On Adoption as a Basis of the Draft Law of Ukraine on Credit History Верховна Рада України постановляє: 1. Прийняти за основу проект Закону України про кредитну історію (реєстр. № 9047), поданий народними депутатами України Дубневичем Я.В., Юрчишиним П.М., Кіцем-Богутою Н.Р. та іншими. 2. Комітету Верховної Ради України з питань фінансової політики і банківської діяльності доопрацювати зазначений законопроект з урахуванням зауважень і пропозицій суб’єктів права законодавчої ініціативи та внести його на розгляд Верховної Ради України у другому читанні. Голова Верховної Ради України м. Київ 13 липня 2018 року № 2518-VIII The Verkhovna Rada of Ukraine resolves: 1. To adopt as a basis the draft Law of Ukraine on Credit History (reg. No. 9047), submitted by People’s Deputies of Ukraine Dubnevych Ya.V., Yurchyshyn P.M., Kits-Bohuta N.R. and others. 2. To the Committee of the Verkhovna Rada of Ukraine on Financial Policy and Banking Activity to finalize the specified draft law, taking into account the comments and proposals of the subjects of the right of legislative initiative, and submit it to the Verkhovna Rada of Ukraine for consideration in the second reading. Chairman of the Verkhovna Rada of Ukraine Kyiv July 13, 2018 № 2518-VIII

Dear Colleagues,

Today we will review the Resolution of the Verkhovna Rada of Ukraine on the adoption as a basis of the draft Law of Ukraine on Credit History.

1. **Essence of the Law:** This law aims to regulate relations in the field of formation, storage, and use of credit histories of individuals and legal entities. It defines the rights and obligations of participants in credit relations, and also establishes the procedure for access to credit information. The adoption of this law will contribute to increasing the transparency and efficiency of the credit market in Ukraine.

2. **Structure of the Law:** Currently, we only have a resolution on the adoption of the draft law as a basis. The final structure and provisions of the law will be determined after revision by the Committee of the Verkhovna Rada of Ukraine on Finance, Tax and Customs Policy. It is important to note that the draft law will be revised taking into account the proposals of subjects of the right of legislative initiative and the opinion of the Committee.

3. **Main Provisions:** Since there is currently only a resolution on adoption as a basis, the specific provisions of the law have not yet been determined. However, based on the title and purpose, it can be assumed that the law will regulate:

* The procedure for forming and maintaining credit histories.
* Rights and obligations of creditors and borrowers in the field of credit history.
* The procedure for accessing credit information and its use.
* Mechanisms for protecting the rights of subjects of credit history.

****Since the draft law concerns issues of finance and lending, its adoption may have a significant impact on the economic situation in the country.

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