Combating abuse and promoting EU integration: key decisions by the NSSMC

Today, on 16 September, the National Securities and Stock Market Commission held its regular meeting and adopted Resolutions on all 30 items on the agenda.

Among the key decisions was the approval of amendments to regulatory legal acts aimed at combating market abuse in capital markets. The document provides for further updates to the rules in this area.

The Commission also approved an action plan for implementing the National Program for the Adaptation of Ukrainian Legislation to European Union Law (the EU acquis). This marks another step in the NSSMC’s systematic efforts to align Ukrainian regulations with European standards.

A separate set of decisions was related to professional participants in the capital markets. The Commission approved candidates for the positions of and to perform the duties of risk managers, compliance managers, executives, board members, and those responsible for financial monitoring at a number of companies.

They also considered issues related to corporate bonds, shares, and investment funds.

You can view the complete list of decisions made at this link.