The Ukraine National Commission on Securities and Stock Market published a package of decisions on rulemaking, supervision, and licensing, combining updates to its 2026 regulatory workplan with market oversight and registration actions. On the policy side, it approved changes to the Commission’s system of reference books and classifiers and to its 2026 rulemaking plan, approved a note on a draft law on the principles for the national greenhouse gas emissions quota trading system, and cleared a Cabinet resolution on the list of foreign stock exchanges where shares of international financial institutions and other eligible issuers may be admitted to trading, excluding issuers resident in Russia, Belarus, Iran, North Korea, and other states recognised by Ukraine as aggressor or occupying states. The package also covered draft amendments to certain Commission enforcement decisions, the Commission’s analytical report on its work and on capital and organized commodity markets in the first quarter of 2026, a draft Economic Security Bureau methodology for assessing economic risks, and changes to the charter of the National Depository of Ukraine. Supervisory measures included investor alerts on the dubious investment projects Alantra Capital Markets (ACM) and Evoltex, changes to the list of client and depositor assets of Freedom Finance Ukraine subject to an asset-blocking sanction, and the withdrawal of LLC RA Expert-Rating’s authorization and its removal from the register of authorized rating agencies. On registration and licensing, the Commission suspended circulation of LLC Martin bond series D, E, F, G, H, I, J and K, registered a share issue by JSC Oksi Bank without a public offering, and cancelled the investment certificate issue and prospectus registrations for the closed-end venture non-diversified investment fund Kapital managed by LLC AMC TASK-Invest. It also found LLC AMC APF Ukrmashinvest and LLC FC Kyiv Invest Capital not to meet the criteria in Cabinet of Ministers Resolution No. 76 of 27 January 2023, revoked Kyiv Invest Capital’s critical-importance status, suspended LLC FC Garant-Invest’s licences for trading in financial instruments, and approved a set of senior management, supervisory board, audit, compliance, and risk appointments at several professional market participants.
Ukraine National Commission on Securities and Stock Market2026-05-27
Ukraine National Commission on Securities and Stock Market approves 2026 rulemaking revisions and withdraws Expert-Rating authorization
The Ukraine National Commission on Securities and Stock Market updated its 2026 rulemaking plan, reference systems, and work on a draft law for a national greenhouse gas emissions quota trading system, and endorsed a Cabinet resolution on eligible foreign exchanges for listing shares of international financial institutions and other issuers, excluding those from Russia, Belarus, Iran, North Korea and other aggressor or occupying states. It also issued investor alerts, adjusted sanctions-related asset lists, withdrew a rating agency’s authorisation, suspended multiple bond series, cancelled an investment fund’s registrations, revised critical-importance status for certain firms, suspended a financial company’s trading licences, and approved senior appointments.