EU integration, financial competencies, and the capital market: highlights from the NSSMC meeting

Today, 24 September, the National Securities and Stock Market Commission held a meeting. The Commission considered 62 issues related to the regulation and development of capital markets, the activities of professional market participants, and securities.

Key decisions include:

EU integration and legislation. The Commission approved its reference notes on draft laws concerning the out-of-court resolution of consumer disputes, the implementation of European rules to combat tax evasion, and the attraction of a strategic foreign investor to Ukraine’s capital markets infrastructure.

Financial competencies for business. The NSSMC approved the Framework for financial competencies for entrepreneurs and micro- and small businesses in Ukraine.

Corporate bonds. The Commission considered a number of issues related to corporate bond issuances, including the registration of relevant reports from Persha Ukrainska Naftogazova Kompaniia, NovaPay Credit, and the financial company UNIT. It also reviewed the issuance of Series C corporate bonds and the base prospectus of the financial company Activitis.

In addition, the Commission considered issues related to professional market participants, investment funds, share issues, clearing activities, and certain regulatory decisions.

A full list of the decisions adopted is available at this link.