PARD (Professional Association of Registrars and Depositories) is the only professional association in the depository activities market in Ukraine. The association, which was founded in 1996, represents the interests of 602 members. PARD is one of the oldest and most numerous self-regulatory organizations in Ukrainian stock market. This association includes the Legal Committee, the Depository Committee and the Committee on Protection of Personal Information. In addition, PARD manages "The Financial Monitoring" project, creates rating of professional market participants, provides arbitration and works on development of laws and regulations.