New Opportunities for Businesses: Companies to Be Allowed to Outsource Certain Functions

The National Securities and Stock Market Commission has approved new rules allowing professional market participants to officially engage external specialists or companies to perform specific tasks (i.e., to outsource services).

The new rules establish clear requirements: the external service provider must possess sufficient resources, qualified personnel, and an impeccable business reputation. Its area of activity must align with the work entrusted to it.

This is a significant step toward aligning Ukrainian legislation with EU standards. Transparent rules will enable companies to legally optimize their costs without compromising the interests of investors.

The core principle of the new requirements is that while companies may engage third-party contractors, they cannot delegate responsibility to them. Even if a company outsources functions such as internal audit or IT, it remains solely accountable to clients and the NSSMC for the final outcome.