The Ukrainian SEC To Introduce Electronic Data Base Using XBRL Language To Improve Market Transparency.

According to the Securities & Exchange Commission (SEC) this system will use eXtensible Business Reporting Language (XLBR) and allow foreign investors to see the real value of the shares being sold on the market and information about issuers. According to the SEC financing for the development of this system will be provided by USAID, the same organization that helped launch the PFTS. It is expected to take one year to make the system fully operational. Concorde Capital:  This move is another step towards implementing the government’s far-reaching law on the stock market, however, it is still not clear how the government will enforce this law or how it will force issuers to publish this information.