The Ukraine National Commission on Securities and Stock Market said it is studying Poland's regulatory approach to municipal bonds for possible adaptation in Ukraine after talks with representatives of the Polish Financial Supervision Authority. The meeting also covered FTSE capital market classification standards and the steps relevant to Ukraine acquiring frontier market status. Discussions covered how municipal bonds are used in Poland as an alternative to bank lending, including public issues with stock exchange listing and private placements usually bought by banks and pension funds, as well as issuance procedures, issuer requirements and differences from corporate bonds. The sides also reviewed the criteria for moving between FTSE market categories. Poland obtained developed market status in 2018 and retained it in the 2026 review, and they agreed to examine in more detail the experience relevant to Ukraine acquiring frontier market status under FTSE standards.
Ukraine National Commission on Securities and Stock Market 2026-04-28
Ukraine National Commission on Securities and Stock Market studies Polish municipal bond regime and FTSE frontier market requirements in talks with Polish Financial Supervision Authority
The Ukraine National Commission on Securities and Stock Market is examining Poland’s regulatory framework for municipal bonds, including issuance procedures, issuer requirements and their use as an alternative to bank lending, for potential adaptation in Ukraine. In discussions with the Polish Financial Supervision Authority, the parties also reviewed FTSE capital market classification criteria and agreed to further study Poland’s experience to support Ukraine’s potential frontier market status under FTSE standards.