Ukraine’s National Commission on Securities and Stock Market approved a revised draft decision updating the rules for issuing shares and for registering and cancelling the registration of share issues, and decided to publish a new edition of the regulation for discussion. The proposed changes adjust the share issuance and circulation procedure to reflect administrative procedure legislation and feedback from applying the current process in practice. Key updates include improvements to administrative proceedings for carrying out administrative actions, replacing the term “official communication channel” with “personal account in the CIS”, introducing completion of an issuer questionnaire to provide information to the Central Securities Depository for forming a temporary or global certificate, and improving the procedure for transforming a joint stock company. The annexes are also unified and regrouped, reducing their number from 50 to 27. Comments and suggestions on the published draft are invited until 5 December 2025.
Ukraine National Commission on Securities and Stock Market 2025-11-10
Ukraine National Commission on Securities and Stock Market approves revised share issuance and registration regulation for public discussion
Ukraine’s National Commission on Securities and Stock Market approved a revised draft decision updating rules for share issuance and registration. Key changes include aligning procedures with administrative legislation, introducing issuer questionnaires for the Central Securities Depository, and streamlining annexes from 50 to 27. The new regulation is open for discussion.