The National Stock Market and Securities Commission (hereinafter - NSMSC) has recently amended and approved an advanced Program on the Ukrainian stock market development for the years 2012-2014 (hereinafter - Program).

The Program’s key idea is determination of strategic directions of further reforming and substantial modernization of the Ukrainian stock market at all levels – legal, institutional and technological. It sets a series of priority-driven tasks for medium-term period and also necessary steps towards their implementation. In particular, the Program stipulates main NSMSC lines of activity required for effective and liquid local stock market and its continuous development, market infrastructure improvement and self-regulative principles, improvement of investors’ rights protection mechanism and perfection of state regulation and supervision on the stock market etc.

The Program has been developed in the network of the Ukrainian President’s Program of economic reforms for the years 2010-2014 and as for today it has been passed to the Ukrainian President for confirmation and approval.