The Ukraine National Commission on Securities and Stock Market has proposed a simplified, faster and fully digital mechanism for registering non-public issues of shares, aimed at reducing the cost and complexity that can deter small and medium-sized and early-stage companies from raising equity capital. Under the proposed approach, initial registration would move to the Central Securities Depository and be completed without prior regulatory approval, using a standard document package and entirely electronic interaction. The NSSMC would supervise after registration, applying risk-based control, with the stated objective of cutting processing time from months to several days, lowering business costs, and making equity financing more accessible and transparent while supporting companies’ gradual progression toward the public market.
Ukraine National Commission on Securities and Stock Market 2026-01-20
Ukraine National Commission on Securities and Stock Market proposes shifting initial registration of non-public share issues to the Central Securities Depository
The Ukraine National Commission on Securities and Stock Market has proposed a fully digital mechanism for registering non-public share issues to reduce costs and complexity for small and medium-sized enterprises. The process would shift initial registration to the Central Securities Depository without prior regulatory approval, aiming to cut processing time significantly and enhance accessibility to equity financing.