The Ukraine National Commission on Securities and Stock Market (NSSMC) reported a sharp increase in XBRL financial statement submissions in 2025, with 24,691 packages filed compared with 6,578 in 2024. The Commission linked the increase to the restoration of reporting obligations for issuers and market participants after wartime relief measures and to changes that simplify how financial statements are submitted. During martial law from March 2022, issuers and market participants were temporarily exempt from disclosing regulated information; amendments to Law No. 2115-IX restored the reporting obligation from 28 August 2025. Catch-up submissions were organised in two stages, with reporting for 2021–2023 due by 30 September 2025 and reporting for 2024 and the first and second quarters of 2025 due by 31 October 2025. The NSSMC also abolished double reporting by requiring financial statements to be submitted only to the Collection Center and made XBRL the only mandatory format for companies reporting under International Financial Reporting Standards instead of XML; it also provided free software to generate financial statements and ran October webinars attended by more than 700 market participants.
Ukraine National Commission on Securities and Stock Market 2025-11-04
Ukraine National Commission on Securities and Stock Market notes 24,691 XBRL filings after reinstating reporting and streamlining submissions
The Ukraine National Commission on Securities and Stock Market (NSSMC) reported a significant rise in XBRL financial statement submissions in 2025, due to reinstated reporting obligations post-wartime relief and simplified processes. Amendments to Law No. 2115-IX restored these obligations from 28 August 2025, with catch-up submissions in two stages. The NSSMC streamlined reporting by mandating XBRL as the sole format and provided free software and webinars to assist market participants.