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

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

October 15, 2015

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 15/284

Subject:

Notes:

Also Available in Ukrainian

English

Publication Date:

October 15, 2015

ISBN/ISSN:

9781513508528/1934-7685

Stock No:

1UKREA2015003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

52

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