The National Commission on Securities and Stock Market is a state collegiate body subordinated to the President of Ukraine and accountable to the Verkhovna Rada of Ukraine.

The NSSMC is composed of the Chairman of the Commission and six members of the Commission, who are appointed and dismissed in accordance with the decrees of the President of Ukraine.

The system of the body includes: the central office and four territorial offices.

The main form of work of the Commission is meetings, which are regularly held at the decision of the Chairman (twice a week).

The purpose of the NSSMC is to create, through its regulatory and supervisory functions, the conditions for the proper and efficient functioning of the securities market, to provide cash capital to the needs of the country’s economy by creating a mechanism for the accumulation, distribution and redistribution of funds from a person who has free investment resources to a person, which needs such resources for development, creation of conditions for formation of powerful domestic investors and protection of rights of investors.

With the adoption of the Law of Ukraine “On Securities and Stock Exchange” in 1991, the domestic securities market began its formation. Then Ukraine at the legislative level received financial instruments and professional securities market participants.

The most important in determining the legal framework for the state regulation of the securities market was the Decree of the President of Ukraine, which established the State Commission on Securities and Stock Market on June 12, 1995.

The main tasks of the Commission are defined by the Law of Ukraine “On State Regulation of the Securities Market in Ukraine”, which was adopted in 1996.

On February 14, 1997, the Regulations on the Commission amended the Commission by which the Commission was declared a state body subordinated to the President of Ukraine and accountable to the Verkhovna Rada of Ukraine.

On July 7, 2011, the body changed its name to the current one – the National Commission on Securities and Stock Market. By the Decree of the President of Ukraine of November 23, 2011, the current edition of the Regulation on the NCSSMF was approved.

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