NSSMC starts returning assets to Freedom Finance investors: how to get your money back
1 August 2025 17:21
INSTRUCTIONS
Tomorrow, on August 2, the official procedure for the return of the assets of clients of Freedom Finance Ukraine LLC, whose activities were suspended due to serious violations in the capital markets, will come into force in Ukraine. Ruslan Magomedov, Chairman of the National Securities and Stock Market Commission (NSSMC), announced this on his Telegram channel, confirming that the process of real asset recovery will start in the coming days, "Komersant Ukrainian" reports.
“As promised, we will start paying out by the end of the summer. This is not just a formal procedure, it is an example of restoring justice that thousands of depositors have been waiting for,” the head of the Commission emphasized.
According to him, the NSSMC will monitor the entire process to ensure that investor rights are protected not only on paper but also in practice. Assets will be returned depending on their type – through depository institutions or through the company’s temporary manager.
It is expected that as of Monday, August 4, the company’s clients will be able to apply to the relevant institutions with claims for their assets. According to the regulator, these are assets that have been transferred to the custody, accounting or management of Freedom Finance Ukraine LLC and are not subject to arrest or other legal restrictions.
Read also: Freedom Finance clients will start receiving previously blocked money
How Freedom Finance Ukraine clients can return their assets: instructions from the NSSMC
The National Securities and Stock Market Commission (NSSMC) has published step-by-step instructions for clients of Freedom Finance Ukraine on how to return their assets. The document will be useful for investors who have faced problems with access to their securities or funds.
1. Where to apply, depending on the type of asset
- Ukrainian government bonds and funds after 20.10.2022 – contact any existing depository institution that services transactions with government bonds.
- Other securities (other than domestic government bonds) – please contact any valid depository institution.
- Funds that should have been received by 20.10.2022 – please contact the interim manager Freedom Finance Ukraine LLC.
- Funds transferred to the investment firm, but for which no securities were purchased, should also be addressed to the interim manager.
2. What should I do if my passport data has changed?
It is necessary to fill out the appropriate application, attach a copy of the updated document, sign it by the CEP and send it to the NSSMC by e-mail: [email protected].
A qualified electronic signature (QES) is an electronic signature that is created using special tools and is based on a qualified public key certificate.
A QES is used to confirm the authenticity and integrity of electronic documents, which makes it analogous to a handwritten signature on paper documents.
A PKC can be obtained from specialized accredited key certification centers (AKCs), as well as from some banks and other organizations that provide digital signature services.
3. Failed to recover assets?
In this case, you should submit an official request to the NSSMC. Within 10 business days from the date of receipt of the request, the Commission will process the request, amend the List of Assets (if the obstacles are removed) and inform the applicant.
4. Are you an heir, guardian or have a court decision?
To return the assets, apply to the NSSMC with an application indicating
- your identification data;
- identification data of the client/depositor;
- the grounds for the right;
- documents confirming this right.
Such documents may include:
- for heirs: a document giving the right to receive assets as an inheritance (certificate of ownership of a share in the marital property, court decision, etc;)
- for the client’s/depositor’s guardian: a certificate of guardianship over the property of the client who has disappeared or been declared missing;
- for a guardian of a client/depositor with limited civil capacity: a guardian’s certificate, a court decision on limitation of capacity;
- for legal successors: a document confirming the succession relationship.
The package of required documents must also include a legally binding decision on the person’s right to receive the client’s/depositor’s assets.
Contacts for information:
NSSMC hotline: (044) 280-84-56
(Mon-Fri: 10:00-16:00, break 13:00-14:00)
What is known about the Freedom Finance case
Freedom Finance Ukraine(Freedom Finance Ukraine LLC), a member of the international group Freedom Holding Corp, was one of the most active companies in the Ukrainian retail investment market before the start of the regulatory investigations. In April 2024, the NSSMC decided to revoke the company’s licenses due to systemic violations and improper storage of client assets.
According to the NSSMC, it is about tens of thousands of individuals who invested in securities through Freedom Finance in both Ukrainian and foreign markets. A significant portion of the assets remained on the company’s accounts without proper legal registration or were transferred to other jurisdictions without sufficient transparency.
Since then, the Commission has been working to create a legal procedure for the return of property, which involves cooperation with the National Depository, the company’s interim administrator, and other market participants. According to Magomedov, this is the first time in the market’s history that an asset recovery procedure has been launched on such a large scale.
Regulator launches asset recovery procedure for Freedom Finance Ukraine clients: what’s next?
Market experts note that the implementation of this procedure will be a test of the maturity of the Ukrainian stock market, which in recent years has experienced both rapid growth and periods of crisis of confidence. Successful implementation of the asset recovery process could signal to foreign investors that Ukraine’s regulatory and investor protection standards are improving.
The National Commission has already warned that it will closely monitor compliance with the payment schedule and respond to any violations or delays.
This is the most crucial stage. We will not allow investors to be left alone with the problem,” Magomedov summarized.
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