market and whose founder is a foreign legal entity shall submit to the National Commission for Securities and the Stock Market, in addition to the documents specified in part two of this Article, for obtaining a license for the conduct of a corresponding type of such activity:
- a copy of the decision of the authorized body (person) of the management of a foreign legal entity on participation in a professional participant in the stock market in Ukraine;
- written permission for the participation of a foreign legal entity in a professional participant in the stock market in Ukraine issued by the authorized controlling authority of the state in which the head office of a foreign legal entity is registered if the legislation of such a state is required to obtain the said permit or written assurances of a foreign legal entity in the absence of the relevant law the state requirements for obtaining such a permit;
- an extract from a commercial, bank, judicial record or other official document confirming the registration of a foreign legal entity in the state where its head office is registered;
- a copy of the auditor’s report of the auditor of a foreign state on the financial condition of the foreign legal entity at the end of the last full calendar year.
A legal entity that intends to engage in professional activities in the stock market and whose founder is a natural person, a foreigner, in order to obtain a license for the conduct of the corresponding type of such activity, in addition to the documents specified in part two of this Article, shall submit to the Commission written permission for the participation of an individual – An alien is a professional member of the stock market in Ukraine, issued by the authorized controlling authority of the State in which he has a permanent residence, if the legislation of such a state is required to receive the enoho permit or written assurance of the absence of legislation the State requirements for obtaining a permit.
Documents submitted by a foreign legal entity and a natural person – a foreigner in accordance with parts three and four of this article shall be notarized at the place of issue and legalized in accordance with the established procedure, unless otherwise provided by international treaties, the consent to be bound by which is provided by the Verkhovna Rada Of Ukraine. At the same time, documents drawn up in a foreign language must be accompanied by a notarized translation into the Ukrainian language.
The National Securities and Stock Market Commission, in the manner established by it, issues a license to conduct a certain type of professional activity in the stock market or refuses to issue it within three months from the date of receipt of documents.
For the verification of information about foreign legal entities or individuals – foreigners included in the ownership structure of a legal entity that intends to carry out professional activities in the stock market, the period for reviewing documents is six months.
The license is issued after the submission by the legal entity of a copy of the payment document for the payment of the license fee.
The term of the license to conduct a certain type of professional activity in the stock market is unlimited.