The Ukraine National Commission on Securities and Stock Market (NSSMC) updated its prudential framework under Decision No. 1221 by easing the treatment of small monthly deviations, widening the financial instruments that can be recognised as liquid for ratio calculations, and streamlining the administrative process for approving remediation plans when the asset liquidity ratio deviates. The Commission also approved technical amendments to the authorisation procedure for entities seeking to operate a trade repository in capital markets and organised commodity markets, alongside a set of supervisory and administrative approvals. Under the revised approach, if a prudential standard deviates by less than 5% during a month, the NSSMC will not apply measures of influence provided the indicator is brought back into compliance by month-end. Securities of issuers subject to a public offering and/or admitted to trading on a regulated stock market can now be treated as liquid assets up to 20% of the estimated value of the relevant ratio. Separately, the NSSMC agreed an intention to acquire a significant participation in AMC FINEC ASSET MANAGEMENT LLC, approved share issue registrations and related prospectuses for collective investment purposes for JSC ZNVCIF KAPITALKO and JSC ZNVCIF VELMER INVEST, approved a draft charter and share issue registration to form the initial authorised capital of JSC ZNVCIF PARTNER SYSTEMS, approved a draft Cabinet of Ministers resolution on amendments related to critical infrastructure facilities, terminated recognition of a non-bank financial group controlled by Leonid Pivovarov, and established a Coordination Council to finalise the White Paper on reform of voluntary funded pension provision.
Ukraine National Commission on Securities and Stock Market 2025-04-15
Ukraine National Commission on Securities and Stock Market liberalises prudential deviation reporting and expands liquid assets for liquidity ratio calculations
The Ukraine National Commission on Securities and Stock Market updated its prudential framework, easing treatment of small monthly deviations and expanding recognition of liquid financial instruments for ratio calculations. It streamlined the administrative process for remediation plans, approved technical amendments for trade repository authorisation, addressed approvals like share issue registrations and a draft resolution on critical infrastructure, and established a Coordination Council for pension reform.