Ukrainian organizers of securities trading will be required to obtain additional licenses if the functions of the commodities, money tools and derivatives market are consolidated.

The requirement is stipulated in the draft law on amending some Ukrainian laws regarding the regulation of the derivatives market, a copy of which has been sent to Interfax-Ukraine.

The amendments say that organization of trading on the markets, apart from trading with securities (the regulated securities market) will also include trading with commodities (the regulated commodities market), money market tools (the regulated money market) and derivatives (the regulated derivatives market). Legal entities will be able to obtain status as an operator of the regulated market after receiving a license for organization of trading on the regulated markets.

"If organizers of trading with securities want to be not a simple exchange, but the regulated market, according to the draft law, they are to receive new licenses as regulated markets," Head of the National Commission for Securities and the Stock Market Tymur Khromayev told Interfax-Ukraine.

According to the document, the regulated market will start functioning after the registration of the rules of the market functioning by the commission.

Khromayev said that the draft law has been drawn up. It is being discussed and agreed with all interested agencies.

"We hope that it will be submitted to the Verkhovna Rada by the end of November," he said.