Digitalization, new requirements for market participants, and corporate procedures: results of an NSSMC meeting

Today, on 13 August, the National Securities and Stock Market Commission held its regular meeting. The agenda included 36 items concerning legislative initiatives, regulatory framework, the activities of professional capital market participants, the registration of securities issues, corporate governance, and the Commission’s internal operations.

During the meeting, the Commission, in particular:

● reviewed the draft Law of Ukraine “On Digitalization” and related changes to the Budget Code of Ukraine;
● approved a new procedure for the approval of top officials and responsible persons of professional participants in capital markets;
● defined criteria for classifying enterprises as ones of significant importance to the capital markets sector and organized commodity markets.

A separate set of issues concerned the activities of professional market participants, the registration of stock and corporate bond issues, the approval of charters of venture capital corporate investment funds, as well as personnel approvals at asset management companies and other market participants.

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