The NSSMC has approved regular Resolutions on permitted operations in capital markets during the war

The NSSMC (National Securities and Stock Market NSSMC) continues to make operational Resolutions for the functioning of capital markets under martial law in Ukraine.

The regulator provided an opportunity to conduct transactions with new government securities under the international identification code “UA4000225874”.

The NSSMC has expanded the list of persons for whom investment firms must accept restrictions on the basis of an inspection, which must be carried out within 30 days after the end of martial law. In particular, these are:

• persons included in the list of persons connected with terrorist activities or in respect of whom international sanctions have been imposed;
• persons to whom special economic and other restrictive measures have been applied in accordance with Article 5 of the Law of Ukraine “On Sanctions”.

The NSSMC clarified the ability of the Central Depository to carry out certain administrative operations.

The NSSMC allowed depository institutions to be depositors of another depository institution to which a securities account with such a depository institution is opened as a resident legal entity for the accounting of government securities.

The Resolution shall take effect on the day of its publication on the NSSMC’s official website.  Text – by the link.