The Ukraine National Commission on Securities and Stock Market adopted a package of rulemaking, supervisory and licensing decisions affecting real estate transaction funds, ownership structure and significant participation approvals, market infrastructure activities, and selected technical and enforcement-related processes. On rulemaking, it approved a regulation on issuing and circulating certificates of a real estate transaction fund and a regulation on ownership structure of legal entities, including the procedure and conditions for obtaining the Commission’s approval of significant participation in professional participants in capital markets and organised commodity markets. It also approved several draft decisions, including amendments for property management activities used to finance construction objects and/or real estate transactions, a new regulation on self-regulatory organisations alongside changes to licensing conditions, amendments addressing the combination of professional activities where clearing institutions acting as central counterparties conduct depository institution activities, a procedure for determining the risk of failure of a professional participant as a systemic participant, and a regulation on fixing and considering offences by the Commission; amendments to requirements for synchronising date and time fixation systems were approved. Supervisory actions included changes to the list of assets subject to an “asset blocking” sanction, including client/depositor funds of FREEDOM FINANCE UKRAINE LLC, confirmation that FC FINBUD LLC meets the criteria in Cabinet of Ministers Resolution No. 76 of 27 January 2023, and a prohibition on changes to the depository accounting system and on executing securities transactions, alongside amendments to the Commission’s 5 April 2024 Decisions No. 405 and No. 406. On registration and licensing, it registered issue-result reports for a public offering of series B corporate bonds by FC SUPAY CHAIN FINANCE LLC, a share placement (exchange) by TRADING EVO PJSC, and a series A corporate bond issue by BTA BANK JSC, refused registration of share issues for DIPROBUDMASHINA PJSC, SHOP KYYANKA PJSC and ZHYTOMYR FURNITURE PLANT PJSC, approved the draft charter and share issue registration for ZNVCIF EVOLUTION INVEST JSC and ZNVCIF TANGSTEN INVEST JSC to form initial authorised capital, and approved senior appointments at AMC ENERGOBUDLEASING LLC and AMC DOBROBUD-INVEST LLC.

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