“The National Securities Commission (NCSCFR) has decided to prohibit the withdrawal of securities of foreign issuers from Ukraine until the end of martial law from January 1.”, — write: epravda.com.ua
The National Securities Commission (NCSCFR) has decided to prohibit the withdrawal of securities of foreign issuers from Ukraine until the end of martial law from January 1. This was reported by the press service of the NCCPFR. The National Commission noted that this decision fulfills the IMF’s memorandum. The decision was agreed with the NBU. Operations with foreign securities are prohibited, with the exception of the following cases: Conducting corporate operations of the issuer; Alignment of the number of securities in the accounts of the Central Depository with the data of international depository institutions. “During eight months, the Commission held many meetings as part of the negotiation process with the IMF and NBU to find a satisfactory solution for the capital markets. We made a lot of efforts and today’s decision was a compromise, since the issue of a complete ban on the admission and trading of securities of foreign issuers was on the agenda on the territory of Ukraine,” said Iraklii Baramiya, a member of the National Committee of the National Committee of the Russian Federation for the Protection of Foreign Affairs and Trade. EP previously wrote more about this scheme. It consists in the fact that the investor bought US government bonds in Ukraine for hryvnia, and then instructed his broker to transfer them to a securities account in a depository abroad. When the time came to repay the bonds, the investor received a payment in US dollars to a bank account abroad. Read also: Ukrainians circumvent NBU currency restrictions with the help of the US government. Regulator reaction