From 24 July 2024, the NBU will be able to open and maintain a nominee securities account for a foreign financial institution that meets the requirements of Ukrainian legislation and a securities account for a foreign custodian.
The opening of a nominee securities account for a foreign financial institution will allow the infrastructure of the domestic and international financial markets to be linked to ensure access of foreign capital to Ukraine.
This will pave the way for foreign investment in financial instruments issued for the reconstruction of the country. These include local government bonds, infrastructure bonds, bonds issued by international financial institutions and other debt instruments aimed at the reconstruction of Ukraine.
The NBU stressed that these changes will allow Ukraine to meet its obligations under the Memorandum of Understanding with the International Monetary Fund. For further details please follow the link.
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