The NBU Depository is resuming transactions with government securities. Earlier, the same decision was made by the relevant capital markets regulator – the National Securities and Stock Market Commission.
Resuming the circulation of government securities as the main instrument for investment by the capital market participants will provide an additional resource for reconstruction of the economy. Moreover, resuming transactions with government securities will allow financial institutions to determine their market value.
At the same time, despite the absence of restrictions on transactions with government securities, the NBU has postponed the fees for depository services until 22 December 2022. This measure will allow the capital market participants to gradually adjust their business processes to the new conditions in the financial markets.
As before, the NBU Depository calls on its customers to minimize and, where possible, cancel fees for depositary services for their clients while no fees are charged by the NBU Depository in order to attract additional investment to support Ukraine’s financial frontline.
Said amendments were approved by NBU Board Resolution No. 173 On Non-applying Fees for Services (Transactions) Provided (Executed) by the National bank of Ukraine and Services Related to the Accounting and Circulation of NBU Certificates of Deposit, and Declaring Void Certain Regulatory Documents of the National Bank of Ukraine dated 6 August 2022, which comes into force on 7 August 2022.