Ukraine’s National Securities and Stock Market Commission published a weekly review highlighting Parliament’s approval at first reading of an investment funds bill, alongside work on corporate governance and market infrastructure. The bill would modernize collective investment and introduce European standards for venture capital funds, real estate funds and funds for long term investment.

Corporate governance work includes implementing the European directive on multiple voting share structures, which would allow founders to raise capital while retaining strategic control. An updated National Corporate Governance Code is also being prepared. Separately, online testing through the Commission’s integrated information system has been extended to licensing procedures, so key specialists will not need repeat approval after a licence is granted.

On infrastructure, the review reiterated support for combining market infrastructure and exchanges under a holding company with a strategic foreign investor. The proposal would reserve 25% plus one share for the state, alongside previously outlined safeguards covering equal access and state consent over tariff changes. Discussions with the Warsaw Stock Exchange examined infrastructure design, modernization of trading systems and ways to encourage individuals to invest for the long term.

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