National Securities Commission orders professional participants to stop operations

The National Securities and Stock Market Commission of Ukraine has instructed asset management companies, asset custodians of joint investment institutions and asset custodians of private pension funds to stop transactions with their assets.

As stated in the report of the commission on Thursday, administrators of private pension funds are obliged to stop operations in the systems of personalized registration of participants in private pension funds and immediately ensure the transfer of copies of the original information arrays of personalized registration systems for participants in private pension funds to the Agency for the Development of Stock Market Infrastructure of Ukraine in the form of archive files in the format.

The same order to stop operations and transfer copies of original documents was given to companies engaged in property management activities to finance construction projects and / or real estate transactions.

Source: www.en.interfax.com.ua