Ukrainian Delegation Visits Spain for Key Regulatory Talks
Led by Chairman Oleksii Semeniuk, a team from Ukraine’s National Securities and Stock Market Commission (NSSMC) traveled to Madrid for strategic meetings with Spanish authorities. During the visit, discussions focused on technical cooperation with Spain’s National Securities Market Commission (CNMV) and representatives of the Spanish exchange and financial infrastructure group (BME).
In a meeting with CNMV Chair Carlos San Basilio, both sides agreed to collaborate on adopting European standards and explored the advancement of digital financial technologies. Key topics included the structure of Spain’s capital market and the process for companies to go public, particularly through IPOs. The delegation also visited the headquarters of the International Organization of Securities Commissions (IOSCO), where the NSSMC signed the IOSCO Multilateral Memorandum of Understanding (MMoU).
New Opportunities and Collaborative Prospects
This agreement links capital market regulators from over 100 countries, granting the NSSMC the ability to exchange information with foreign counterparts. This includes access to data on ultimate beneficial owners and joint efforts to uncover cross-border violations such as market manipulation and insider trading.
The visit also addressed future cooperation between Ukrainian and Spanish securities markets, particularly the listing of Ukrainian companies in the agricultural and MilTech sectors on the Spanish stock exchange. The strategic objectives set during these meetings aim to create conditions that attract international investment for Ukraine’s reconstruction.
This mission underscores the critical role of global partnerships in Ukraine’s economic recovery and investment drive. By signing the IOSCO memorandum, the NSSMC unlocks new channels for data sharing and joint enforcement with regulators worldwide, which could significantly improve Ukraine’s investment climate. Deepening ties with Spanish partners also represents a major step toward integrating Ukraine’s capital market into the broader European economy.
As Ukraine seeks to strengthen its regulatory framework, the recent visit to Spain highlights the importance of international collaboration. In a similar vein, the Ukrainian delegation is also pursuing recognition for drug certifications, which underscores the broader efforts to enhance Ukraine's presence in global markets and foster trust in its regulatory practices.