The National Securities and Stock Market Commission (NSSMC) together with the National Depository of Ukraine announced the implementation of a new digital model for the registration of share issues. As a result, it is planned to significantly simplify procedures and transfer the process to a modern electronic format.
This is reported by Finway
Key Changes: Single Window and Reduced Timelines
The main goal of the reform is to significantly reduce the registration time for shares from several months to 1-2 weeks. This will be possible thanks to the implementation of the “single window” principle, which will avoid document duplication and reduce the number of approval stages for companies.
“The key idea of the reform is to reduce the registration time from several months to 1-2 weeks. This will be possible thanks to the implementation of the ‘single window’ principle, which will avoid document duplication and shorten the number of approval stages.”
Redistribution of Powers and Testing the New Model
As part of the changes, some powers for the registration of non-public share issues will be transferred to the Central Depository. In turn, the NSSMC will focus on regulatory and supervisory functions. Initially, the new model will be applied to basic situations — for example, during the establishment of private joint-stock companies with a defined circle of investors and when increasing the charter capital of companies. Gradual implementation will allow for system testing and avoid potential risks.
For the last twenty years, the mechanism for share registration has hardly changed, which significantly complicates business operations. The proposed model is designed to adapt the system to modern requirements — it aims to make processes more transparent, faster, and more convenient for companies.
For the full launch of digital share registration, changes to legislation are necessary. If adopted in the near future, the new system could be implemented as early as 2027. It is expected that the reform will enhance companies’ access to the capital market, reduce administrative costs, and contribute to the development of the investment climate in Ukraine.
It is worth noting that the Ukrainian population and businesses demonstrate a high level of trust in government securities. According to the Ministry of Finance, in the spring of 2026, the portfolio of domestic government bonds (OVDP) owned by citizens reached a historical maximum, exceeding 130 billion UAH.