Leadership of National Securities and Stock Market Commission and PJSC “Stock Exchange PFTS” met on August 6, 2015. They discussed problems in fighting against manipulation and strengthening of requirements to listed securities during the meeting.
Bohdan Lupiy, Acting Chairman of PJSC “Stock Exchange PFTS”, expressed his full support of the regulator’s activities aimed at cleaning up of stock market from securities of issuers that violate legislation of Ukraine.
During the meeting, representatives of PFTS drew attention to the need of current legal norms improvement in part of counteraction against prices manipulation. Stock exchange also provided NSSMC with proposals which permit to regulate artificial influence over securities prices by unfair market participants.
Moreover, stock exchange PFTS provided NSSMC’s leadership with proposals to the draft Regulation on Flags of Fictitious Securities Issuers and Including of such Issuers to the List of Fictitious Securities Issuers, which was approved by the regulator in July. “The approach we propose will substantially widen possibilities of Securities Commission and promote creation of transparent and effective stock market”, Bohdan Lupiy, Acting Chairman of PJSC “Stock Exchange PFTS” noted.
Additionally, PJSC “Stock Exchange PFTS” itself reveals and excludes from stock exchange list the securities which don’t meet high corporate requirements. During such activities, PFTS has stopped turnover of more than 150 securities issues which issuers’ total cap amounts to 50 bil UAH.
PJSC “Stock Exchange PFTS” is one of the biggest securities trading organizers in Ukraine. It was established in 1996. It is uncontestable leader on the market for more than a decade. At the beginning of 2016, there were 74 professional participants of securities market-members of stock exchange (leading investment companies and banks). PFTS is a Correspondent of World Federation of Exchanges and a member of International Association of Exchanges in CIS countries. PFTS Index is an official index of Ukraine in S&P Emerging Markets since 1997. At the end of 2015, 37 Ukrainian banks, 30 individuals and 77 legal entities-non-banks were shareholders of PFTS.