The National Securities and Stock Market Commission of Ukraine outlined seven initiatives intended to improve access to capital-market funding during a meeting between Chair Oleksii Semeniuk and more than 70 business representatives. The work covers personal investment accounts, simpler securities issuance, municipal bonds, securitization and covered bonds, investment funds, virtual assets and tokenization of real-world assets. A joint working group has identified bureaucratic barriers to capital raising, some of which the commission plans to remove through amendments to its own regulations. Parallel legislative changes would reduce the time needed to register a joint-stock company from several months to seven working days and establish a one-stop-shop process. The proposed personal investment account model would provide tax incentives for investments held for at least three years and allow investment in government, municipal and corporate bonds as well as investment certificates. The commission is also working with municipalities, the Finance Ministry and the relevant parliamentary committee to revive municipal bonds, with four cities prepared to use them, including for energy-independence projects. It invited businesses to submit specific cases and proposals on financing barriers, procedures and missing instruments, which may inform working groups and other joint policy-development formats.
2026-09-17Ukraine National Commission on Securities and Stock Market
National Securities and Stock Market Commission of Ukraine outlines seven initiatives to expand business access to capital markets
The National Securities and Stock Market Commission of Ukraine outlined seven initiatives to expand business and investor access to capital markets. Planned measures include simpler issuance and joint-stock company registration, tax-advantaged personal investment accounts and renewed municipal bond financing. The commission is seeking specific business proposals to shape the rules and implementation mechanisms.