THE PLACE OF THE NATIONAL SECURITIES AND STOCK MARKET COMMISSION IN THE SYSTEM OF BODIES PROVIDING ADMINISTRATIVE SERVICES

Keywords: stock market, state regulation of stock market, administrative services, National Commission for Securities and Stock Market, securities

Abstract

Any modern state cannot exist without the proper and effective performance of the functions assigned to it by society. States try to regulate the most important spheres of public life in the course of their activities, especially those on which their existence and effective functioning depend. One of these spheres is the economic sphere, within which states conduct their own economic policy.

The research is devoted to the characteristics of the National Securities and Stock Market Commission in Ukraine. It reveals the peculiarities of the legal status of this authority through the prism of relations due to the provision of administrative services on the stock market. Based on the research of international experience of stock market state regulation, the author points out that a mixed model of state regulation has been introduced and is functioning in Ukraine. The main functions concerning the regulation of relations arising in the securities market are assigned to specially authorized authorities in this area, and self-regulatory organizations perform certain functions. Also, in the research process, the author concluded that the National Securities and Stock Market Commission is the main body of state regulation of stock market relations. Its competence includes target, organization-structural and competence blocks of powers. The target block of powers reveals the purpose of the functioning of the NCSSM and the vectors of its activity. Organization-structural block reveals the organizational potential of the NCSSM aimed at creating of stock market structure and its effective functioning within current legislation. Finally, the competent block of powers of the NCSSM includes powers that directly relate to specifics of circulation of certain securities and specifics of their accounting and activities of the NCSSM itself.

Published
2022-03-30
How to Cite
Шевченко, О. В. (2022). THE PLACE OF THE NATIONAL SECURITIES AND STOCK MARKET COMMISSION IN THE SYSTEM OF BODIES PROVIDING ADMINISTRATIVE SERVICES. Scientific Notes of Lviv University of Business and Law, 32, 249-257. Retrieved from https://nzlubp.org.ua/index.php/journal/article/view/569