Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

National Securities and Stock Market Commission takes control of about 10% of exchange commodity market – head.

By the end of 2021, the National Securities and Stock Market Commission took control of about 10% of the commodity market, Head of the National Commission Ruslan Magomedov has said.

"There are areas, for example, agriculture, which we did not even undertake. Returning to the issue of salaries and people who prepare the standard and can do something, there is a very limited number of them. Now, I cannot increase it because of the meager salaries," the head of the National Commission in said an exclusive interview with Interfax-Ukraine.

"One can run faster, of course. You know, software developers have a saying: Fast, Cheap or Good? Pick Two. We now have high quality and cheap, so not fast. If there is a financial and personnel opportunity, we will run faster. There is no sense in reducing quality," Magomedov said.

He also said that the National Securities and Stock Market Commission needs additional powers, in connection with which he expressed hope for the adoption of bill No. 5865, which passed the first reading in parliament on December 14, in the first quarter of 2022.

"Commodity exchanges have been licensed in our country since July 1, and the Commission has already been accused of creating a monopoly [with the Ukrainian Energy Exchange]. But for some reason no one says that July 1 passed unnoticed for most commodity exchanges. They were trading and continue trading. The National Commission, as their new regulator, cannot even write them a request, because we do not have such powers," Magomedov said.

At the same time, the head of the National Securities and Stock Market Commission said that the regulator has already achieved good results in the timber market, and large volumes of exchange trading are also recorded in the energy market. According to the National Commission, since July 1, the value of contracts concluded on three licensed exchanges amounted to UAH 111.9 billion: the Ukrainian Energy Exchange – UAH 111.66 billion, and the Ukrainian Universal Exchange – UAH 320 million.

Magomedov recalled that recently the Ukrainian Interbank Currency Exchange received a commodity exchange license. "There were six packages of documents in total, three of them have already received licenses, I hope there will be one more soon – the Ukrainian Exchange," the head of the regulator said.

Related news
Shmyhal discuss holding Ukraine–Austria business forum.

Shmyhal discuss holding Ukraine–Austria business forum.

Prime Minister of Ukraine Denys Shmyhal had a telephone conversation with Federal Chancellor of Austria Karl Nehammer, during which the parties confirmed their intention to hold a Ukraine–Austria business forum.

UkrInform

M&M characters redesigned for a  «more dynamic, progressive world,»  Mars announces.

M&M characters redesigned for a «more dynamic, progressive world,» Mars announces.

M&M's iconic characters have gotten a modern makeover. The redesign is focused on creating a sense of belonging and community, Mars announced. CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for fr...

Jesse Watters thanks his 'Watters' World' viewers

Jesse Watters thanks his 'Watters' World' viewers

Jesse Watters thanks his loyal viewers and invites everyone to join him on 'Jesse Watters Primetime.' #FoxNews #Watters Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompas...

Judge Jeanine looks back at her southern border investigations.

Judge Jeanine looks back at her southern border investigations.

'Justice with Judge Jeanine' host takes a look back on her visits to the US-Mexico border. #FoxNews #JudgeJeanine Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a 24-hour all-encompassing n...

Despite Omicron, Asian Americans Get Ready for Lunar New Year.

Despite Omicron, Asian Americans Get Ready for Lunar New Year.

Some events canceled, others move ahead with precautions Originally published at -

1

What makes West Africa fertile ground for military coups - DW News.

What makes West Africa fertile ground for military coups - DW News.

Not long after the New Year began, another West African country announced yet a new attempted coup. The government of Burkina Faso said last week that it had averted a plot by armed forces to take over the country. Last year there were military ta...

1 14

UK accuses Russia of plotting to install pro-Kremlin leader to head Ukraine's government.

UK accuses Russia of plotting to install pro-Kremlin leader to head Ukraine's government.

Britain has accused Russia of a shadowy plot to install a pro-Kremlin government in Kyiv as Moscow weighs up a further invasion of Ukraine. In a highly unusual move that appeared to be based on specially declassified intelligence, the Foreign Offi...