REUTERS
The National Securities and Stock Market Commission (NSSMC) has withdrawn a license of one of Ukraine's largest stock exchanges, the PFTS, whose majority stockholder is the Moscow Exchange, according to the commission's press service.
"At its meeting on October 6, 2015, the NSSMC decided to cancel PJSC PFTS Stock Exchange's license for professional activity on the stock market to organize trading on the stock market," the press service said.
According to the commission, the decision is in line with the law on licensing of economic activity under which the documents confirming the fact that a company under review is controlled by other entities registered in territory of an aggressor country, Russia, could be a reason for terminating a license.
As UNIAN reported, a 50.02% controlling stake in the PFTS from the Moscow Exchange was planned to be sold to Ukrainian investment companies Favorit and Investment Capital Ukraine.
The NSSMC earlier cancelled a license of the Ukrainian Interbank Currency Exchange for professional activity on the Ukrainian securities market and fined it UAH 17,000.