The Ukraine National Commission on Securities and Stock Market (NSSMC) announced that PFTS Stock Exchange JSC has fulfilled the terms of a settlement agreement intended to address an offence by bringing prudential indicators back into line with норматив values. The NSSMC has received supporting documents confirming completion within the agreed timeframe, and the exchange will continue operating. The agreement, signed in July 2024, was enabled by the Law of Ukraine on State Regulation of Capital Markets and Organized Commodity Markets signed in March 2024, which allows the regulator to conclude agreements with offenders to settle consequences of breaches. The NSSMC also linked the law to broader changes in its supervisory toolkit, including the creation of the Regulator’s Office and the introduction of a “temporary manager” mechanism, which it said allowed it to begin addressing issues affecting clients of Freedom Finance Ukraine LLC.
Ukraine National Commission on Securities and Stock Market 2025-01-28
Ukraine National Commission on Securities and Stock Market confirms PFTS Stock Exchange remedied prudential breaches under settlement agreement
The Ukraine National Commission on Securities and Stock Market confirmed that PFTS Stock Exchange JSC has met a settlement agreement to realign prudential indicators with normative values. This agreement, under the Law of Ukraine on State Regulation of Capital Markets, underscores regulatory enhancements, including the Regulator’s Office and a “temporary manager” mechanism, addressing issues impacting clients of Freedom Finance Ukraine LLC.