The NSSMC Established a Commission to Assess the Professional Suitability of Key Persons in the Capital Markets

The Resolution was adopted to establish a separate Commission for controlling the professional suitability of officials of professional participants in the capital markets and organised commodity markets.

The Commission will assess compliance of company executives, officials of internal control systems, and persons responsible for financial monitoring. Such assessments will be conducted through interviews.

The Resolution is temporary in nature and will remain in force until amendments are introduced to the NSSMC’s regulatory legal acts. Its purpose is to ensure proper control of professional suitability during the transitional period.

Until the regulatory framework is updated, the professional suitability of persons responsible for financial monitoring will be deemed confirmed provided that a document certifying mandatory attestation is available.

Subsequently, the NSSMC will develop a separate document to regulate this procedure on a permanent basis.