Draft Law on Holding of the Dematerialized Securities

On May 30, UN Global Compact Network Georgia and the Budget and Finance Committee of the Parliament of Georgia, with support of THE USAID Economic Governance Program, and in partnership with the Ministry of Economy and Sustainable Development of Georgia and the National Bank of Georgia hold a working meeting to discuss the Draft Law on Holding of the Dematerialized Securities under the PPD Platform in the Parliament.

The new legislation will be another step forward in the country’s capital market development. With the passage of the proposed law, the legal framework related to the ownership of securities will be modified, and investors’ property rights will be better protected.

The meeting was held under the USAID Economic Governance Program’s grant activity, “Promote capacity building and enhance the sustainability of the PPD Platform in the Parliament of Georgia,” implemented by the UN Global Compact Network Georgia in partnership with the Parliament of Georgia.