The Ukraine National Commission on Securities and Stock Market approved a revised draft decision setting out how assets belonging to clients and depositors of a capital markets professional participant will be returned where a sanction in the form of asset blocking has been applied. It also approved a package of rule-making initiatives, including changes to the NSSMC Rule-Making Plan for 2025, and advanced several draft legislative and government measures. The rule-making decisions include approval of a draft Cabinet of Ministers resolution to amend procedures and regulations set by Cabinet resolutions No. 888 of 30 November 2016 and No. 967 of 30 August 2022, and approval of a draft Cabinet resolution on the procedure for transforming a state enterprise into a joint stock company or a limited liability company wholly owned by the state. The Commission also approved its certificate on the draft law to amend the Civil Code of Ukraine on investment funds (reg. No. 13247) and approved a draft law to amend Articles 3 and 5 of the Law of Ukraine on Sanctions. On registration and licensing matters, it approved the draft charter and share issue registration for the initial authorised capital of JSC ZNVCIF FLERON, registered share issues and prospectuses for JSC ZNVCIF HYPERION INVEST and JSC ZNVCIF PARK INVEST, and cancelled the registration and related certificate for an issue of investment certificates of a non-diversified closed-end unit investment fund. Supervisory actions included consenting to the intention to acquire a significant participation in Profi-T Securities LLC and agreeing a range of appointments for professional participants, including internal audit, supervisory board, compliance and risk, chief accountant, and financial monitoring roles across named firms.
Ukraine National Commission on Securities and Stock Market 2025-07-11
Ukraine National Commission on Securities and Stock Market approves revised procedure for returning client assets under asset-blocking sanctions and advances draft laws and licensing actions
The Ukraine National Commission on Securities and Stock Market approved a revised draft decision on asset return procedures for clients and depositors under asset blocking sanctions. It also endorsed rule-making initiatives, including amendments to Cabinet resolutions and draft laws on investment funds and sanctions. Additionally, the Commission addressed registration and licensing matters, including share issue registrations and supervisory actions for professional participants.