National Securities Commission approves plan for functioning energy hubs in Ukraine

National Securities Commission approves plan for functioning energy hubs in Ukraine

Ukrinform
The National Securities and Stock Market Commission (NSSMC) has approved a plan of measures to create conditions for the functioning of energy hubs in Ukraine, according to a report on the Commission’s website.

"The National Securities and Stock Market Commission approved at its meeting a plan of measures to create conditions for the functioning of energy hubs in Ukraine: commodity multilateral trading systems, where trade in energy products and related financial products will be carried out," the report says.

The plan provides for a list and schedule for the development of appropriate legislative amendments, regulatory rules, conditions for future traders, and measures for interaction with other stakeholders.

To create the Ukrainian market model for over-the-counter and organized trade in energy resources and derivatives, the Commission used the European Union standards that provide competitive terms of trade and transparent pricing for energy products.

The plan includes a step-by-step map for harmonizing Ukraine’s national legislation with the EU standards, based on a detailed analysis carried out by the Commission with the assistance of international experts and with the support of the EU.

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