The National Securities and Stock Market Commission of Ukraine published a weekly update detailing work to make new and underused capital market instruments operational. The commission signed a memorandum with Financial Innovation for Impact to support regulatory approaches, licensing, supervision and market monitoring for digital assets as Ukraine moves toward full virtual asset regulation. It is also working with public authorities and municipalities to secure the first municipal bond issue under simplified procedures that introduced online documentation, a base prospectus and shorter registration periods. The commission presented international experts with the first version of a revised Corporate Governance Code, which reflects updated Organisation for Economic Co-operation and Development principles and is intended to cover a broader range of private, financial and state-owned enterprises. The code will focus on recommended practices under an apply-or-explain approach rather than duplicating statutory duties. Following adoption of the securitization law, the commission and International Finance Corporation also began expert work on implementing rules that would allow banks to raise funding against loan portfolios and other financial assets. The update further highlighted proposed amendments to simplify collective investment fund filings. These would remove comparative tables for certain changes to fund regulations and prospectuses and clarify deadlines and procedures for updating registration documents. The drafts remain subject to approval procedures.

Original source