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

References:
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References (transliteration):
Red'kin I.V. Mery grazhdansko-pravovoy okhrany prav uchastnikov otnosheniy v sfere rynka tsennykh bumag / I. V. Red'kin. – M.: Finansovyy izdatel'skiy dom «Delovoy ekspress», 1997. 112 s.
Gorbunova O. N., Denisov E. R. Nekotorye voprosy finansovo-pravovogo regulirovaniya deneg i denezhnogo oborota v Rossiyskoy Federatsii / O. N. Gorbunova, E. R. Denisov // Finansovoe pravo. 2007. № 8. S. 2 – 5.
Artemov N. M. Emissionnoe pravo – avangardnaya podotrasl' finansovogo prava / N. M. Artemov // Materialy Mezhdunarodnoy nauchno-prakticheskoy konferentsii «Gosudarstvo i pravo: vyzovy XXI veka» (II Kutafinskie chteniya). M., 2010. S. 2 – 5.
Bel'skiy K. S. Emissionnoe pravo kak institut finansovogo prava / K. S. Bel'skiy // Gosudarstvo i pravo. 2006. №
S. 48 – 55. 5. Tsindeliani I. A. Emissionnye pravootnosheniya v sisteme finansovogo prava Rossii / I. A. Tsindeliani // Rossiyskoe pravosudie. 2012. № 1. S. 99 – 103.
Vinnitskiy D. V. Osnovnye problemy teorii rossiyskogo nalogovogo prava: Diss. … dokt. yurid. nauk: 12.00.14 / D. V. Vinnitskiy. Ural'skaya gosudarstvennaya yuridicheskaya akademiya, 2003. 436 s.
Vasilets V.P. Denezhnoe obrashchenie v Rossii kak ob'ekt pravovogo regulirovaniya. Dis. …kand. yurid. nauk: 12.00.14 / V. P. Vasilets. M., 2002. 274 c.
Freydina Yu. I. Emissionnoe pravo kak podotrasl' v sisteme finansovogo prava / Yu. I. Freydina // Mezhdunarodnyy akademicheskiy zhurnal Rossiyskoy akademii estestvennykh nauk. 2013. № 4. S. 168 – 173.
Kirichenko O.A., Kіm Yu. G. Derzhava na fіnansovomu rinku Ukraїni v umovakh global'noї fіnansovoї krizi / O. A. Kirichenko, Yu. G. Kіm // Aktual'nі problemi derzhavnogo upravlіnnya. 2009. №1. S. 123-136.
Ofitsial'nyy sayt Ministerstva finansov Ukrainy. Elektronnyy resurs. Rezhim dostupa: http://www.minfin.gov.ua.
Moshenskiy S. Z. Evolyutsiya vekselya / S. Z. Moshenskiy. Kiev: "Planeta-Druk", 2005. 446 s.
Dovbenko M. Plyusi і mіnusi fіnansovikh vekselіv / M. Dovbenko // Vіche. 2013. №13. Elektronnyy resurs. Rezhim dostupa: http://www.viche.info/journal/3739/
Tarasenko I. Chto takoe «finansovyy veksel'» i s chem ego edyat / I Tarasenko. Elektronnyy resurs. Rezhim dostupa: http://blog.liga.net/user/tarasenko/article/11370.aspx