Regulatory Alerts2025-12-19 | 09/21/3408/К03Added · Updated
On Approval of the Procedure for Authorization of Rating Agencies and Maintenance of the Register of Authorized Rating Agencies
The National Commission for Securities and Stock Market approves the Procedure for the authorization of rating agencies and the maintenance of the Register of Authorized Rating Agencies, establishing organizational, ownership, and personnel requirements for agencies seeking to issue public credit and sovereign ratings in Ukraine. The decision grants automatic authorization status to agencies already in the State Register as of January 1, 2026, requiring them to align their activities with the Law on Rating and submit internal documents by January 1, 2027. The regulation mandates strict transparency in ownership structures, prohibits involvement of entities linked to aggressor states or sanctioned persons, and imposes rigorous integrity and professional qualification standards on management and compliance personnel.
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