Sub-custody guide: Ukraine

Sub-custody guide: Ukraine

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Market initiatives in Ukraine during 2014 consisted of further adjustments to the regulatory framework, implementation of sanctions against issuers whose shares exist in the documentary form, regulation of access of dual-listing companies to local stock exchanges and the issuance of bonds by international financial organisations.

Market regulator National Securities and Stock Market Commission (NSSMC) is to present a draft programme on the development of the Ukrainian stock market for 2015-2017, drawn up to be in line with Western requirements and standards.

Ukraine 2015

The important task for the next few years is the stimulation of investment inflows into the Ukrainian economy via the integration of the country’s stock market into global capital markets and the implementation of best European standards and practices, as well as principles recommended by Iosco, says Katherine Yevtushenko, relationship manager global securities services Ukraine at UniCredit.

“A renovated infrastructure is only the first step on the way to an efficient stock market,” adds Bohdana Yefremova, head of GSS Ukraine at Raiffeisen Bank International. “Systematic reforms involving the judiciary, tax and pension systems, liberalisation of currency legislation, and zero tolerance to corruption are the necessary pillars for future growth.” 

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