The Supreme Council expressed its support in the 1st reading of a bill on the establishment of three funds of bank management

24.09.2011 13:40
Property News | The Supreme Council expressed its support in the 1st reading of a bill on the establishment of three funds of bank management The Verkhovna Rada endorsed the draft law, which offers up three types of funds of bank management: housing and children's pension. For the bill "On the foundations of the bank management" in the first reading on Friday voted 326 deputies out of 372, registered in the hall. The bill proposes to expand the fund of the bank management through the creation of a new type of housing stock funds of bank management as a way of saving its members for housing or investment housing members of the fund.

It is proposed to amend several existing laws of Ukraine, in particular, to improve the system of private funded pension provision in the part of the introduction of such financial instruments and mechanisms, such as funds of bank management, who have years of positive experience in the field of supplementary pensions.

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It is proposed that in the normal position in the organization of trust fund management, banking management, which aim to strengthen the protection of participants, more precise regulation of the rights and duties of such contractual relationships. It is also proposed to strengthen measures for the protection of participants in the funds of bank management from depreciation, losses and other risks.

In addition, the bill proposed to expand the capabilities of the mechanisms ¸ fundraising businesses and individuals in the funds of bank management, their accumulation and preservation of trust management of these funds followed the direction of such funds for housing construction.

In addition, the bill specifies that the pension funds of bank management are to retirement benefits, children's funds - in order to target payments to beneficiaries, ie children, housing funds - to target payments for housing.

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Content tags: Legislation Housing
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