Translated by Ollie Richardson EADaily The mission of the International Monetary Fund (IMF) in Ukraine found substantial gaps in the regulatory framework of the National Commission on Securities and the Stock Market (NKTSBFR), which led to the violation of law, including on issuing fictitious securities. “The NKTSBFR of Ukraine has significant gaps (in the regulations), the impact of which is exacerbated by the lack of sufficient supervising, investigative, and enforcement powers,” stated the documents of the Fund. “This promoted a lack of transparency...
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