Ownership structure of legal entities and business reputation: Commission reminds of a discussion on the changes awaiting the market

The Commission continues its systematic work on improving legislation in financial market regulation. In view of this, public discussion of the draft Regulations on the ownership structure of legal entities, the procedure and conditions for obtaining approval for significant participation with market participants has been underway.

The document proposes to unify the requirements for ownership structure for companies that obtain a license and those that obtain approval for significant participation.

The main innovations include: mandatory disclosure of key participants and ultimate beneficial owners (UBOs), control over significant participation, and updated requirements for business reputation. These changes will be introduced gradually, after the licensing conditions are brought into line with the Law of Ukraine “On Capital Markets and Organized Commodity Markets.”

The discussion on the draft Regulations will continue until 10 October 2025. We look forward to receiving your comments and suggestions at the following email address: [email protected]

This was reported by the NSSMC in more detail earlier.

The text of the draft Regulations is available following the link.