National Securities and Stock Market Commission of Ukraine (NSSMC) joins SBN
The National Commission on Securities and Stock Market (NSSMC) joined SBN in July 2020. NSSMC is a state collegiate body subordinated to the President of Ukraine and accountable to the Verkhovna Rada of Ukraine. NSSMC aims to establish, through its regulatory and supervisory functions, the grounds for the efficient and effective functioning of the capital markets, facilitate private and institutional investments in the securities market, and protect investors’ rights and interests.
NSSMC is committed to promoting sustainable finance in Ukraine by developing the Sustainable Finance Roadmap and adopting green finance guidelines. The focuses include green bonds and other sustainability bonds, as well as ESG Disclosure Guidelines and ESG Scorecard to monitor implementation of the Corporate Governance Code of Ukraine (CG Code). This CG Code addresses environmental and social aspects and results from the joint work of NSSMC with Ukrainian Corporate Governance Academy (UCGA) and IFC. IFC and NSSMC also plan to develop a Supplement to the CG Code “Governance and Sustainable Development”, which will serve as additional guidance for local corporates to develop their internal ESG framework. Along with these regulatory initiatives, NSSMC, with support of IFC, plans to launch an active awareness-raising campaign on sustainable finance and collaborate with a wide range of stakeholders in Ukraine.