With the entry into force of the law of Ukraine “About the cleansing power”, special attention is paid to the process of lustration in the financial regulators. If changes in most regulatory Finance bodies are the Cabinet, the future of the National Commission on securities and stock market (NKTSBFR) can be affected only by the President. That is, the government has no right to lustrated officials of the Commission because of its special status, so the management NSSMC remains the same.
At the end of zero when the country succeeded each other in different government, the securities Commission was influenced by the the current “the fugitive” Andrey Portnov, while still close to Yulia Tymoshenko. But over time, he apparently found a more interesting field of work, and secret surveillance over the stock controller has become the go to places to Rinat Akhmetov.
For the position of head of the national Commission claimed Igor Prasolov , the former head of the SCM. However, the regulator was headed by Dmitry Tevelev, who previously worked as a top Manager at DTEK. The relationship specifically to the stock market he had not, but was well versed in the reorganization of joint-stock companies, which was vital in the era of the new “redistribution”. According to participants of the stock market, Tevelev quickly delve into all the details of the regulator and
really became well-versed in the problems of the stock market, trying to somehow revive him. But given the investment climate and “characteristics of the judicial system” during the reign of Viktor Yanukovych, any legislative initiative in this area had no real development.
In addition to the three “old-timers” – Alexey Tarasenko, Oleksiy Petrashko and Oleg Mozgovoy, in 2011 the regulator has got three new members of the Commission. They were Eugene Nikolaev, Konstantin Krivenko and Anatoly Amelin.
Evgeny Nikolaev – the son of one of the main lawyers Akhmetov, the Deputy of the Verkhovna Rada of last convocation Yury Voropayev. Prior to joining the securities Commission, he worked in SBU, having a law degree. Gain experience in the control and the legal Department of the securities Commission by the decree of President Viktor Yanukovych, he was appointed member of the Commission. His areas of responsibility included oversight of the stock market.
Anatoliy Amelin was the most experienced technician who came to the regulator. He had a reputation as a “financier Akhmetov” and deep enough knew the market. The basis for the claim of other participants in the market to him was, and is still the relationship with the company “Altana Capital”, which, according to observers, “was allowed more rest.”
“For example, in 2012 the “Altana” influence on exchange rate associated with SCM companies directly to buy out minority stakes at the lowest price. The regulator had allowed “the Arbour” to do it not in the interests of minority shareholders”, – said Forbes rondovic on condition of anonymity. Amelin himself repeatedly claimed that he was the company sold. However, as the market and the sources Forbes NSSMC still claim that Amelin continues to lobby for the interests of friendly businesses. On the eve of delivery of material to comment on the issue Forbes ameline could not.
But the most controversial appointee was Konstantin Krivenko. Worked in a number of failed banks – namely, the “national standard”, “Vladimir” and “European” in the controller, he was involved in prudential supervision. It was believed that the securities Commission, the former banker worked without much enthusiasm. In 2012 he was appointed head of “Ukrposhta”.
Instead Krivenko in the securities Commission were appointed Mikhail Nazarchuk. Previously, he was head of the Donetsk stock exchange “inneks”, which is associated with Rinat Akhmetov. Also Nazarchuk was linked to the bogus insurance companies involved in the market is not so much insurance, how much bogus financial transactions. Under lustration, he misses Nazarchuk should be tested.
How effective was this structure? The Director of the Department of analysis, strategy and development of legislation NSSMC Maxim Libanov told Forbes that the achievements of the Commission in the past several years include: corporate reform in 2010-2011, the reform of the Depository system, the transition to electronic document management and prudential supervision.
Participants of the market agree in opinion that the national Commission is not particularly facilitated the work of the industry. The head of Concorde Capital Igor Mazepa could not name a single important decision taken by this member of the regulator. “This composition was one of the most professional, but he was one of the most inactive from the point of view of decision-making. No important question has not been resolved, including that of taxation, the introduction of new tools. The Commission as a basic controller, nothing we, participants of the market, not helped,” says Mazepa.