Ukrainian Capital Markets Association (UCMA) was founded on January 14, 2016 (certificate # 1453278) as a Public Association on Ukrainian Law (March 22, 2012 # 4572-VI). UCMA entered into the Register of non-profit organizations (the decision of the State Tax Inspection in the Pechersk district of the Main Directorate of the DFS in the city of Kyiv, # 568 dated 20.04.2017). The name “Ukrainian Capital Markets Association (UCMA)” is the intellectual property of the organization and official trademark registered in the State Register of Certificates of Ukraine on July 28, 2021 (certificate # 302308).
Ukrainian Capital Markets Association (UCMA) mission is creating efficient equity and debt capital markets in Ukraine.
The main activities are:
- Promotion of European integration of Ukraine
- Development and advocacy of laws
- Examination of draft regulatory legal acts
- Conducting webinars and workshops
- Informational partnership
- Capital markets analysis
UCMA unites 41 members (individuals and companies). The average age of individual members is 55 years, they are specialists in the fields of economics, finance, law, working in both universities and companies in the capital markets. Many UCMA members have experience in international technical assistance projects. UCMA members include eight PhDs. UCMA member companies include asset management companies, investment, audit, consulting and law firms. UCMA is an associate member of the Ukrainian Business Council, Ukraine’s largest association of 110 leading business associations, including the Oil and Gas Association of Ukraine, the Ukrainian Liquefied Gas Association, and the Professional Capital and Derivatives Markets Association.
UCMA are no permanent staff. Activities are based on the formation of teams from among UCMA members and invited specialists to carry out the tasks of a specific projects, which can be initiated by both the UCMA Board and an external customer.
Main results in the last years:
2019 – proposals for the second reading of the Draft Law on Amendments to Certain Legislative Acts of Ukraine on Simplification of Investment Attraction and Introduction of New Financial Instruments were developed, submitted and adopted (Register No. 2284 of 10/17/2019); jointly with the DESPRO project published manuals “Financial Instruments: Municipal Bonds Issuance” and “Financial Instruments: Bond Transactions”; 5 seminars and workshops were provided jointly with partners; Study-tour in Poland “Experience of Municipal Bonds Issuance”
2020 – research “Assessment of the National Securities and Stock Market Commission public relations”; jointly with the DESPRO project published manuals “Financial Instruments: International Experience of Municipal Bonds Issuance” and “Financial Instruments: Revolving Funds”; Social Bonds Review; 10 webinars and workshops were provided jointly with partners; information partner of 9 events held by the Ukrainian Federation of Professional Accountants and Auditors, the Ukrainian Lawyers Association, the Ukrainian Bar Association, the Ukrainian Chamber of Commerce;
In the end of 2021 UCMA received a grant from the International Renaissance Foundation for project “Green bonds as a new financial instrument to support environmental projects at the local level”. Project activities include: holding a separate panel in the framework of the I Ukrainian Municipalities Financiers Forum; publication of a manual for local governments on green bond issues. This project successfully ended in 2022.