The Ukraine National Commission on Securities and Stock Market adopted amendments to its framework for disclosure by securities issuers and by persons providing security for securities, and approved draft decisions to amend two prior Commission decisions and the wartime procedure for appointing a temporary head of a professional market participant’s executive body. It also issued a package of registration, licensing and supervisory decisions affecting investment funds and other capital market participants. On registration matters, the Commission cancelled the registration of investment certificate issuance and related prospectus documentation for the PZNVIF Aragon of LLC AMC BUSINESS – GARANT, and registered share issuances and the prospectus for JSC ZNVCIF HARTLEY and JSC ZNVCIF ELYSIUM UA. Supervisory actions included updating the list of assets, including client and depositor funds, subject to the asset blocking sanction applied to FREEDOM FINANCE UKRAINE LLC, agreeing an intention to acquire a significant participation in FC FINBUD LLC, and assessing firms against the criteria in Cabinet of Ministers of Ukraine Resolution No. 76 of 27 January 2023, including confirming compliance for FC EA INVEST LLC and TI-INVEST LLC and revoking critically important enterprise status where criteria were not met for LLC AMC CROSS RIVER CAPITAL and LLC AMC ROYAL-STANDARD. The Commission also approved appointments of the internal auditor of FC GARANT CAPITAL LLC and the person performing compliance manager functions for AMC INVESTMENT HOUSE LLC.
Ukraine National Commission on Securities and Stock Market 2025-11-21
Ukraine National Commission on Securities and Stock Market amends issuer disclosure rules and updates supervisory actions including Freedom Finance Ukraine asset blocking list
The Ukraine National Commission on Securities and Stock Market amended its disclosure framework for securities issuers and approved draft decisions altering prior Commission decisions and wartime procedures. It issued registration, licensing, and supervisory decisions impacting investment funds and capital market participants, including cancelling and registering share issuances and prospectuses. Supervisory actions involved asset blocking sanctions, significant participation agreements, and compliance assessments, with some firms losing critically important enterprise status.