Reference:
Kologoyda A.V..
Securities issuance legal relationships
on Ukraine’s government securities market
// Financial Law and Management. – 2014. – ¹ 2.
– P. 12-25.
Read the article
Abstract: Securities issuance stock relationships that occur between the state, represented by competent
public entities that issue securities, and the investors in the process of emission, placement,
accounting and redemption of securities, constitute the subject of this study. The system of legal
norms that regulate the stated relations, is called securities issuing Law. The author examines the
legal regime of issued government securities: internal and external loan bonds, target government
bonds, financial treasury bills and treasury obligations of Ukraine, which are the object of issuance relations. The methodological basis of this work is formed with general science (dialectic, analogy,
analysis, synthesis) and specific science methods of research (comparative Law, linguistic, historical
and legal, formal and logical, systemic and structural, etc. Based on the research conducted, the
author draws the following conclusions. Government securities issuing legal relations are financial
relations, and securities issuing law that regulates those relations is a sub-branch of financial Law.
Financial bills do not share their legal nature with IOUs and are a separate form of debt securities.
The novelty of this research is in the comprehensive analysis of the legal base of securities issuing
relationships on Ukraine’s government securities market, taking into account the existing research
in this field, as well as recent changes in relevant Law.
Keywords: government securities, financial bill, stock market, securities issuance, issuance relationships, government bonds, treasury bonds, backbone factors, funds, Central bank
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