NSSMC and NDU presented to the market a new model for registering shares through the Central Securities Depository

The National Securities and Stock Market Commission, in collaboration with the National Depository of Ukraine, presented to market participants a concept for a new model of registering share issues through the Central Securities Depository, which is designed to streamline the procedure.

Speakers from the NSSMC included Chairman Oleksii Semeniuk and NSSMC Commissioner Maksym Libanov; from the NDU, they included Chair of the Board Maryna Adamovska and Head of the Legal Department Olena Obzhelian.

“Our vector remains unchanged — entering the market should be simple. Today, the registration process can take months, and we want to reduce that timeframe to one or two weeks,” said Oleksii Semeniuk, NSSMC Chairman.

The concept calls for delegating some of the functions related to the registration of private share issues to the Central Securities Depository, while the Commission will focus on its supervisory role. The proposed model is based on the “single window” principle and provides for the digitization of the process without the duplication of documents by the institutions.

“We’re talking about optimizing a process that has remained virtually unchanged for over 20 years. The goal is to make it as digital and modern as possible while maintaining the necessary oversight,” said NSSMC Commissioner Maxym Libanov.

In the first phase, the new model is planned to be applied to the simplest cases, specifically the establishment of private joint-stock companies with a defined group of investors and the increase of authorized capital through profits or additional capital.

Legislative changes are needed to implement this concept. The Commission expects that, under an optimistic scenario, the new model could be operational by 2027 following the adoption of relevant decisions and technical preparations.

You can view the presentation materials on the concept by clicking this link.