The Ukraine National Commission on Securities and Stock Market has opened a public discussion on a draft regulation covering the ownership structure of legal entities and the procedure and conditions for obtaining approval of substantial participation by market participants. The draft aims to unify ownership structure requirements for firms seeking a licence and for those seeking approval of substantial participation. Key proposed changes include mandatory disclosure of key participants and the ultimate beneficial owner, enhanced oversight of significant participation, and updated business reputation requirements. The Commission indicates the changes would be introduced gradually after licensing conditions are brought into line with the Law of Ukraine "On Capital Markets and Organized Commodity Markets". The public discussion is open until October 10, 2025.
Ukraine National Commission on Securities and Stock Market 2025-09-25
Ukraine National Commission on Securities and Stock Market opens public discussion on unified ownership structure and substantial participation approval rules
The Ukraine National Commission on Securities and Stock Market has initiated a public discussion on a draft regulation concerning the ownership structure of legal entities and approval conditions for substantial participation. Key proposals include mandatory disclosure of key participants and ultimate beneficial owners, enhanced oversight of significant participation, and updated business reputation requirements. Changes will be phased in following alignment with the Law of Ukraine "On Capital Markets and Organized Commodity Markets".