The National Securities and Stock Market Commission of Ukraine has approved new rules requiring organized capital market operators and investment firms to monitor suspicious orders and transactions and report them to the commission using the Suspicious Transaction and Order Report standard. The framework aligns Ukrainian requirements with the European Union Market Abuse Regulation and replaces rules in place since 2011. Following public consultation, the commission limited the requirement for investment firms to use specialized monitoring software to cases involving algorithmic trading. Professional participants may determine their own risk indicators based on a nonbinding commission list. Where several participants execute the same transaction, they will share responsibility for analyzing it and submitting a report. The rules will apply from 2027, and market participants must update their internal procedures before then.
2026-09-15Ukraine National Commission on Securities and Stock Market
National Securities and Stock Market Commission of Ukraine approves EU-aligned market abuse monitoring and reporting rules
The National Securities and Stock Market Commission of Ukraine has approved EU-aligned rules requiring market operators and investment firms to monitor and report suspicious orders and transactions. Specialized software will be mandatory for investment firms only in algorithmic trading cases, while participants may set their own risk indicators. The rules take effect in 2027.