NSSMC approved new requirements regarding ownership structure and business reputation

At its meeting, the Commission approved the Regulations on the ownership structure of legal entities, the procedure and conditions for obtaining NSSMC approval for significant participation in professional participants in capital markets and organized commodity markets.

The document unifies the requirements for ownership structure for two groups of legal entities: those that agree to significant participation and those that obtain a license. The Regulations envisage the following:
● establishing requirements for the ownership structure, disclosure thereof, and business reputation of legal entities that submit documents for obtaining a license or already have one, as well as legal entities and individuals with significant participation or the intention to acquire or increase it;
● defining the procedure and conditions for obtaining NSSMC approval for significant participation in a professional participant, as well as for the intention to acquire or increase it;
● a clarification that the licensing conditions for professional activities in capital markets and organized commodity markets apply only to the extent that they do not conflict with these Regulations.

It was also determined that professional participants in capital markets and organized commodity markets must bring their ownership structure into compliance with the requirements of the Regulation within one year of its coming into force (01 February 2026).

Implementation of requirements of the Regulations strengthens investor confidence and contributes to the stability of the financial system. The Commission continues to work systematically on updating its regulation to make capital markets and organized commodity markets more transparent, predictable, and secure for all participants.