In an online meeting with the Business Advisory Council capital markets working group and TheCityUK, the Ukraine National Commission on Securities and Stock Market set out its 2026 to 2027 priorities for capital markets reform. The chair said the main objective is to make capital markets easier for businesses to use as a funding source, with planned measures including cutting the securities issuance process from four to five months to 10 to 14 days, introducing individual investment accounts and enabling municipal bond issuance. The Commission said it is already discussing municipal bonds with the authorities of Lviv, Ivano-Frankivsk and Kryvyi Rih. It also pointed to a securitisation bill registered in parliament that would allow banks to raise funds against mortgage portfolios, and to a virtual assets bill being prepared for second reading under which the Commission would become the lead regulator for that market. On foreign investment, the discussion covered the depository agreement between Ukraine and Poland, which gives Polish investors access to the Ukrainian market, possible similar arrangements with other countries, and ongoing talks with the National Bank of Ukraine on capital repatriation. Business Advisory Council participants said they are reviewing capital markets regulation in several countries, including Croatia, Romania, North Macedonia, Sweden, the United Kingdom and Portugal, with the aim of delivering a single package of recommendations to the Commission. The parties agreed to meet every two months to track progress and adjust the joint work if needed.

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