NSSMC participated in the working meeting of the Parliamentary Committee on LLC Freedom Finance Ukraine

Today, the management of National Securities and Stock Market Commission (NSSMC) took part in a working meeting of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy on the protection of the rights of LLC Freedom Finance Ukraine clients.

NSSMC provided MPs and invited participants with in-depth answers to questions about the problem of blocking the assets of LLC Freedom Finance Ukraine clients and outlined the current state of affairs.

NSSMC once again tried to convey the thesis that no Resolutions of the regulator are higher than the norms of the special Law of Ukraine on Sanctions. Therefore, the only way to resolve the problem of blocking the assets of LLC Freedom Finance Ukraine’s clients is to amend the current legislation. We hope that these arguments were heard by the members of the working group.

We would also like to emphasise that the problem of sanctioned financial service providers is much broader than the situation with LLC Freedom Finance Ukraine. Only the adoption of a law can systematically address the problem of the consequences of sanctions on a financial institution.

For our part, we ask the initiative group of investors to contact the regulator for a more detailed discussion of all issues and fruitful cooperation.

In order to really launch an effective mechanism, NSSMC will send the draft law to MPs for their consideration and introduction in accordance with the voting procedure in the parliament. We call on the members of the Verkhovna Rada of Ukraine to cooperate effectively to resolve this issue. After all, after the adoption of the law, thousands of clients of LLC Freedom Finance Ukraine will finally be able to receive their assets.