According to the Law of Ukraine “On Securities Market State Regulation in Ukraine” the Securities and Stock Market State Commission carries out forming and insures provisions of the single state policy concerning development and functioning of securities and derivatives market in Ukraine, and also co-ordination of State Authorities activities in the sphere mentioned above. The main objectives of the Securities and Stock Market State Commission shall be: 1. to formulate and ensure implementation of a unified state policy for development and operation of the securities and derivatives market in Ukraine, and encourage adaptation of the domestic securities market to international standards; 2. to coordinate state bodies’ activities with regard to the securities market and derivatives market in Ukraine; 3. to execute state regulation of issuance and circulation of securities and their derivatives in Ukraine as well as compliance with legislation in this sphere; 4. to advocate investors’ rights by implementing measures to prevent and eliminate infringements of legislation in the securities market, and to impose sanctions for violations of legislation within its jurisdiction; 5. to foster development of the securities market; 6. to generalize application of Ukrainian legislation to the issuance and circulation of securities in Ukraine, and to draft proposals on amendments to it.