The Ukraine National Commission on Securities and Stock Market approved amendments to the procedure for submitting financial statements, moving to a single mandatory electronic format and abolishing the requirement to file in Extensible Markup Language (XML). The changes take effect from 1 November 2025. Under the decision, financial statements prepared under international standards must be submitted exclusively in eXtensible Business Reporting Language (XBRL) through the Financial Reporting Collection Center. The final text reflects comments received during a prior public discussion and was developed through the Commission’s Committee on Financial Monitoring and Control of Financial Statements, with support cited from the Ukrainian Association of Investment Business, the Public Audit Oversight Body, the Audit Chamber of Ukraine, the Financial and Investment Management Association, the Ukrainian Energy Exchange, the Ukrainian Trading Platform and other capital market participants.

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