Commission prepares to present the concept of a new law on financial market infrastructure

The National Securities and Stock Market Commission, with technical support from the EBRD and legal advisors, together with Ernst & Young, developed a concept for a new draft Law of Ukraine “On Financial Market Infrastructure.”

The draft law is being prepared within the framework of Ukraine’s EU integration commitments and provides for the implementation of EU standards in the field of capital market infrastructure.

The concept outlines a unified legislative framework for the activities of the central depository, central counterparty, settlement systems, and financial collateral. It also provides for the integration of provisions regarding the pilot mode of using distributed ledger technology (DLT).

The purpose of the draft law is to increase the stability and reliability of capital market infrastructure and bring regulation closer to EU standards.

In the near future, the concept will be presented for public discussion with the involvement of the professional community.