The Ukraine National Commission on Securities and Stock Market announced, via its chair’s Telegram channel, that it has presented a draft regulatory act to establish a single Commission-run database of clients and their assets, described as the foundational step for resolving the situation affecting Freedom Finance Ukraine LLC clients and enabling the return of assets. The draft was presented at a meeting of the Public Committee on the Functioning of the Trading Infrastructure of Capital Markets attended by Freedom Finance Ukraine clients. Commission chair Ruslan Magomedov linked the initiative to a recent Presidential Decree that enabled the Commission to act and indicated that assets could begin returning to owners within a few months, subject to further steps. The roadmap includes a subsequent regulatory act to inspect and approve a list of clients not subject to sanctions, followed by a final act setting the procedure for clients and professional participants to receive funds and securities. The Commission plans to approve the initial act at its next meeting and publish it for public discussion before final adoption.
Ukraine National Commission on Securities and Stock Market 2025-02-14
Ukraine National Commission on Securities and Stock Market presents draft rules to build a central database of Freedom Finance Ukraine clients and assets
The Ukraine National Commission on Securities and Stock Market has drafted a regulatory act to create a Commission-run database of clients and assets, aiming to resolve issues for Freedom Finance Ukraine LLC clients and facilitate asset returns. Following a Presidential Decree, it includes steps to inspect and approve non-sanctioned clients and establish asset recovery procedures. The Commission plans to approve the draft at its next meeting and open it for public discussion before final adoption.