Individuals in Ukraine will be able to buy and sell foreign securities

Not only big investors, but also individuals in Ukraine now have access to foreign securities.

Resolution No. 871 allowing individuals in Ukraine to buy foreign securities, sell, present or give them by will became effective on February 6, the press service of the National Depository of Ukraine (NDU) has said.

Read alsoPoroshenko enacts law to ease rules for doing business, investment"As a result, securities' access to the [Ukrainian] market has been liberalized. Now all that a [foreign] issuer needs to do for obtaining permission from the National Securities and Stock Market Commission for securities of a foreign company is to fill in a standard application form. The collection of other information and the introduction [of the securities] on the Ukrainian stock market are handled by the NDU. No limits on the number of securities in circulation are set for their owners yet," NDU CEO Mindaugas Bakas said.

The decision also cancelled restrictions on the volume of foreign securities admitted to circulation on the Ukrainian market.

Any number of securities of an authorized issue can be put into circulation in Ukraine.

What is more, the circulation of securities is not limited to stock exchanges.

Thus, both buyers and sellers can now freely negotiate deals directly.

Securities can also be given away or by will.

In addition, the procedure for the authorization of foreign securities on the Ukrainian market has been simplified substantially, as not only a foreign issuer but also the NDU itself can initiate the vetting.