Technical assistance on alignment of the capital markets infrastructure framework with EU Acquis

Overview
Project Summary Document

TCRS 22253

Status TC Com approved

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

State

PSD Disclosed

12 Sep 2025

Project Description

Strengthening capital markets infrastructure is a strategic priority for Ukraine in the context of its post-war recovery, financial sector modernization, and EU accession process. In line with the updated Financial Sector Development Strategy of 11 August 2025, Ukraine is committed to building resilient, transparent, and well-regulated financial markets aligned with EU norms and international standards. A key component of this agenda is the transposition and effective implementation of core EU legislative acts that govern capital markets infrastructure.

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

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General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 22253

Status TC Com approved

Location

Ukraine

Business Sector

Financial Institutions

Notice Type

State

PSD Disclosed

12 Sep 2025

Project Description

The technical assistance will support Ukraine in aligning its legal and institutional framework with the requirements of following acts with any further amendments:

• Directive 2002/47/EC of the European Parliament and of the Council of 6 June 2002 on financial collateral arrangements
• Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems
• Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories
• Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012
• Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector and amending Regulations (EC) No 1060/2009, (EU) No 648/2012, (EU) No 600/2014, (EU) No 909/2014 and (EU) 2016/1011
• Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties and amending Regulations (EU) No 1095/2010, (EU) No 648/2012, (EU) No 600/2014, (EU) No 806/2014 and (EU) 2015/2365 and Directives 2002/47/EC, 2004/25/EC, 2007/36/EC, 2014/59/EU and (EU) 2017/1132

This legal framework forms the backbone of a modern capital market infrastructure, contributing to market stability, risk mitigation, and operational resilience. Their implementation is also a key step toward harmonising Ukraine’s capital market framework with the EU acquis, a critical requirement under the EU candidate status and pre-accession process.

To support this work, the EBRD is seeking the services of a Legal Consultant with demonstrated expertise in Ukraine’s capital markets legislation and EU legal alignment to develop legal framework that ensure alignment with EU standards contributing to the long-term resilience and integration of Ukraine’s capital markets, and a Capital Market Consultant, who will work closely with the National Commission on Securities and Stock Market to ensure operationalization of the reform.

Project Objectives

The EBRD has sufficient information on the investment opportunities in the dairy sector in Morocco and Egypt.

TC Recipient Information

The beneficiary of the TC project is the Bank.

Project Cost

€590,000

Funding Summary

Funded by EBRD Special Shareholder’s Fund.

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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Technical assistance on alignment of the capital markets infrastructure framework with EU Acquis

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

Project Objectives

TC Recipient Information

Project Cost

Funding Summary

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)