CMS advised on securities clearing infrastructure in Ukraine.

CMS Cameron McKenna Nabarro Olswang in Kyiv has advised DAI Global (USAID) and the National Securities and the Stock Markets Commission of Ukraine on the rules for clearing transactions with securities and licensing terms for clearing institutions. The New Capital Markets Law is broadly based on provisions of key EU directives and regulations establishing rules for operation of capital and financial markets, including MiFID II, EMIR, and MiFIR. The CMS team was led by Ihor Olekhov, Partner and Head of Banking & Finance, and included associates Khrystyna Korpan and Iryna Kravchenko.