The Ukraine National Commission on Securities and Stock Market has amended the regulation governing how collective investment institutions (CII) determine the value of their net assets, updating the framework set out in its 2013 decision to reflect supervisory experience and increase transparency. The changes define the cases in which CII asset values must be reduced by the amount of receivables, including overdue receivables. They also broaden the set of signs that trigger the need for a markdown or reduction in the usefulness of an asset, including where CII assets are located in temporarily occupied territories or territories of hostilities and where sanctions are applied to legal entities whose corporate rights and or securities form part of a CII’s assets. The amended rules further detail how revaluation and markdowns should be performed depending on whether such signs of reduced usefulness arise or cease. The amendments enter into force on 1 November 2025, following state registration with the Ministry of Justice.
Ukraine National Commission on Securities and Stock Market 2025-10-07
Ukraine National Commission on Securities and Stock Market amends net asset valuation regulation for collective investment institutions effective 1 November 2025
The Ukraine National Commission on Securities and Stock Market has revised regulations for collective investment institutions (CII) to enhance transparency and reflect supervisory experience. The amendments specify conditions for reducing asset values, including overdue receivables and assets in conflict zones or under sanctions. They also provide detailed guidelines for asset revaluation and markdowns.