Decision on Amending the Procedure for Appointing an Interim Head of the Executive Body of Professional Market Participants During Martial Law

NATIONAL COMMISSION FOR SECURITIES AND STOCK MARKET DECISION Kyiv On Amending the Procedure for Appointment by the National Commission for Securities and Stock Market of an Interim Head of the Executive Body of a Professional Participant of Capital Markets, a Professional Participant of an Organized Commodity Market, a Person Engaging in Activities Related to Capital Markets and Organized Commodity Markets, for the Period of Martial Law

In accordance with Article 6, Paragraph 110 of Part One of Article 7, Article 39 of the Law of Ukraine "On State Regulation of Capital Markets and Organized Commodity Markets", with the aim of improving the regulatory framework of the National Commission for Securities and Stock Market and promoting the stability of capital markets,

The National Commission for Securities and Stock Market HAS DECIDED:

1. To make the following change to the Procedure for Appointment by the National Commission for Securities and Stock Market of an Interim Head of the Executive Body of a Professional Participant of Capital Markets, a Professional Participant of an Organized Commodity Market, a Person Engaging in Activities Related to Capital Markets and Organized Commodity Markets, for the Period of Martial Law, approved by Decision No. 521 of the National Commission for Securities and Stock Market dated April 26, 2024:

Supplement paragraph 5 of Section I with new paragraphs of the following content:

"During the period of martial law, in the event of appointment of an interim head on the grounds provided for in the third paragraph of sub-paragraph 1 of paragraph 2 of Section II of this Procedure, the term for which the interim head is appointed may be extended by a resolution of the Commission. Such term shall not exceed 90 days from the date of termination or cancellation of martial law.

An additional agreement to the contract between the interim head and the Commission shall be concluded regarding the extension of the term for which the interim head is appointed."

2. The Management of Administrative Activities shall ensure the publication of this decision on the official website of the National Commission for Securities and Stock Market.

3. This decision shall enter into force from the day following the day of its official publication.

4. Control over the implementation of this decision shall be vested in a member of the National Commission for Securities and Stock Market Ya. Shliakhov.

Chairman of the Commission Ruslan MAGOMEDOV

Protocol of the Commission meeting dated 05.12.2025 No. 113