Ukraine’s National Commission on Securities and Stock Market (NSSMC) met with the World Bank to review key directions for capital market reform and the NSSMC’s 2026–2027 plans, including workstreams on virtual assets, securitization, municipal bonds and collective investment institutions. The agenda included developing clearer regulatory rules for the virtual assets market and clarifying the distribution of supervisory powers between the NSSMC and the National Bank of Ukraine. Discussion also covered a securitization law, with the NSSMC chair stating the goal is to adopt it in 2026 and enable full functioning of related mechanisms, including special purpose vehicles, issuance of securities backed by securitized assets, and investor payments from asset cash flows. Other priorities included developing the municipal bond market to fund local infrastructure and strengthening collective investment institutions by attracting institutional investors and building long-term resources for the economy. The World Bank expressed readiness to support key capital market reforms through financial and organisational assistance, and the parties agreed to continue cooperation in specific areas.

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