The Ukraine National Commission on Securities and Stock Market published its 2024 report, outlining regulatory and market-development actions taken under martial law to preserve capital market functionality and advance alignment with European standards. The report highlights the adoption of Law No. 3585-IX to harmonise legislation with European Union law and support Ukraine’s pathway to joining the International Organization of Securities Commissions Multilateral Memorandum of Understanding, as well as a memorandum of long-term cooperation with Germany’s Federal Financial Supervisory Authority (BaFin). It also points to Law No. 3586-IX introducing agricultural notes as a new financing instrument, the rollout of a depository accounting system for limited liability company shares following amendments to the law on limited and additional liability companies, ongoing development of draft law No. 10225 on the regulation and taxation of virtual assets aligned with the EU’s Markets in Crypto-Assets approach, and investor-protection work that identified 384 fraudulent investment projects by the end of 2024.

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