Commission approved the Procedure for returning Freedom Finance assets and submitted it to the NBU for approval

The NSSMC approved the revised Procedure for returning frozen assets belonging to the clients of Freedom Finance Ukraine LLC. The document was finalized following a working meeting with the National Bank of Ukraine, taking into account its proposals on actions and entities subject to state regulation and supervision by the NBU. Positions of the Central Securities Depository and the Settlement Center had also been taken into account.

The draft decision had been previously published for public discussion. The Procedure will subsequently be subject to official approval by the NBU, after which it will be approved at a Commission meeting and registered by the Ministry of Justice.

The approval of this Procedure, together with the List of assets of Freedom Finance clients, will form a legal basis and define specific steps for the actual return of frozen funds. Clients will have a clear guideline and the opportunity to submit applications for the return of assets through their depository institutions and investment firms.

The Commission keeps on working consistently to restore access of investors to their assets and ensure fairness in the market.