The National Securities and Stock Market Commission of Ukraine published a broad package of policy, supervisory, registration and licensing decisions. On the policy side, it adopted a regulation setting the procedure for terminating a corporate investment fund, endorsed its positions on draft laws dealing with securitisation and covered bond issuance through amendments to the Bankruptcy Procedures Code and Civil Code and on a draft law to improve corporate governance in companies, and approved draft Commission decisions on public securities offerings, domestic local loan bonds and corporate bond conversions during martial law. It also updated its 2026 rulemaking plan, approved its 2025 activity report and an implementation plan linked to the Government of Ukraine and National Bank of Ukraine letter of intent and memorandum on economic and financial policy, and confirmed the termination, by transformation, of the State Institution Agency for Development of Stock Market Infrastructure of Ukraine with accompanying implementation measures. Supervisory actions included changes to the list of client and depositor assets, including cash, of Freedom Finance Ukraine LLC that are covered by the asset blocking sanction, removal of restrictions on the securities of two issuers, a separate authorisation for an exhaustive list of transactions in another issuer's securities, and investor warnings on the suspicious investment projects Cronika and Trading Time. Registration and licensing decisions covered share issue registrations for two venture corporate investment funds and First Investment Bank, approval of seven additional venture fund charters and initial share issue registrations, registration of the Inzhur MilTech unit fund rules, two non-public corporate bond issues and one public corporate bond issuance report, cancellation of Tavriia-V LLC's series B bond registration, and approval of multiple internal audit, risk, compliance and financial monitoring appointments at professional market participants.
Ukraine National Commission on Securities and Stock Market 2026-05-06
National Securities and Stock Market Commission of Ukraine approves corporate investment fund termination rules and advances securitisation and wartime securities measures
The National Securities and Stock Market Commission of Ukraine adopted measures including a new regulation on terminating corporate investment funds, positions on draft laws on securitisation, covered bonds and corporate governance, and draft decisions on public offerings, local loan bonds and corporate bond conversions during martial law. It updated its 2026 rulemaking plan and 2025 activity report, confirmed the transformation-based termination of the State Institution Agency for Development of Stock Market Infrastructure of Ukraine, and approved an implementation plan linked to the Government and National Bank letter of intent and memorandum. Supervisory and licensing actions covered sanctions adjustments for Freedom Finance Ukraine LLC, changes to issuer securities restrictions, investor warnings, securities registrations and cancellations, and approvals of key control function appointments.