[Last updated: 1 January 2024, unless otherwise noted]

As discussed above, foreign securities can be admitted to trading on the UX only upon obtaining a permit from the NSSMC for circulation of such securities in Ukraine. The requirements for admission of a foreign company's securities to circulation in Ukraine are set forth in the NSSMC's regulation "On Admission of Foreign Securities to Circulation in Ukraine" (the Admission Regulation).

According to the Admission Regulation, the following requirements must be satisfied in order to admit a foreign company's securities to circulation in Ukraine:

• The issue of the securities and/or a prospectus of the foreign company must be registered in the country of its incorporation and/or in a foreign country where the foreign company issued the securities.
• The securities of a foreign company must be issued outside of Ukraine and must be assigned with ISIN and CFI codes.
• The National Depository of Ukraine (the NDU) must confirm in writing that the securities will be accounted for at the NDU’s correspondent account opened with a foreign depository or international clearing and depository institution.
• The securities of the foreign company must be listed on a foreign stock exchange approved by the NSSMC (an Approved Foreign Exchange), which currently include the Network of Nasdaq, Inc Exchanges, the New York Stock Exchange, EU exchanges, the Hong Kong Exchanges and Clearing, London Stock Exchange, and Japan Exchange Group, Inc.

Once admitted to circulation in Ukraine, the securities of the foreign company can be admitted to trading on the UX.

The UX admission to trading requirements are provided by the UX rules, which are subject to the statutory exchange rules established by the NSSMC (the Exchange Rules).

There are no particular financial requirements in terms of profit, revenue, cash flow or market capitalization for admission to trading on the UX. However, in order to include the securities of a foreign company in the Stock Registry, certain requirements set forth in the Exchange Rules must be satisfied:

• The securities must be admitted by the NSSMC to circulation in Ukraine.
• The securities must be listed on at least one of the Approved Foreign Exchanges.
• The UX and the foreign company must enter into a stock exchange services agreement.

There are no ownership requirements specifically applicable to an admission to trading of a foreign company's securities, in terms of nationality or size of individual shareholdings. There are also no corporate governance requirements for a foreign company in order to qualify for admission of its securities to trading at the UX.

The UX does not appoint a broker for a company seeking admission to trading at the exchange. However, a foreign company must involve a broker for its admission to trading application. A foreign company is not typically required to conduct interviews with the UX.

There is no specific minimum number of security holders required for an initial admission to trading on the Stock Market segment. No minimum trading price is required.

The UX does not require shares to be placed into escrow (or otherwise be restrained from being traded, such as through "lock-in" or "lock-up" arrangements) in connection with the admission to trading.

There are no restrictions on the currency denomination of securities. However, securities can only be quoted in Ukrainian Hryvnia (UAH).