Sanctions Against Depository Institution: New Rules
· WOWERI
NCSPFR has established a new procedure for applying sanctions against a depository institution, including stopping operations and public disclosure.
Introduction of New Sanctions Procedure
The National Commission on Securities and Stock Market (NCSPFR) has established a new procedure for applying sanctions against depository institutions. This procedure includes stopping operations, public disclosure, and other measures.
Key Provisions of the New Procedure
The new sanctions procedure includes the following key provisions:
- Stopping operations: the depository institution must stop all operations related to sanctions.
- Public disclosure: the depository institution must publicly disclose information about sanctions and their impact on its activities.
- Reporting: the depository institution must provide regular reports on its activities and measures taken to comply with sanctions.
Impact on the Capital Market
The new sanctions procedure may have a significant impact on Ukraine's capital market. Depository institutions must be prepared to stop operations and publicly disclose information, which may lead to a loss of investor confidence and reduced market liquidity.
What to do next
Source: biz.ligazakon.net