Commission presented for discussion the Regulations on SROs and amendments to licensing conditions in capital markets

The NSSMC approved the draft Resolution “On Approval of the Regulations on Self-Regulatory Organizations of Professional Capital Market Participants and Amendments to the Licensing Conditions for Professional Activities in Capital Markets.”

The draft Resolution proposes to approve the new Regulations on SROs, which specify:
● requirements for obtaining SRO status and a list of documents;
● a procedure for reviewing applications, terminating or revoking SRO status;
● the powers, rights, and obligations of SROs;
● a procedure for delegating and returning powers between the NSSMC and SROs;
● requirements for members, internal documents, and the code of ethics;
● a procedure for approving documents, supervising activities, and keeping the SRO Register.

The draft Resolution also approves amendments to seven licensing conditions for professional activities in capital markets related to voluntary membership of professional participants in SROs.

In addition, the document proposes to cancel the previous NSSMC Resolutions approved in 2013 (No. 2670) and 2015 (No. 1925), which regulated the activities of associations and the delegation of powers to SROs, and to define requirements for SROs whose certificates remain valid as of 01 January 2026.

Discussions on the draft Resolution will continue until 12 December 2025. Please send your comments and suggestions to the following email address: [email protected].

The proposed changes increase the transparency and efficiency of capital markets and SROs, introduce clear rules, simplify electronic interaction between participants, and update the regulatory framework. The full document is available at this link.