Aequo advised DAI on developing regulations on infrastructural elements of the new securities market in Ukraine
Aequo team has been selected by DAI, a private development company working in 160 developing and transition countries in the areas of governance and public sector management, as well as financial services and trade, for developing regulations on infrastructural elements of the new securities market in Ukraine, and in particular, on trade repository.
The regulations are intended to transpose the relevant secondary EU law into the Ukrainian legal framework and facilitate a substantial increase in the liquidity of the local securities market.
Developing the regulation was necessitated as the Ukrainian parliament adopted the Law on Capital Markets and Organized Commodity Markets in summer 2020. DAI Global is responsible for implementing the USAID's Financial Sector Transformation Project, aimed at the development of this law, as well as assisting the National Securities and Stock Market Commission in drafting regulations implementing the law.
These regulations would impact significantly the Ukrainian financial sector. Introducing the trade repository into the Ukrainian financial market infrastructure is a significant step towards increased market transparency for capital and commodity markets. It aims to ensure efficient functioning of the market and mitigate risks to investors.