The Ukraine National Commission on Securities and Stock Market launched a public discussion on a draft decision to streamline the procedure for submitting financial statements, proposing a single mandatory digital reporting format and channel. Under the draft, financial statements prepared in line with international standards would be submitted exclusively in XBRL via the Financial Reporting Collection Center (FFR), and the requirement to submit reports in XML would be abolished. The consultation is intended to support a clear transition and reduce the risk of technical difficulties while moving market participants to one legally defined reporting format. The public discussion runs until September 5, 2025.
Ukraine National Commission on Securities and Stock Market 2025-08-25
Ukraine National Commission on Securities and Stock Market consults on requiring XBRL-only submission of financial statements via the Financial Reporting Collection Center
The Ukraine National Commission on Securities and Stock Market is consulting on a draft decision to streamline financial statement submissions by mandating a single digital reporting format in XBRL via the Financial Reporting Collection Center. The proposal aims to eliminate XML submissions and facilitate a smooth transition to the new format.