NSSMC proposes to simplify the registration of non-public share issues

Currently, the procedure for registering non-public share issues in Ukraine is very complicated and costly. For small and medium-sized companies, as well as businesses in the early stages of development, this often becomes a serious obstacle to raising capital. As a result, companies either abandon shareholder financing altogether or seek informal and non-transparent ways to raise funds.

That is why the Commission proposes to introduce a simple, fast, and digital mechanism for registering non-public share issues. This means transferring the function of initial registration of such issues to the Central Securities Depository, which is a key element of the stock market infrastructure.

According to a new mechanism:
– non-public share issues will be registered with the Central Securities Depository without prior approval from the regulator;
– the procedure will be based on the submission of a standard set of documents and fully electronic interaction;
– the NSSMC will exercise supervision after registration, focusing on risk-based control.

In this way, it will be possible to reduce registration times from months to a few days, reduce costs for businesses, and make shareholder financing more accessible and transparent. This will also create the conditions for further development of the capital market and the gradual entry of companies into the public market.