Ukraine steps up with full-scale XBRL rollout
The National Securities and Stock Market Commission of Ukraine (NSSMC) recently announced the nationwide expansion of XBRL-based electronic financial reporting. Backed by the EU FAAR project and supported by the Ministry of Finance and the National Bank of Ukraine (NBU), this marks a major milestone in Ukraine’s financial digitisation and EU integration efforts.
The initiative builds on the Ukrainian Taxonomy UA MSFS XBRL, developed between 2020–2024 with European expertise. A new Financial Reporting Collection Center now serves as the state’s single point of entry for structured data.
This transition represents the culmination of years of work to embed international best practices in Ukraine’s regulatory infrastructure. From 2026, the Commission expects that XBRL submission through the Collection Center will be the single supported format, aligning Ukraine’s reporting regime with European norms.
The NSSMC is rolling out training and capacity building for business reporting professionals in the country. The regulator also provides tool support for straightforward disclosures.
Congratulations to all involved in the implementation of high-quality, transparent, and machine-readable reporting in Ukraine. The move will help expand Ukrainian markets, modernise financial supervision, enhance analysis, and support convergence with European capital markets.
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