The NSSMC develops, approves and enacts regulations in accordance with the relevant legislation of Ukraine, in particular, the Law of Ukraine on State Regulation of Capital Markets and Organised Commodity Markets.
The main principles of the NSSMC’s work are:
– openness and transparency of the regulatory process,
– justification and necessity of adopting regulations (legal acts),
– taking into account the opinions of capital market participants and organised commodity markets.
How is the regulatory framework formed?
– The NSSMC annually approves a plan of rulemaking activities, which contains a list of planned regulations,
– draft regulations go through the stages of development, discussion, coordination, approval and approval at the NSSMC’s meetings,
– pre-approved documents are published on the regulator’s website for public discussion and receipt of suggestions and comments.