THE ISSUE STOCK LEGAL RELATIONS

Problem setting. A variety of relations arise, exist and cease in the course of the stock market activity. The issue legal relationships are admited as a basic relations in the stock market. They arise concerning such subject matter as securities. The process of the formation the stock market and finding the best model of the stock market’s regulation in Ukraine are contining. This makes relevance the research of the issue relations. Analysis of recent researches and publications. Special attention is paid to problems of the issue of securities in his writings such well-known lawyer as: V. А. Belov, О. P. Vihrov, А. V. Gabov, S. M. Grudnitska, F. S. Karagusov, D. V. Lomakin, D. V. Murzin, A. N. Pereverzev, І. V. Redkin, О. Y. Sinenko, N. G. Udaltsova and others. Target of research. The purpose of this paper is to study of the stock issue relations arising in the process of organizing and implementing emission, allocation and registration of securities have issued by the stock market participants, protection of rights and interests of investors, government regulation and self-of issue relations in the stock market. Article’s main body. The concept of the emission relations and the emission law are defined in the article. The system of rules governing the emission stock relations is studied. To indicate the aggregate of norms, governing the emission stock relations, the author proposes the implementation in scientific use of the term ?the issuing stock law?. Issuing stock economic relations are the subject of the issuing stock law ? the aggregate of legal rules governing the issue, offering and accounting issued of issued securities, registration of securities, the prospectus of the issue, report on the results, immobilization and dematerialization of securities, control release, placement and reporting of securities. The concept of the term ?emission?, ?issue?, ?placement? of securities are differentiated by the subject and meaningful criteria. On the basis of research the author has identified three main theories qualified nature of the actions to provide the status of the object of law for securities: 1) bilateral eligible (contract); 2) onesided eligible (the theory of unilateral promises of the issuer); 3) the issuing theory. Conclusions and prospects for the development. In this paper the author has conducted an obligations and legal nature of the emission stock relationships. Contracts concluded during the placement of securities is accession agreements with compensation, bilateral in nature. The subject of the contract is the obligation of the issuer to transfer and the purchaser to accept property right to the newly created thing ? the emission securities paper and pay itthat allows scientists to support the position that qualify investigated contract as a contract of sale.