Commission presented a roadmap for the integration of Ukrainian capital markets into the EU

Oleksii Semeniuk, Chairman of the National Securities and Stock Market Commission, presented the NSSMC’s priorities for 2026–2027 during a meeting of the Ukraine–EU Civil Society Platform.

During his speech, the Commission Chairman outlined the Commission’s key priorities regarding the alignment of Ukrainian legislation with European Union law and the development of modern capital markets integrated into the European financial area.

Most significant capital market reform on the path to the EU

Upon the completion of a legislative screening conducted jointly with the European Commission, the NSSMC moved on to the practical phase of implementing European integration reforms. Today, the Commission is responsible for implementing 170 EU legal acts, drafting 29 laws, and preparing 195 pieces of subordinate legislation in the areas of capital markets, corporate law, financial services, and financial infrastructure.

“For us, European integration is not just about meeting EU requirements. It is about establishing market rules under which Ukrainian investors will feel protected, and Ukrainian businesses will be able to raise capital on the same terms as companies in European Union countries,” said Oleksii Semeniuk.

From corporate law to digital finance

The Commission’s key areas of focus include:
– modernizing corporate legislation;
– introducing new European business models;
– improving mechanisms to protect the rights of shareholders and investors;
– developing investment funds and financial instrument markets.

Particular emphasis is placed on developing post-trade infrastructure, improving clearing and settlement mechanisms, implementing modern regulation in the digital assets sector, and developing sustainable financing in line with EU standards.

The Commission is also working to strengthen mechanisms to combat market abuse in capital markets and to harmonize Ukrainian legislation with key EU regulations in the financial markets sector.

What this gives to the state and citizens

The NSSMC emphasizes that the European integration of capital markets is not merely a matter of fulfilling Ukraine’s international obligations. It involves establishing transparent rules for the financial market, enhancing investor protection, fostering a competitive environment, and attracting the investments necessary for the country’s recovery and economic growth.

For businesses, this means better access to capital and clear operating rules that are compatible with EU standards. For citizens, it means greater investment security, stronger protection of the rights of shareholders and investors, as well as new opportunities for long-term investment and capital accumulation.

“Behind every figure lie concrete changes. These include new investor protection rules, modern corporate governance, and transparent mechanisms for the operation of investment funds and financial instruments. In essence, we are building a capital market that will operate in accordance with European standards,” emphasized the Chairman of the NSSMC.

The Commission notes that 2026 will be a year of active rulemaking work, while in 2027 the focus will be on the practical implementation of new rules and the support of reforms. The NSSMC will also continue an open dialogue with market participants, the expert community, and civil society regarding the implementation of Ukraine’s European integration course.

For your information: The event was attended by representatives of European Union institutions, government agencies, the expert community, civil society, and international partners involved in Ukraine’s preparations for EU membership.