The Ukraine National Commission on Securities and Stock Market held a working meeting with Ukraine’s Minister of Finance to coordinate a set of capital markets and reporting initiatives, including the planned introduction of personal investment accounts and changes to reduce duplicate financial reporting for companies using International Financial Reporting Standards (IFRS). According to the Commission chair’s account of the meeting, the personal investment account instrument was discussed as a way to support investment culture and mobilise domestic capital, with both sides agreeing to keep the topic under joint control. The parties also focused on eliminating duplication in financial statements by pursuing Tax Code amendments that would allow IFRS reporting without transforming it into national reporting forms. Other topics included developing Ukraine’s municipal bond market with transparent rules and equal tax conditions, and advancing an organised agricultural products market through document standardisation, electronic document management, tax procedure regulation and related regulatory support, alongside coordination and mutual support in implementing these initiatives.

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