---
title: Issuers of securities were obliged to disclose information about their relations with Russia and its satellites by April 30
description: Securities issuers must disclose ties to Russia and its allies by April 30 to ensure compliance and mitigate economic influence.
image: https://unic.org.ua/hubfs/Imported_Blog_Media/r_460x_331627059_2262702040581807_3139094830634973269_n.png
---
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# Issuers of securities were obliged to disclose information about their relations with Russia and its satellites by April 30
By [UNIC Team](https://unic.org.ua/en/blog/author/unic-team) , Feb 23, 2023
Issuers of securities were obliged to disclose information about their relations with Russia and its satellites by April 30.
On February 21, the National Securities and Stock Market Commission of Ukraine adopted a decision obliging joint-stock companies and other issuers of securities to disclose information about the existence of relations with states in risk zones: Russia, Belarus, Iran, and North Korea by April 30.
*In particular, issuers must provide information on the following:*
1. The presence in the company's ownership structure of physical persons who have citizenship of the states in the risk zone;
2. presence in the company's ownership structure of physical persons whose permanent residence place is the state in the risk zone;
3. the presence in the company's ownership structure of legal entities whose registration place is the state in the risk zone;
4. the presence in the company's management bodies of physical persons who have citizenship of the state in the risk zone;
5. the issuer has business relations with counterparties of the state in the risk zone or counterparties controlled by the state in the risk zone;
6. location of subsidiary companies/enterprises, branches, representative offices, and/or other separate structural units in the territory of the state in the risk zone;
7. the presence of legal entities as a founder, participant, whose shareholder is the issuer together with the persons specified in subparagraphs 1–3 of the clause;
8. the company has corporate rights in a legal entity registered in the state of the risk zone;
9. the presence in the company of securities (except shares) of a legal entity registered in the state of the risk zone's state.
The availability of this information is critically necessary to ensure the implementation of sanctions compliance by businesses. It will also enable state bodies to monitor better the Russian Federation's influence on the Ukrainian economy and promptly take the necessary measures to minimize such impact. Everyone knows that several international corporations continue to do business with Russia, which has negative consequences for the companies themselves and the state as a whole. For these companies to voluntarily stop working with Russia, making such cooperation publicly available, reputationally inconvenient, and financially costly is necessary.
UNIC welcomes the mentioned decision and hopes that the same requirements will be extended to all state-owned enterprises and other public interest enterprises in the near future.
**You can read more about the Decision of the NSSMC**[http://bit.ly/3lQNfeF](https://bit.ly/3lQNfeF?fbclid=IwAR1O9hHOvUrRYcKie_eCKGEM5F_1f_EFvUgGde-IeQvgvKJib3jL8lXV3NQ).
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