The Ukraine National Commission on Securities and Stock Market held a working meeting with representatives of the non-state pension market to discuss the direction of upcoming reforms, including legislative changes based on the White Paper, implementation of European Union directives, strengthening accountability in non-state pension fund (NPF) governance, and mechanisms to protect participants’ pension savings. The discussion included representatives from OTP Pension, PrivatFund, Dynasty, Emerit-Ukraine and Pharmaceutical, alongside an EU international technical assistance project focused on aligning Ukraine’s financial markets framework with EU legislation and international standards. The Commission noted the market comprises around 900,000 participants with approximately UAH 6.7 billion in assets, with nearly 90% of assets concentrated in the nine largest funds. Market participants broadly supported EU-standard reforms while emphasizing the need to safeguard participants’ funds, avoid reducing returns through excessive regulatory costs, and maintain confidence in NPFs.
Ukraine National Commission on Securities and Stock Market 2026-02-13
Ukraine National Commission on Securities and Stock Market convenes non-state pension funds to advance EU-aligned reforms and saver protections
The Ukraine National Commission on Securities and Stock Market convened with non-state pension market representatives to discuss reforms, including EU directive implementation and enhanced governance for non-state pension funds, affecting around 900,000 participants with UAH 6.7 billion in assets. Participants supported EU-standard reforms but stressed safeguarding funds and avoiding excessive regulatory costs.