The Ukraine National Commission on Securities and Stock Market has approved a procedure for returning blocked assets belonging to clients of Freedom Finance Ukraine LLC, completing the final regulatory step needed to start the customer asset return mechanism. The National Bank of Ukraine (NBU) approved the draft without comments, enabling the Commission to adopt it. The procedure sets out which entities may return assets, including selected investment firms, depository institutions or a temporary manager. It also defines how clients can confirm entitlement where client data has changed or rights have been transferred, provides for a separate list of persons denied inclusion in the asset list including due to links with sanctioned companies or an opaque ownership structure, and addresses bank repayment specifics in line with NBU Resolution No. 65. The Commission chair indicated that, following an official adjustment, the return mechanism will be launched with an approximately 10-day lead time. A step-by-step instruction for Freedom Finance investors and a finalized list of clients eligible for payments is expected to be published at the beginning of the next week.

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