Recent Posts
- Ukraine recovery should be based on development of territorial communities, innovations, involvement of professional domestic community – results of ESUR forum 29.06.2023
- Ukraine repatriates five more seriously wounded Russian POWs 10.04.2023
- Rada intends to include history of Ukraine, foreign language in final certification for general secondary education 10.04.2023
- Rada terminates protocol on joint anti-terrorist measures in CIS territories for Ukraine 10.04.2023
- 100 Ukrainians, incl defenders of Mariupol, returned according to swap procedure – Yermak 10.04.2023
Securities commission issues about 200 individual permits for operations
KYIV. April 29 (Interfax-Ukraine) – The National Securities and Stock Market Commission of Ukraine has issued about 200 individual permits for certain transactions at the request of market participants since the start of the war, commission member Yuriy Boiko said at a meeting with members of the European Business Association.
"We are considering promptly, if I may say so, 24/7: each request must be checked, the registers and circumstances must be looked at. Sometimes the commission even met at 02:00 in the morning," he said.
The head of the commission, Ruslan Magomedov, recalled during the meeting that since the beginning of the war, the regulator had banned all operations on the market, and then allowed the purchase of war bonds.
Over time, the commission introduced the practice of issuing individual permits to stimulate economic growth, finance defense needs and other important projects.
As Boiko clarified, among the issued permits there are examples – about 5-7 – of approved new investors, when they entered investment funds, which then invested, primarily in agribusiness.
The commission member also added that there were separate permits for direct investment – the purchase of 10-20-30% or even 100%: although the unified state register does not work, there are provisions in the Civil Code that allow such actions to be carried out according to the protocol.
At the same time, Boiko noted that the National Securities and Stock Market Commission rejected a number of requests, since they were related to attempts to withdraw funds, for example, for individual entrepreneurs or for construction in a zone of active hostilities.
He stressed that all information is being intensively checked that among the participants in these operations there were no residents of the aggressor country or persons associated with them, and this is another reason why the lifting of the general ban on operations is not yet considered. The commission member recalled that by a recent decision, it ordered asset management companies to monitor each fund and counterparty for "Russian ties."
