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Ukraine: Technical Assistance Report - Enhancing the Powers and Independence of the National Securities and Stock Market Commission

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  • International Monetary Fund

Abstract

This Technical Assistance Report discusses measures to enhance the powers and independence of the National Securities and Stock Market Commission (NSSMC) in Ukraine. The NSSMC faces significant challenges in its role as the regulator of the Ukrainian securities market. Market activity has been shrinking over the past few years, but misconduct—such as issuance and trading of “fictitious” securities—prevails. Key changes needed relate to enhancing the NSSMC’s ability to conduct investigations of and demand information from any legal or natural person, have access to information otherwise restricted by secrecy laws, assist foreign authorities even without an apparent violation of the Ukrainian securities laws, and maintain the confidentiality of information exchanged under the Multilateral Memorandum of Understanding.

Suggested Citation

  • International Monetary Fund, 2015. "Ukraine: Technical Assistance Report - Enhancing the Powers and Independence of the National Securities and Stock Market Commission," IMF Staff Country Reports 2015/284, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/284
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