The Ukraine National Commission on Securities and Stock Market (NSSMC) chair Ruslan Magomedov outlined the “Stock Market 2.0” initiative in an interview, positioning it as a package to expand retail participation in capital markets through personal investment accounts and wider citizen access to shares in profitable state-owned companies. The proposal includes personal investment accounts (PIR), described in the interview as OIRs, to be opened at an investment firm and used for investing in domestic securities including municipal bonds, corporate bonds and shares of Ukrainian companies. A tax benefit would apply if funds are not withdrawn for five years, while allowing reinvestment and buying and selling of assets as long as the money remains in the economy. Separately, the NSSMC and MP Taras Tarasenko presented the concept for draft law No. 14296, which would enable the state to sell a small stake, illustrated as 7%, in profitable state-owned companies via the Diia application; the initiative is framed as a partial sale of existing shares rather than “classic privatization” and targets the creation of 5 million retail investors alongside more active secondary-market trading and exchange volumes.

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