The National Securities and Stock Market Commission of Ukraine has published an update distinguishing reforms already adopted for nonstate pension funds from a broader voluntary pension fund model now before parliament. Existing rules remain in force while lawmakers consider the proposed model. At the end of the first quarter of 2026, 47 funds were operating with 889,200 participants and assets of UAH 7.07 billion. Administrative rules updated in early 2026 permit remote interactions and electronic signatures, and address dealings involving participants who are missing, deceased or legally absent, as well as guardians and custodians. From Oct. 1, 2026, administrators must report separately on their own activities and each fund they administer, giving the commission more structured and comparable data for supervision and protection of participants’ rights. Draft legislation registered in parliament on Aug. 28 would require existing nonstate pension funds to transform into voluntary pension funds under a model involving pension companies with stronger corporate governance, internal control and risk management. It also proposes a pension savings guarantee mechanism, although participant guarantees, cross-border activity and tax treatment require further work. The main bill remains under review by the relevant parliamentary committee.
2026-09-11Ukraine National Commission on Securities and Stock Market
National Securities and Stock Market Commission of Ukraine reviews pension fund reforms and October reporting changes
The National Securities and Stock Market Commission of Ukraine has reviewed adopted administrative reforms and proposed structural changes for nonstate pension funds. Separate administrator and fund-level reporting begins Oct. 1, 2026. Draft legislation before parliament would introduce voluntary pension funds, stronger governance and risk controls, and a proposed savings guarantee mechanism.