A total of eighteen teams participated in the competition, ten of which contested the 1992 season in the Ukrainian Second League and the remaining eight were promoted from the KFK competition (Amateurs).
After the 17th round (November 17, 1992) the competition was retired for a winter break until April 3, 1993.
FC Silur Khartsyzk had several games changed into a technical loss (-:+) as the club used a player from Shakhtar Horlivka (Suprunenko).
Several opponents of Silur Khartsyzk received a technical victory (+:-) (Antratsyt - Round 18 on April 3, Shakhtar - Round 22 on April 24) On May 22, 1993 Fetrovyk Khust did not arrive for the game of the Round 27 with Prometei Shakhtarsk and it was awarded a technical loss (-:+).
On June 5, 1993, during the game of the Round 29 against Frunzenets Frunze, the team of Fetrovyk Khust walked of the pitch on the 25th minute in the protest of a referee's decision.