The Government and the National Bank presented their projects of the financial market development to the Head of the State. It is also planned to extend the preferential tax policy for transactions with corporate bonds. The third document concerns the securities market. The government proposes to create a legal framework for the issuance of shares with foreign depository receipts. On behalf of the President, the developers of the documents have been invited. During the discussion Alexander Lukashenko put a number of questions.
After discussion they decided that the regulation of insurance and securities markets will be controlled by the Ministry of Finance. The National Bank will provide additional control. The proposed steps will allow businesses to attract additional resources for development.
