Ukraine: Technical Assistance Report-Self-Funding of the National Securities and Stock Market Commission

April 29, 2016

Preview Citation

Format: Chicago

Ukraine: Technical Assistance Report-Self-Funding of the National Securities and Stock Market Commission, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper discusses the self-funding model of the National Securities and Stock Market Commission (NSSMC) in Ukraine. There are a number of challenges with NSSMC’s funding and the constraints placed on it through the Ukrainian government budget process. The analysis conducted by the NSSMC and reviewed by the mission confirms the general benefits of moving to a self-funding model for the NSSMC. The legislative measures should be complemented by improvements in the NSSMC systems and processes. Self-funding of securities and other financial services regulators is increasingly becoming the international norm. The trend to self-funding is even more pronounced within Europe.

Subject: Budget planning and preparation, Financial institutions, Financial markets, Labor, Minimum wages, National accounts, Personal income, Public financial management (PFM), Securities, Securities markets

Keywords: Budget planning and preparation, CR, Europe, Fee payer, Fee regime, Fee revenue, ISCR, Market participant, Minimum wages, NSSMC estimate, Personal income, Securities, Securities markets, Supervision fee

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/108
Stock No:

1UKREA2016006
ISBN:

9781484342077
ISSN:

1934-7685

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