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With effect from 10 August 2017, Ukrainian banks no longer need an individual licence of NBU to buy back their Eurobonds issued under loan participation notes structures.
On 3 August 2017 a new Law of Ukraine “On Constitutional Court of Ukraine” entered into force. The Law establishes fundamental operation principles for the Constitutional Court of Ukraine and regulates constitutional proceedings.
By now, the NBU (i) substantially relaxed or fully removed currency control restrictions introduced during the period from 2013 to 2015 and (ii) improved its certain regulations, as compared to those in place in 2013.
On 23 May 2017 the Parliament of Ukraine adopted Law No. 2058-VIII, which will become effective on 27 September 2017.
On 11 June 2017 Law of Ukraine “On Electricity Market” No. 2019-VIII, dated 13 April 2017, became effective. The law introduces a legal framework for the operation of a new liberalised electricity market in compliance with the Third Energy Package with the important novelties.