UKRAINE: NSSMC Publishes New License Terms of Investment Firms

Thursday April 11 2024

On 9^th April 2024, the National Securities and Stock Market Commission (NSSMC) published new license conditions for the activities of investment firms.

The added terms of operation of investment firms were developed and approved to harmonize the conduct of professional activity in financial instruments trading with the requirements of legislation, in particular, the Law of Ukraine “On Capital Markets and Organized Commodity Markets”. And, for the implementation of the legislation of the European Union within the framework of the European integration of Ukraine.

The Commission draws attention to the fact that the adjustment to the new conditions will take place gradually. Investment firms have:

• bring the ownership structure into compliance with the requirements of the License Terms within 12^th or 18^th (in certain cases for some investment firms) months from the day following the entry into force of this Decision,
• to submit the relevant documents and information to the NCCPFR through the official communication channel no later than the last day of the 12^th or 18^th (in certain cases for some investment firms) of the month following the entry into force of this Decision.

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