The Ukraine National Commission on Securities and Stock Market (NSSMC) approved a draft decision for public discussion that would introduce a new Regulation on self-regulatory organisations (SROs) of professional participants in the capital markets and amend the licensing conditions for conducting professional activities in the capital markets. The proposed Regulation sets requirements and documentation for obtaining SRO status, procedures for reviewing applications and for loss or revocation of status, and the powers, rights and obligations of SROs. It also defines how powers may be delegated and returned between the NSSMC and an SRO, requirements for SRO members, internal documents and a code of ethics, and arrangements for document approval, supervision and maintenance of the SRO Register. In parallel, the draft would amend seven sets of licensing conditions to reflect voluntary membership of professional participants in SROs, repeal the NSSMC’s 2013 and 2015 decisions governing associations and delegation of powers, and set requirements for SROs whose certificates remain valid as of 1 January 2026. Comments on the draft are invited until 12 December 2025.
Ukraine National Commission on Securities and Stock Market 2025-11-17
Ukraine National Commission on Securities and Stock Market consults on new self-regulatory organisation framework and licensing condition amendments
The Ukraine National Commission on Securities and Stock Market approved a draft decision for public discussion to introduce a new Regulation on self-regulatory organisations (SROs) in the capital markets. The Regulation outlines requirements for obtaining SRO status, application procedures, and the delegation of powers between the NSSMC and SROs. It also proposes amendments to licensing conditions, reflecting voluntary membership in SROs and repealing previous decisions on associations.