Simplification of procedures: securities of residents and non-residents will be accounted for on the same principles

It will be even easier to invest in government securities. The NBU (National Bank of Ukraine) in cooperation with the NSSMC (National Securities and Stock Market Commission) in response to the proposals of PARD (Professional Association of Capital Markets and Derivatives) and time needs, unifies approaches to accounting for securities rights of residents and nonresidents on aggregate accounts of depository institutions.

This will be another step in attracting a wide range of investors to trade in the domestic market.

It should be noted that in early March, the NSSMC greatly facilitated the opening of securities accounts for individuals. From now on, this can be done remotely: verify by mobile phone or e-mail and provide passport data.

And the transition to aggregate accounting of securities of non-residents instead of segregated will greatly simplify the service of foreign investors and will have a number of advantages. There will be no need to open separate accounts in the NBU depository, which will facilitate the administration of operations and minimize the involvement of specialists in the management of each individual foreign client. In turn, this will attract a wide range of people willing to invest in the economy of our country and make the bidding process as simple and efficient as possible.

The NBU has already initiated the necessary amendments to the Regulations on Depository and Clearing Activities and Ensuring the Settlement of Securities Transactions by the National Bank of Ukraine. The time of entry into force of the new rules will be announced later.