Certainly, here is a translation of the provided description of the act’s provisions:
1. **Essence of the Law:** This act amends the Procedure for Issuance, Suspension, and Revocation of a License for Conducting Professional Activities in Organized Commodity Markets. The main goal of the changes is to bring regulatory legal acts into compliance with the Law of Ukraine “On Administrative Procedure” and to clarify terminology, in particular, replacing the term “revocation of a license” with “termination of a license.”
2. **Structure and Main Provisions:**
* The title and preamble of the decision have been brought into compliance with current legislation.
* Changes have been made to the terminology, replacing the concept of “revocation of a license” with “termination of a license.”
* The procedures for suspension and termination of licenses, as well as the procedure for appealing them, have been clarified.
* Changes have been made to the procedure for submitting documents to the NSSMC, providing for the use of an electronic user account.
* The appendix to the Procedure – the application form for termination of a license – has been updated.
3. **Key points for implementation:**
* It is important to pay attention to the change in terminology: instead of “revocation of a license,” the term “termination of a license” is now used.
* It is necessary to use the electronic user account to submit documents to the NSSMC.
* New grounds and procedures for suspension and termination of licenses, as well as the procedure for appealing them in court, should be taken into account.
* The act concerns capital markets.
