More opportunities for online investments: NSSMC issued a license to Multi-Investytsii” LLC

At its meeting on December 16, 2021, the NSSMC (National Securities and Stock Market Commission) issued a license for financial instruments trading  to “Multi-Investytsii” LLC. The company plans to launch its own mobile application for investors and will work in the areas of brokerage, sub-brokerage and investment consulting.

“We all already live in the digital world, we’ve been making all payments and phone purchases for a long time. The procedure for investing in securities used to be more complicated than managing such a bank deposit – it could be done through online banking, – says Yaroslav Shliakhov, the Commissioner of the NSSMC. – Now it is much easier to work with exchange-traded products, as more and more new capital market participants are introducing its instruments for accessible investment. And the fact that the Regulator is licensing new capital market participants, which will work in this area, confirms that we are moving in the right direction.”

According to the Ukrainian legislation and the developer’ plans, in order to invest with such an application, one must actually have such an application, a card or current hryvnia account in the bank and be a resident of Ukraine aged 18 or older. It is expected that this option will make it possible to work with all financial instruments – traditional and stock – from government bonds to securities of foreign issuers.

According to the Commissioner, this is the logical and right move for market participants. “I hope private investors will appreciate these opportunities,” he adds.