Investment companies prohibited from buying, selling govt foreign-currency bonds in Ukraine

MOSCOW. June 16 (Interfax) - The Ukrainian National Securities and Stock Market Commission has updated the rules for over-the-counter transactions with government foreign-currency bonds, and the new rules will take effect on June 30, Ukrainian media said.

"The document has been augmented with a clause, which says that the requirements do not apply to the purchase and sale of government foreign-currency bonds if one of the parties is a bank acting on its own behalf and at its own expense," the media said, citing the commission's statement on a social network.

During martial law, investment companies are prohibited from buying or selling government foreign-currency bonds (except for primary placement) unless on the terms of "delivery of securities against payment" through the Settlement Center, as well as depository institutions from carrying out accounting transactions under such agreements without an order or notification to the National Bank of Ukraine, the commission said.

The National Bank of Ukraine initiated the adjustments, which are also part of the updated memorandum of cooperation between Ukraine and the International Monetary Fund, it said.