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Large-scale privatisation in Ukraine took a hit as a result of the COVID-19 pandemic and was temporarily suspended in March 2020 as a quarantine measure. On 4 February 2021, the draft law No. 4543, which unblocks the ability to hold large-scale privatisation auctions, passed the first reading in the Ukrainian parliament.

These key action points take into account the UK Pensions Regulator's recent statement on COVID-19. Trustees and employers should continue to monitor further updates from the Regulator.

Defined benefit (DB) arrangements