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NBU to remain shareholder of National Depository for now, but ready to consider proposals of strategists on Settlement Center
KYIV. Sept 17 (Interfax-Ukraine) – Foreign investors are showing interest in the activities of the central counterparty in the Ukrainian capital market, and the National Bank of Ukraine (NBU) is ready to consider the possibility of full withdrawal from PJSC Settlement Center (Kyiv), where it owns 77.7897% of shares, Deputy Governor of the NBU Yuriy Heletiy has said.
"However, the main condition is that the investor contributes to the development of the Settlement Center," he said at the conference entitled "Prospects and Realities of the Modern Digital World" organized by the Settlement Center, the National Depository and the Professional Association of Capital and Derivative Markets Participants (PARD) in Kyiv.
The deputy governor of the NBU recalled that the law on the capital market (No. 738-IX on facilitating the attraction of investments and the introduction of new financial instruments), which came into force on July 1 this year, lifted the Settlement Center’s monopoly on clearing activities.
As for the blocking stake in the National Depository of Ukraine (NDU, Kyiv), Heletiy said that the NBU will remain its shareholder for at least a year after the transfer of accounting of domestic loan government bonds to the NDU, while now they are recorded by the National Bank’s depository.
According to him, such a transfer of domestic loan government bonds is possible "in the medium term," meanwhile, in accordance with Law No. 738-IX, the first step will be the transfer of municipal bonds from the depository of the National Bank to NDU this year.
Heletiy said that there are different opinions regarding the optimal share of the NBU in the National Depository, including opinions of international consultants, from increasing the share of the NBU to its full withdrawal from the capital.
