Ukraine National Commission on Securities and Stock Market updates Freedom Finance clients on May steps to approve asset lists and return assets

The Ukraine National Commission on Securities and Stock Market (NSSMC) held an online meeting with a group of Freedom Finance clients to explain progress and next steps in its staged process for resolving the case and enabling the return of client assets, reiterating that implementation is following the previously announced schedule. The NSSMC expects during May to carry out the second and third stages, including forming and approving the list of client assets and approving the list of actions the parties will take when returning assets, which it described as the decisive step for establishing a transparent algorithm for clients to receive their funds. Commission member Yaroslav Shliakhov led the discussion, and clients were invited to participate in discussions on the relevant regulatory framework. As part of stage two, the NSSMC has approved a revised draft procedure setting out the mechanism for compiling the list of client assets held in sanctioned institutions; the list is now awaiting approval by the Security Service of Ukraine as the final step before the act’s approval and state registration.