The National Securities and Stock Market Commission warns of illegal activities in the construction financing market: the license of LLC FK ZHITLO-KAPITAL has been suspended

The Commission found systematic violations of relevant legislation by LLC FK ZHITLO-KAPITAL. In this regard, the NSSMC has repeatedly suspended their license to conduct professional activities in the capital markets.

All Resolutions are actively being appealed against by LLC FK ZHITLO-KAPITAL, while no corresponding actions are taken by it to eliminate violations and regulate its activities.

Thus, in May 2025, the Regulator once again suspended the license of LLC FK ZHITLO-KAPITAL for its failure to comply with a Resolution ordering it to eliminate violations of relevant legislation, namely: failure to bring the ownership structure into compliance with its License Terms.

During the suspension of the license, it is prohibited to create new construction financing funds and increase the number of construction projects in previously created CFFs. It is also prohibited to enter into new agreements with trustees.

At the same time, LLC FK ZHITLO-KAPITAL is not exempt from fulfilling its obligations to trustees with whom contracts have already been concluded.

We emphasize that, in the current conditions of a full-scale war, Ukraine faces the challenge of providing housing for millions of citizens affected by the Russian aggression. Therefore, one of the key tasks of the Commission is to continue active supervision of the housing construction sector in order to protect the rights of investors and monitor compliance with legislation.