Ukraine's National Securities and Stock Market Commission has outlined changes extending online suitability testing to licensing for professional participants in capital markets and organized commodity markets. This builds on online testing already introduced for existing market participants. Under the changes, staff responsible for compliance, risk management and internal audit, as well as those with primary signing authority, will be deemed approved when the license is issued, eliminating the need for separate approval afterward. Assessments during licensing will begin Jan. 1, 2027, following technical configuration of the commission's electronic services.

The revised assessment rules will allow test results to be used for six months from the testing date for an equivalent position or function within the same type of professional activity. Candidates unable to complete testing because of force majeure may retake it if they explain the circumstances and provide supporting documents. The changes also clarify that approval may be refused where a person appointed to the relevant position or function has previously been denied approval by the commission.

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