Diia City Invest and personal investment accounts. The NSSMC is working on the introduction of new financial instruments

This was discussed during the speech of Ruslan Magomedov, Chairman of the National Securities and Stock Market Commission, at the FinYear conference organised by the Ministry of Finance and finance.ua.

The discussion focused on expanding investment opportunities and creating modern financial instruments for this purpose. In particular, Chairman reminded that the draft law No. 8111 on personal investment accounts has been in existence for two years and it is time to return its discussion to the agenda.

«Individual investment accounts are exactly the tool that will not compete with domestic government bonds, but will help fill the state budget. This is a modern instrument that is a global practice. It will help the state to get «long money» for economic development, businesses to get additional capital, and investors to get an effective tool for tax-free investments», said Ruslan Magomedov.

The NSSMC Chairman also announced another project jointly with the Ministry of Digital Transformation – Diia City Invest.

The idea is currently at the development stage, but in the long run, it can become a powerful driver for attracting investment in Ukrainian startups that are residents of Diia
City residents.

«Today, Ukrainian business is developing rapidly, and creating conditions for this process is the key to a strong economy. Therefore, this project is about simplified registration of a venture fund for investment, without the involvement of an AMC. The number of participants in such a fund will not exceed 20 people, and the amount of investment cannot exceed UAH 50 million. In this way, we will support young, progressive ideas and create an effective tool for market development», Ruslan Magomedov summed up.

He also thanked the organisers of the event and stressed that such platforms allow the state and participants to discuss the development of capital markets and build a sustainable partnership.