The NSSMC has issued a commodity license to the Ukrainian Universal Exchange

Today, September 30, 2021, the NSSMC (National Securities and Stock Market Commission) at its regular meeting has adopted a resolution on issuance of licences to carry out professional activities in the organized commodity markets – activities on organization for trading of products at commodity exchanges LLC “Ukrainian Universal Exchange”.

The NSSMC has registered new rules of the company and regulations on the Exchange Supervisory Board, which comply with current legislation.

In particular, the exchange has the right to: develop and approve the rules of the commodity exchange; form subdivisions, committees, commissions, exchange sections, etc. and approve regulations on them; develop standard terms of exchange transactions; suspend for a while or stop exchange trading with a certain exchange commodity, etc.

“Today we received one more licensee in the commodity markets, which passed the registration procedure under the new rules of current legislation. We are glad that there are companies on the market that enter such a technologically complex business and are ready to invest both financial resources and specialized expertise”, – Ruslan Magomedov, the Chairman of the NSSMC, said.

It is to be recalled that according to requirements of the Law of Ukraine No. 738-IX dated June 19, 2020 On Amendments to Certain Laws of Ukraine to Simplify Investment Attraction and Introduce New Financial Instruments, from July 01, 2021 commodity exchanges must pass the licensing procedure in the NSSMC, in case of their wishing to continue perform such activities.