The NSSMC: Association “Ukrainian Stock Traders” has lost its SRO status

The NSSMC (National Securities and the Stock Market Commission) has approved a number of Resolutions that deprive the Association “Ukrainian Stock Traders” of the status of a self-regulatory organization due to non-compliance with the requirements for conducting activities on the capital markets.

The NSSMC revoked the Certificate of the self-regulatory organization of professional stock market participants Association “Ukrainian Stock Traders” for the following types of professional activity:

– trading in securities (the Resolution of the NSSMC №926 of July 21, 2022).

– depositary activity (the Resolution of the NSSMC №927 of July 21, 2022).

The reason for the revocation was the Association’s failure to bring its activities and internal documents into compliance with the requirements of the updated Regulation on the Association of Professional Stock Market Participants.

The NSSMC also revocation the registration of the association of professional stock market participants and canceled the certificate of registration of the association of professional stock market participants Association “Ukrainian Stock Traders” for the following types of professional activity:

– trading in securities (the Resolution of the NSSMC №928 of July 21, 2022);

– depository activity (the Resolution of the NSSMC №929 of July 21,2022).

The reason is non-compliance with the requirements of the association’s charter.

The NSSMC draws attention to the fact that licensees who are members of the Association “Ukrainian Stock Traders” and are not members of other SROs must within three months to become a members of another SRO for the relevant type of activity.