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Business welcomes the decision to resume securities trading

09/ 08/ 2022
  On August 8, Decision No. 1053 of the National Commission on Securities and Stock Market entered into force. It canceled temporary restrictions on transactions in capital markets and organized commodity markets that were introduced on February 24, 2022, in connection with martial law. This means that transactions with securities have been resumed. From the first day of the war, the National Commission introduced the mentioned restrictions in order to ensure the possibility of saving data and property rights, as well as preserving the prerequisites for the rapid recovery and full operation of the market in the future. Earlier, the Commission simplified the procedure for identification of persons when purchasing government bonds and the procedure for their purchase for non-residents. Together with the NBU, the regulator unified the approaches to the accounting of securities of residents and non-residents in the aggregated accounts of depository institutions. The Commission also extended the terms of validity of trade union members certificates, postponed the deadlines for fulfilling regulatory requirements, allowed general meetings to be held remotely, and switched to e-document management. The European Business Association appealed to the regulator back in April with proposals for the complete cancellation of temporary restrictions or the expansion of the list of permitted operations. Until now, issues regarding the approval of individual transactions on the capital market and organized commodity markets were processed manually. Therefore, business would like to thank the National Commission, the National Bank, and the Cabinet of Ministers of Ukraine for listening to the opinion of the community and restoring the work of the securities market.

On August 8, Decision No. 1053 of the National Commission on Securities and Stock Market entered into force. It canceled temporary restrictions on transactions in capital markets and organized commodity markets that were introduced on February 24, 2022, in connection with martial law. This means that transactions with securities have been resumed.

From the first day of the war, the National Commission introduced the mentioned restrictions in order to ensure the possibility of saving data and property rights, as well as preserving the prerequisites for the rapid recovery and full operation of the market in the future.

Earlier, the Commission simplified the procedure for identification of persons when purchasing government bonds and the procedure for their purchase for non-residents. Together with the NBU, the regulator unified the approaches to the accounting of securities of residents and non-residents in the aggregated accounts of depository institutions. The Commission also extended the terms of validity of trade union members’ certificates, postponed the deadlines for fulfilling regulatory requirements, allowed general meetings to be held remotely, and switched to e-document management.

The European Business Association appealed to the regulator back in April with proposals for the complete cancellation of temporary restrictions or the expansion of the list of permitted operations. Until now, issues regarding the approval of individual transactions on the capital market and organized commodity markets were processed manually.

Therefore, business would like to thank the National Commission, the National Bank, and the Cabinet of Ministers of Ukraine for listening to the opinion of the community and restoring the work of the securities market.

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