The Ukraine National Commission on Securities and Stock Market approved a regulation that unifies requirements on ownership structures and the process for obtaining the Commission’s approval of significant participation in professional participants in capital markets and organized commodity markets. The framework aligns expectations for two categories of legal entities: those seeking approval for significant participation and those applying for or holding licences. The regulation sets requirements for ownership structure, its disclosure, and business reputation for licensed entities and licence applicants, as well as for legal entities and individuals that hold, or intend to acquire or increase, significant participation. It also establishes the procedure and conditions for obtaining approval to acquire or increase significant participation, and clarifies that existing licensing conditions for professional activities apply only to the extent they do not conflict with the new regulation. Professional participants must bring their ownership structures into compliance within one year of the decision’s entry into force on 1 February 2026.
Ukraine National Commission on Securities and Stock Market 2025-11-14
Ukraine National Commission on Securities and Stock Market approves unified ownership structure and significant participation approval rules effective 1 February 2026
The Ukraine National Commission on Securities and Stock Market approved a regulation standardizing ownership structure requirements and the approval process for significant participation in capital and commodity markets. It applies to entities seeking or holding licenses and those acquiring significant participation, with compliance required by February 2026. Existing licensing conditions remain applicable unless they conflict with the new regulation.