The Ukraine National Commission on Securities and Stock Market (NSSMC) announced that the process for implementing sanctions against Freedom Finance Ukraine LLC has been clarified, following a Presidential Decree that granted the NSSMC powers intended to enable the return of the firm’s blocked client assets.

Preparatory work included the appointment of an interim head of the executive body, who conducted an audit of the company’s activities. The interim manager has completed a first stage by forming a defined list of clients and their assets, with a next stage to verify whether clients have connections to sanctioned persons or the aggressor country, with the involvement of competent authorities.

The NSSMC expects to finalise and publish a decision in the near future that will set out the list and procedure for the interim administrator, stakeholders and clients of Freedom Finance Ukraine LLC. Further steps are planned after the verification is successfully completed.

Original source

Related updates