KIEV, July 15 - The previous wording of the memorandum with the International Monetary Fund demanded that the National Securities and Stock Market Commission's operational autonomy be legislatively sealed along with authority to investigate offences and access to inspections, and also insisted that secrecy in banking be removed, Commission head Timur Khromaev said.

"Some issues were the IMF's demands. There were four of them: the abolition of obligatory registration [Commission acts at the Justice Ministry], or operational autonomy, the right to conduct inspections, authority to investigate, and the repeal of secrecy in banking," he said at a commission meeting on Tuesday devoted to the strategic development and economic analysis of the stock market.