Shareholders of the PFTS stock exchange voted to cancel its existing licenses for organizing trades in securities and financial instruments.
The reason for this decision was the failure to ensure compliance of the PFTS activities with the requirements of the National Securities and Stock Market Commission (NCSCFR), which require the availability of "own funds" in the amount of 22 million hryvnias. According to the latest available reporting, at the end of 2022, it was stated that the exchange's "cash" amounted to 11.9 million hryvnias.
Note that the majority shareholder of PFTS since 2020 is the Chinese Commodity Exchange BOCE Co. Limited. In connection with the introduction of martial law in Ukraine, the management of the Chinese stock exchange appealed to the Ukrainian officials with a request to postpone the requirements for the creation of additional authorized capital.
Although the shareholders have decided to hold an additional issue of shares for 30 million hryvnias, it seems that Chinese investors will not be able to participate in this, as they are limited by internal requirements related to the state of martial law.
