The National Securities and Stock Market Commission of Ukraine approved two sets of rules implementing requirements under the European Union’s Market Abuse Regulation. The measures establish conditions for lawful share buybacks and securities price stabilization and introduce conflict-of-interest standards for investment recommendations, research and strategies. Issuers using the framework must disclose buyback programs in advance, comply with price and volume limits, and promptly report each transaction to the commission and the market. Banks, investment firms, independent analysts and other experts that produce or distribute investment recommendations must disclose interests involving the relevant securities or issuers. Banks and investment firms must also publish this information on their websites. The measures have been submitted for state registration. They will take effect upon official publication and become fully operational on Jan. 1, 2027, allowing affected entities time to adapt their internal procedures.
Ukraine National Commission on Securities and Stock Market2026-08-05
National Securities and Stock Market Commission of Ukraine approves market abuse rules for buybacks and investment recommendations
The National Securities and Stock Market Commission of Ukraine approved EU-aligned market abuse rules covering share buybacks, price stabilization and investment recommendations. The measures impose disclosure, transaction-limit and reporting requirements and require analysts and firms to reveal conflicts of interest. They will become fully operational on Jan. 1, 2027.