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

October 15, 2015

Preview Citation

Format: Chicago

Ukraine: Technical Assistance Report - Enhancing the Powers and Independence of the National Securities and Stock Market Commission, (USA: International Monetary Fund, 2015) accessed September 20, 2024

Summary

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.

Subject: Budget planning and preparation, Financial institutions, Financial markets, Financial regulation and supervision, Legal support in revenue administration, Public financial management (PFM), Revenue administration, Securities, Securities markets, Securities regulation

Keywords: Budget planning and preparation, CR, Enforcement activity, Independence law, IOSCO principle, ISCR, Legal support in revenue administration, NSSMC chairman, NSSMC's funding, Securities, Securities markets, Securities regulation, Use of resource

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/284
Stock No:

1UKREA2015003
ISBN:

9781513508528
ISSN:

1934-7685

Notes

Also Available in Ukrainian

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