id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
issue-2955	Buha, Hanna; Hermanov, Serhii; Ihnatenko, Volodymyr	ECONOMIC AND LEGAL POLICY IN THE FIELD OF SECURITY ON THE MARKET OF NON-BANKING FINANCIAL SERVICES IN UKRAINE	2025	10	.pdf	application/pdf	8147	247	24	In terms of general regulation of the financial services market, it is proposed: 1) modernization and expansion of the terminology used in the legislation on the regulation of financial services markets; 2) establishment of restrictions on the extension of the law provisions on supplying financial services within the framework of national and local budget programs, in order to increase the efficiency of their application and simplifying the regulation of relevant entities; 3) consolidating the principles of providing financial services and protecting the rights of clients (consumers) in order to ensure the functioning of a transparent and competitive market environment; 4) expanding the provisions on the obligation of a financial service provider to ensure complete and comprehensive information about its activities and the entire range of financial services it provides, in an understandable form without attempts to artificially complicate the perception of such information; 5) establishing requirements not only for advertising financial services, but also for any other form of disseminating information about financial services in order to maximize the protection of clients from false and/or manipulative information; 6) strengthening the rules on protecting the clients' rights when concluding a contract, in particular regarding the prohibition of unilateral changes not only of the interest rate, but also of any other payments or the establishment of new payments, the procedure for concluding contracts remotely and/or by means of joining; 7) introducing the concept of financial service secrecy as a simplified analogue of banking secrecy, establishing a regime for its protection and disclosure by financial institutions and regulators; 8) identifying seven types of activities on the financial services market, which are subject to appropriate licensing and regulation; 9) introducing the possibility of a regulatory sandbox – a test environment for innovative companies with a limited scale of operation to ensure protection of their customers; 10) a description of possible ways for financial service providers to raise funds, with a ban on raising them on the mass market in the form of deposits for all institutions, exept banks and credit unions, as well as the introduction of the institution of qualified investors who are able to invest in the activities of financial institutions if they meet the established criteria; 11) establishing provisions on the external audit of financial institutions and the procedure for interaction between the National Bank of Ukraine and audit companies; 12) establishing provisions on outsourcing, as the performance by third parties of functions or individual processes of a financial services provider, with the definition of the procedure for interaction between them, the distribution of responsibilities and the role of the regulator; 13) introduction of the possibility of self- regulatory organizations of market participants; 14) establishment of tasks, principles and methods of state regulation of financial services activities, as well as relevant restrictions 15) The object of this administrative offense is public relations in the field of financial services markets.	cache/issue-2955.pdf	txt/issue-2955.txt