The NSSMC allowed the NPF to buy military bonds from primary dealers

The NSSMC has allowed institutional asset management companies to purchase Ukrainian government bonds denominated in foreign currency for non-state pension funds (NPFs), included in Annex № 3 to the NSSMC Resolution of 08.03.2022 № 144 without adherence to the principle of «supply against payment». The norm is valid for the period of martial law in Ukraine.

It is important that the following conditions are met during such operations:

• purchase of local loan bonds should take place at the primary dealer;
• the primary dealer is obliged to deliver the securities to the relevant account of the NPF no later than the second business day after receipt of payment for the securities.

The Resolution shall enter into force on the day of its publication on the NSSMC’s website and shall remain in force until the end of martial law in Ukraine. Text by link.