Ukrainian Exchange plans to resume trading by end of November after over two-year suspension
The Ukrainian Exchange has registered updated operating rules and plans to resume trading by the end of November following a suspension that began in July 2024. The move comes after the appeal court suspended the regulator’s decision to cancel the exchange’s licence in September 2024.
Key points
- The Ukrainian Exchange registered updated operating rules approved on October 23.
- The exchange plans to resume trading by the end of November.
- Trading was suspended on July 8, 2024, and had not resumed by the publication of the article.
- Ukraine’s National Securities and Stock Market Commission cancelled the exchange’s licence on July 8, 2024, citing sanctions against a minority shareholder.
- The Court of Appeal suspended the commission’s decision on September 24, 2024.
- Freedom Holding remained the exchange’s largest shareholder with 24.265088% as of August 2026.
- Ukraine imposed personal sanctions against Freedom Holding’s ultimate beneficial owner Timur Turlov in October 2022.
Why it matters
The planned resumption would reactivate a key Ukrainian trading venue after more than two years of inactivity. It also completes an important regulatory stage, following the exchange’s registration of updated operating rules and the relevant documentation for a currency swap.
What happened
The Ukrainian Exchange registered updated operating rules approved on October 23 and plans to resume trading by the end of November. Its trading had been suspended on July 8, 2024, after the National Securities and Stock Market Commission cancelled the exchange’s licence because of sanctions against a minority shareholder. The Court of Appeal suspended the commission’s decision on September 24, 2024. Freedom Holding, linked to sanctioned individual Timur Turlov, remained the exchange’s largest shareholder with a 24.265088% stake as of August 2026.
How Ukrainian sources describe it
Ukrainian coverage focused on the regulatory process, the licence dispute and the planned return of trading. It also detailed the exchange’s shareholder structure and the connection between sanctions and one of its largest shareholders.
Background
The National Securities and Stock Market Commission had previously warned the Ukrainian Exchange about the risk of losing its licence due to breaches of licensing conditions. The appeal court suspended the licence-cancellation decision on September 24, 2024, and the Ukrainian Exchange later won the resulting two-year court case. The National Bank registered a currency-swap specification, while the exchange submitted the corresponding documents to the securities regulator.