The National Securities and Stock Market Commission approved new rules for transactions in foreign currency government bonds.
National Securities and Stock Market Commission approved revised decision on the regulation of over-the-counter operations with domestic state loan bonds (OVDP) denominated in foreign currency. The initiator of the changes was the National Bank of Ukraine, and the innovations themselves were included in the updated Memorandum on cooperation between Ukraine and the IMF.
“We would like to draw the attention of market participants to the fact that the NCCPFR has approved a revised decision on the regulation of over-the-counter operations with domestic government loan bonds denominated in foreign currency”, says the message.
The document was supplemented with a provision according to which the requirements do not apply to the purchase and sale of foreign currency bonds, if one of the parties is a bank acting on its own behalf and with its own funds.
The new rules will come into effect on June 30. After that, for the period of martial law, it is prohibited for investment firms to carry out transactions for the purchase and sale of currency bonds (except for the initial placement) without applying the principle of “delivery of securities against payment” through the Settlement Center, as well as for depository institutions to conduct accounting operations under such contracts without a corresponding order or notification of the NBU.
