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CMS Advises on Securities Clearing Infrastructure in Ukraine

CMS Advises on Securities Clearing Infrastructure in Ukraine

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CMS has advised DAI Global and the National Securities and Stock Markets Commission of Ukraine on the rules for clearing transactions with securities and licensing terms for clearing institutions.

According to CMS, “the new clearing rules and licensing terms for clearing institutions incorporate the novelties of the New Capital Markets Law that entered into effect on July 1, 2021 ... [It] is broadly based on provisions of key EU directives and regulations establishing rules for the operation of capital and financial markets, including MiFID II, EMIR, and MiFIR.” According to the firm, “the New Capital Markets Law aims to change the current financial market infrastructure and to create the new comprehensive legal framework for the proper functioning of the financial markets (capital market, money market, certain commodity markets, and the market for derivatives).”

DAI Global is a private development company that tackles fundamental social and economic development problems caused by inefficient markets, ineffective governance, and instability. It works with a wide range of clients, including national and local governments, bilateral and multilateral donors, private corporations, and philanthropies.

CMS’s team was led by Partner Ihor Olekhov and included Counsel Kateryna Chechulina and Associates Khrystyna Korpan and Iryna Kravchenko.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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