The President of Ukraine, Volodymyr Zelensky, has signed a decree dismissing Ruslan Magomedov from the position of head of the National Securities and Stock Market Commission (NSC). The corresponding decree No. 1018 was published on the official website of the head of state, but the reasons for the dismissal are not specified in the document.
This is reported by Finway
Personnel Changes in the National Commission
Ruslan Magomedov has headed the NSC since February 2021. In recent months, there have been significant personnel changes within the commission. In particular, in October, NSC member Irakli Baramiya submitted a resignation request, and there was also a submission for the dismissal of another member, Maksym Libanov, whose term had expired.
At the beginning of December, President Volodymyr Zelensky was approached with a request to dismiss two more NSC members – Yuriy Boyko and Yaroslav Shlyakhov. Thus, if all four commission members leave their positions and no new appointments occur, the NSC may lose its quorum for decision-making.
Impact of Changes on the Commission’s Work
An important factor for the further operation of the NSC will be the entry into force of a new legal provision, which will take effect on January 1, 2026. According to this provision, before submitting a nomination for a new commission member, candidates must undergo a special selection committee. This could significantly increase the time required for making personnel decisions and restoring the full functioning of the regulator.
Moreover, as one of the NSC members told the Interfax-Ukraine agency, starting January 1, 2026, a provision of the new law will come into effect, stating that candidates must pass a selection committee before being nominated for a commission member, which may increase the time for this personnel decision.