The Ukraine National Commission on Securities and Stock Market adopted a new procedure governing the return of assets, including client and depositor funds, held with a professional capital market participant that has been sanctioned through asset blocking. As part of the same rule-making package, it also approved an instruction for enforcing financial sanctions in the form of fines for breaches of relevant legislation. Supporting measures included amendments to the Commission’s Decision No. 275 of 13 May 2021 and approvals related to draft legislation and government acts, including the Commission’s certificate on draft law No. 13007-d on issues involving the Deposit Guarantee Fund, the National Bank of Ukraine and collective investment institutions, a draft law amending Articles 3 and 5 of Ukraine’s Law on Sanctions, draft Cabinet of Ministers resolutions amending procedures under Cabinet resolutions No. 888 of 30 November 2016 and No. 967 of 30 August 2022 and setting criteria for assessing the admissibility of state aid linked to social and economic problems caused by the large-scale military aggression of the Russian Federation against Ukraine, and a draft Cabinet order on proposals for applying personal sanctions aligned with European Union Council decisions. The NSSMC also approved an implementation plan for 2025–2026 under Ukraine’s communication strategy on European integration through 2026. On registration, licensing and supervision, the Commission amended its Resolution No. 11/21/2604/K01 of 18 July 2025, terminated PrJSC Stock Exchange Perspektiva’s licence for clearing activities to determine liabilities, registered share issues for PJSC PATRIOT and PJSC SKY BANK and issues of preferred and ordinary shares for JSC POLTAVA-BANK, and approved and registered share issues for venture collective investment funds including ZNVCIF HAVEN, ZNVCIF GT INVESTMENT and ZNVCIF RINIA, including registration of RINIA’s prospectus. It also issued AMC COIN GROUP LLC with a licence for asset management activities and approved designated financial monitoring, risk and compliance officers at several market participants.
Ukraine National Commission on Securities and Stock Market 2025-07-25
Ukraine National Commission on Securities and Stock Market approves procedure for returning client assets from capital market participants under asset-blocking sanctions
The Ukraine National Commission on Securities and Stock Market adopted new procedures for asset return and financial sanctions enforcement, including fines for legislative breaches. Amendments were made to decisions and draft legislation concerning the Deposit Guarantee Fund, National Bank of Ukraine, and collective investment institutions. The Commission updated registration, licensing, and supervision protocols, terminated PrJSC Stock Exchange Perspektiva’s clearing licence, and approved share issues for various entities.