FEATURES OF ADMINISTRATIVE SERVICES IN THE SECURITIES MARKET IN UKRAINE

Keywords: securities, stock market, administrative services, securities circulation, administrative services in the securities market

Abstract

The article is devoted to the study of the peculiarities of administrative services in the stock market of Ukraine. Based on the analysis of both educational and scientific literature, as well as the practice of the stock market, the author concludes that administrative services are the result of the democratic development of the state and are aimed at ensuring the realization of the rights and legitimate interests of citizens of the state. Administrative services in the stock market are, on the one hand, the result of the development of the securities market in the state, and on the other hand, the state’s desire to ensure the proper realization of the citizens’ rights and legitimate interests in relations arising in the process of securities circulation.As a result of the study, the author comes to a well-founded conclusion that administrative services in the securities market are the activities of the powerful entities in the securities market, provided for by the current legislation, which results in an effect that is objectified in implementing the rights and interests of persons who have applied to them and who are participants in relations connected with the securities circulation. The author also reasonably identifies the following features of administrative services in the securities market: a) they are provided by the power entities; b) they are provided for by the current legislation; c) their result is the exercise of the rights and legitimate interests of persons who have applied to authorized entities; d) they are associated with the securities issuance and circulation. At the same time, the author notes that the main difference between administrative services in the stock market is that they are associated with the issuance of securities as a set of a certain type of issue-grade securities of one issuer of the same nominal value, which have the same form of issuance and international identification number and provide their owners with the same rights regardless of the time of their acquisition, and that they are associated with the securities circulation, which should be understood as the conclusion of transactions related to the transfer of rights to securities and rights under securities, except for those transactions, one of the parties of which is the issuer or the person that issued the non-issue-grade security.

Published
2021-12-30
How to Cite
Шевченко, О. В. (2021). FEATURES OF ADMINISTRATIVE SERVICES IN THE SECURITIES MARKET IN UKRAINE. Scientific Notes of Lviv University of Business and Law, 31, 102-110. Retrieved from https://nzlubp.org.ua/index.php/journal/article/view/549