The NSSMC optimised Committees and updated their structure

At the Commission meeting held on 14 January, the Resolution on Certain Issues of the Activities of Committees of the National Securities and Stock Market Commission was adopted. The document reduced the number of the NSSMC’s committees from 12 to 10 and clarified the areas of responsibility of the Commissioners.

In particular, through the merger of the Issuers Functioning and Corporate Governance Committee and Development and Implementation of Derivative Contracts Committee, the Functioning of Corporate Governance and the Development and Implementation of Financial Instruments Committee was established. The newly established committee will be chaired by Commissioner Maksym Libanov.

In addition, through the merger of two committees — Functioning of the Trading Infrastructure of the Capital Markets Committee and Functioning of Post-Trading Infrastructure of Capital Markets Committee — a single Functioning of Trading and Post-Trading Infrastructure of the Capital Markets Committee was established. Commissioner Iraklii Baramiia was appointed as its Chair.

It was also determined that the Committee on Functioning of Collective Investment Institutions and Accumulative Pensions Committee will be chaired by Commissioner Arsen Ilin.

These changes will help optimise activities, reduce the duplication of functions between committees, enhance the efficiency of decision-making, and ensure a more systematic approach to the development and regulation of the capital markets.