OREANDA-NEWS. As previously reported, following a decision No. 115 of the National Bank Management Board dated April 29, 2016 the Rules of state registration of corporate bonds issue (bond program), consideration of reports on corporate bonds placement and redemption results and bond issue cancellation (hereinafter – Rules) were approved and put in effect on July 19, 2016.

The Rules define the conditions and procedure for the state registration of corporate bonds issue (bond program), consideration of reports on corporate bonds placement and redemption results and bond issue cancellation.

Among the major amendments to the Rules there are a new procedure and conditions for the state registration of a bond issue with a maturity of up to 12 months according to which:

- an issue undergoes a state registration only provided that the previously  issued securities of an issuer are listed on the exchange;

- entities applying for the state registration shall provide the authorized body  with a request for the state registration and assignment of a national  identification number to a bond issue and an Exchange statement confirming  the issuer and bonds issued qualify to be included and remain on the  exchange official list.