President signed amendments to the Law “On Mortgage Bonds”

Ukrainian President Viktor Yanukovych signed the Law “On Amendments to the Law “On Mortgage Bonds” about the issue and circulation of mortgage bonds.”

The law states that the Service Organization (bank or other financial organization with the functions of Service Organization) can not be connected persons of the Manager and / or the Auditor (audit firm).

In this case the Manager, the Issuer and the Auditor can not be connected persons.

The law comes into force on the day following the day of its publication.