The Ukraine National Commission on Securities and Stock Market held a regular working meeting on developing a draft law for non-state pension funds (NPFs), reviewing the draft’s structure and discussing how the new accumulation system model should be designed. The draft is intended to set rules for the establishment and operation of NPFs, regulate the activities of Pension Societies, and define requirements for asset management and the control system. Planned sections also cover participants’ rights, information disclosure, the regulator’s powers, and procedures for terminating operations. The discussion additionally raised proposals on participant guarantees, possible regulation of cross-border activities, and a transition period for existing funds. The Commission indicated that the proposals raised will be further elaborated as work continues toward an agreed draft text, with ongoing dialogue involving market participants and the expert community.

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