{"id":1183218,"date":"2026-04-28T16:14:00","date_gmt":"2026-04-28T13:14:00","guid":{"rendered":"https:\/\/www.nssmc.gov.ua\/?p=1183218"},"modified":"2026-04-30T15:00:33","modified_gmt":"2026-04-30T12:00:33","slug":"ua-munitsypalni-oblihatsii-vidkryvaiut-novi-mozhlyvosti-dlia-hromad-pidsumky-zustrichi-nktspfr-ta-knf","status":"publish","type":"post","link":"https:\/\/www.nssmc.gov.ua\/en\/ua-munitsypalni-oblihatsii-vidkryvaiut-novi-mozhlyvosti-dlia-hromad-pidsumky-zustrichi-nktspfr-ta-knf\/","title":{"rendered":"Municipal bonds open up new opportunities for communities \u2014 highlights from the meeting between the NSSMC and the KNF"},"content":{"rendered":"<p>During a working visit to Poland, Oleksii Semeniuk, Chairman of the National Securities and Stock Market Commission, and Arsen Ilin, NSSMC Commissioner, met with representatives of the Polish Financial Supervision Authority (KNF).<\/p>\n<p>During the meeting, the sides discussed approaches to the regulatory framework for the capital market, including strategies for developing the municipal bond segment as a tool for raising funds for local communities.<\/p>\n<p>Particular attention was paid to the practical application of this instrument. In Poland, municipal bonds are used as a flexible alternative to bank lending and can be issued either publicly and listed on a stock exchange or through private placements, which are typically purchased by banks and pension funds.<\/p>\n<p>The sides also discussed the procedure for issuing municipal bonds, its specific features and differences from corporate bonds, as well as the requirements for issuers.<\/p>\n<p>The classification of capital markets according to FTSE standards was discussed separately. Poland was granted developed market status in 2018 and had it confirmed following a review in 2026. The meeting addressed the requirements for such a transition and the steps needed to enhance the market\u2019s investment attractiveness.<\/p>\n<p>The NSSMC is studying Poland\u2019s experience in regulating the municipal bond market with a view to adapting it for Ukraine. In particular, it was agreed to study in detail the experience needed for Ukraine to be granted frontier market status under FTSE standards.<br \/>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>During a working visit to Poland, Oleksii Semeniuk, Chairman of the National Securities and Stock Market Commission, and Arsen Ilin, NSSMC Commissioner, met with representatives of the Polish Financial Supervision&#8230;<\/p>\n","protected":false},"author":367,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,29,4,8],"tags":[],"class_list":["post-1183218","post","type-post","status-publish","format-standard","hentry","category-golovn-novini","category-mzhnarodne-spvrobtnitstvo","category-news","category-rozvitok-fnansovogo-rinka"],"_links":{"self":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1183218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/comments?post=1183218"}],"version-history":[{"count":2,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1183218\/revisions"}],"predecessor-version":[{"id":1183257,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/posts\/1183218\/revisions\/1183257"}],"wp:attachment":[{"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/media?parent=1183218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/categories?post=1183218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nssmc.gov.ua\/en\/wp-json\/wp\/v2\/tags?post=1183218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}