The Ukraine National Commission on Securities and Stock Market approved a package of draft decisions to implement the Law of Ukraine On Rating, covering the procedure for authorising rating agencies and maintaining a register of authorised rating agencies, disclosure requirements for authorised rating agencies, the procedure for calculating voting shares (stakes) held via certain financial instruments, and the procedure and conditions for conducting rating activities. The package also includes a draft resolution on compliance with Article 29(10) of the Law On Rating through publication of an indicative, non-exclusive list of financial instruments. In supervisory actions, investors were warned about the dubious investment projects Bulenox and Taxtrade. The Commission also approved appointments for key control functions at AVI INVESTMENT AMC LLC and AMC MODERN FINANCIAL INSTRUMENTS LLC, and denied approval for an independent director assigned risk management functions at GONZO INVEST LLC. On registration and licensing matters, it approved draft charters and registered initial share issues for JSC ZNVCIF LUCKNOW, LYUSINA, LAVDAR and BUILDING DEVELOPMENT, and registered the share issue and prospectus of JSC ZNVCIF OSNOVA CAPITAL for joint investment.
Ukraine National Commission on Securities and Stock Market 2025-11-04
Ukraine National Commission on Securities and Stock Market approves draft framework for authorising and regulating rating agencies
The Ukraine National Commission on Securities and Stock Market approved draft decisions to implement the Law of Ukraine On Rating, detailing procedures for authorising rating agencies and conducting rating activities. Investors were cautioned against dubious projects Bulenox and Taxtrade, while key appointments were made at AVI INVESTMENT AMC LLC and AMC MODERN FINANCIAL INSTRUMENTS LLC. The Commission also registered initial share issues for several entities, including JSC ZNVCIF OSNOVA CAPITAL.