The NSSMC specified the requirements for the disclosure of information during wartime

The NSSMC (National Securities and Stock Market Commission) approved another Resolution regarding the disclosure of regulated information by issuers of securities during martial law in Ukraine. The document also defines the terms of disclosure of special information and was adopted in connection with the entry into force of the new legislation.

During the war, the regulator exempted issuers from the obligation to disclose regulated information in accordance with the legislation and regulatory acts of the NSSMC.

After the end of martial law, issuers will have to submit regulated information in the following terms:

⁃ annual regular information for the 2021 reporting year – within 90 days after the end of martial law;

⁃ interim regular information for the corresponding quarter of 2022 – together with annual regular information for 2021.

The terms of disclosure of special information are specified due to the entry into force of the Law, which defines the conditions of the financial sector in connection with the introduction of martial law in Ukraine, namely:

⁃ special information about the facts that arose during the martial law before the entry into force of the Law is disclosed within 60 calendar days from the date of its entry into force;

⁃ special information about the facts that arose after the entry into force of the Law before the entry into force of the NSSMC’s Resolution No. 1159 is disclosed within 60 calendar days from the date of entry into force of the Law;

⁃ special information about the facts that arose after the entry into force of the NSSMC’s Resolution No. 1159 is disclosed in the terms, form and procedure in accordance with the requirements of Resolution No. 2826.

The NSSMC`s Resolution No. 1159 enters into force from the day of its publication on the official website of the NSSMC.

At the same time, the NSSMC recognized its previous Resolution No. 161 dated 13.03.2022  regarding the disclosure of information as invalid.