Ukraine: Technical Assistance Report-Regulation of Market Abuse and Issuer Disclosure Requirements
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Summary:
This Technical Assistance report examines regulation of market abuse and issuer disclosure requirements in Ukraine. The Ukrainian regulatory framework for market abuse and issuer disclosure requirements has significant gaps, whose impact is compounded by the National Securities and Stock Market Commission’s (NSSMC) lack of sufficient supervisory, investigative, and enforcement powers. This has contributed to overall lack of transparency and widespread misconduct in the market, including through issuance and trading of “fictitious” securities. To address the current challenges, the Ukrainian legislation needs to be aligned with the international standards to provide the NSSMC with sufficient means to require enhanced disclosures and combat market abuse.
Series:
Country Report No. 2016/242
Subject:
Financial institutions Financial instruments Financial markets Financial regulation and supervision Securities Securities markets Securities regulation Stock markets
English
Publication Date:
July 21, 2016
ISBN/ISSN:
9781498375504/1934-7685
Stock No:
1UKREA2016007
Pages:
38
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