The Ukraine National Commission on Securities and Stock Market has amended a set of regulations governing collective investment activities to address legal gaps and refine operational requirements across asset management and fund registration processes. The changes, adopted under Decision No. 09/21/2488/K03 and registered with the Ministry of Justice under No. 1057/44463, update three core rulebooks. Asset management rules for institutional investors now clarify the timeline for transferring documents to a new asset management company (AMC), the parties’ actions when changing the AMC, obligations to retain electronic copies of documents, and the process for signing agreements between an AMC and a corporate investment fund (CIF). Prospectus registration rules for CIF share issues introduce an additional deadline for submitting documents for registration and allow decisions of a sole participant who is an individual to be signed via an authorised representative. Rules on registering collective investment institution (CII) regulations clarify the document set required when changing a custodian or AMC, or when amending those agreements.
Ukraine National Commission on Securities and Stock Market 2025-07-21
Ukraine National Commission on Securities and Stock Market amends collective investment rules covering asset manager transitions and fund registration filings
The Ukraine National Commission on Securities and Stock Market has amended regulations to address legal gaps in collective investment activities, refining asset management and fund registration processes. Key updates include clarified timelines and actions for asset management company (AMC) transitions, electronic document retention, and agreement processes between AMCs and corporate investment funds. Prospectus registration rules now include additional deadlines and provisions for representative signatures.