UKRAINE: NSSMC Prepares to Present a New Law on Financial Market Infrastructure

Friday February 27 2026

On 26^th February 2026, the National Securities and Stock Market Commission (NSSMC) with the technical support of the European Bank for Reconstruction and Development (EBRD) and legal advisors, together with Ernst & Young, developed a concept for a new draft Law of Ukraine “On Financial Market Infrastructure”.

The draft law is being prepared within the framework of Ukraine’s European integration obligations and provides for the implementation of EU norms in the field of capital market infrastructure.

The concept proposes a single legislative framework for the activities of the central depository, central counterparty, settlement systems and financial security. It also provides for the integration of provisions on the pilot regime for the use of distributed ledger technology (DLT).

The purpose of the draft law is to increase the stability and reliability of the capital markets infrastructure and bring regulation closer to EU standards.

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