Parliament’s committee to start consideration of ‘bill on banks’ on April 21

The Verkhovna Rada Committee on Finance, Taxation and Customs Policy will start consideration of the Draft Law “On Amending Legislative Acts of Ukraine to Improve Certain Mechanisms of Banking Activity Regulation” at second reading on Tuesday, April 21.

This was announced by first deputy chairman of the Committee Yaroslav Zhelezniak (the Holos Party faction).

"It is already official. On April 21, the meeting of our Committee will be held with the only one issue on the agenda – the bill on banks’," Zhelezniak posted on Facebook.

The lawmaker also published a screenshot of the committee's meeting agenda. It will start at 10:00 and will be held via videoconferencing.

As reported, at a special meeting on March 30, the Parliament of Ukraine adopted at first reading the Draft Law “On Amending Legislative Acts of Ukraine to Improve Certain Mechanisms of Banking Activity Regulation” and shortened the time of preparation for its second reading.

The law, in particular, will make it impossible to overturn the NBU's decision on nationalization / liquidation of banks and to return unfair compensation from the state budget to the previous owners of the banks.

The adoption of this bill is one of the two main IMF’s conditions for provision of assistance to Ukraine. The second condition is the adoption of a law on the land market.

During the preparation of the bill for the second reading, the MPs introduced more than 16,000 amendments to it.

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