Monday June 2 2025
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Ukraine
On 28th May 2025, the National Securities and Markets Commission (NSSMC) informed about upcoming changes in the regulation of over-the-counter transactions with foreign currency government bonds at the request of the International Monetary Fund (IMF).
In order to fulfill the obligations specified in the Memorandum between Ukraine and the International Monetary Fund (IMF), the Commission approved for publication a draft regulatory act that provides for a change in the settlement mechanism for over-the-counter transactions with government bonds denominated in foreign currency.
The corresponding requirement was formed by international partners at the initiative of the National Bank in order to strengthen control over currency transactions.
According to the National Bank of Ukraine (NBU) proposal, non-bank financial institutions will be required to carry out transactions with foreign currency government bonds exclusively under the “delivery versus payment” (DVP) mechanism through the Settlement Center.
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