Ukraine : Technical Assistance Report-Regulation of Market Abuse and Issuer Disclosure Requirements

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

July 21, 2016

Electronic Access:

Free Full Text (PDF file size is 533 KB).Use the free Adobe Acrobat Reader to view this PDF file

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. 16/242

Subject:

English

Publication Date:

July 21, 2016

ISBN/ISSN:

9781498375504/1934-7685

Stock No:

1UKREA2016007

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

38

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