[Last updated: 1 February 2026, unless otherwise noted]
Ukrainian law does not impose any specific financial requirements (such as profits, revenue, cash flow, or market capitalization) for admitting securities to trading on the main operations markets of the Ukrainian stock exchanges (PFTS Stock Exchange (PFTS) and Stock Exchange "Perspektyva" (Perspektyva), each of PFTS and Perspektyva, a SE, and together, the SEs). SEs may set their own additional requirements.
Securities may be added to the stock registry of any of the SEs if the following requirements set forth in the statutory exchange rules established by the National Securities and Stock Market Commission (the NSSMC) are satisfied:
- The securities must be admitted by the NSSMC to circulation in Ukraine.
- The securities must be listed on the main market of a foreign stock exchange approved by the NSSMC (an Approved Foreign Exchange), which currently includes 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.
- The SE and the foreign company must enter into a stock exchange services agreement.
[Last updated: 1 February 2026, unless otherwise noted]
Assets. Foreign issuers are not required to possess any assets in Ukraine.
Listing on a primary exchange. Shares of foreign issuers must be listed on at least one Approved Stock Exchange.
Free float / Minimum number of shareholders. Foreign issuers seeking admission to trading on the SEs are not required to have any stocks in free float.
Accounting Standards. Issuers must comply with IFRS.
Financial statements. The issuer's audited annual financial statements for the last completed year and the auditor's certificate must be available.
Agreement with the SE. A foreign issuer must enter into a stock exchange services agreement with the SE compliant with the requirements of the NSSMC.
Prospectus. A prospectus registered by the listing authority in the issuer's jurisdiction or in the jurisdiction where its shares are admitted to trading must be made available.
[Last updated: 1 February 2026, unless otherwise noted]
Shares of a foreign company are admitted to trading on the SE by way of adding them to the Stock List. Securities may also be added to the SE’s Stock Registry if certain higher standards have been met. The following is the approximate process and timetable for admission to trading.
[Last updated: 1 February 2026, unless otherwise noted]
There are no corporate governance requirements for a foreign company to qualify to admit its shares to trading on the SEs. However, the SEs may have their own requirements for companies. Given the fact that for a foreign issuer only a secondary listing is possible on the SEs, it is assumed that a foreign company meets the corporate governance requirements of its country of incorporation or a country where its securities have a primary listing.
A company admitted to trading on the Stock Market segment must observe transparency obligations. In particular, it must comply with the disclosure obligations set forth in Ukrainian law.
[Last updated: 1 February 2026, unless otherwise noted]
A foreign company must pay a registration fee in the amount of UAH14,000 (approximately US$330) to obtain a permit for circulation of its securities in Ukraine. SEs charge their own listing and maintenance fees (for example, the PFTS's initial admission fee is UAH4,500 (approximately US$106), the annual monitoring compliance fee is UAH4,500 (approximately US$106).