As of 1 July 2016, the number of structural units of non-banking financial institutions (NFIs) that hold general licenses for FX operations from the NBU increased 1.5 fold to 2960 compared with the figure recorded at the beginning of the year.

As of 1 January 2016, the NFIs had 1,988 structural subdivisions, which was 70% higher than a year earlier.

 NBU Deputy Governor Kateryna Rozhkova said that the NBU is interested in the development of a  transparent FX market. “We  do not oversee illegal currency exchange offices as the NBU is the regulator of the legitimate financial market.  However, we support the development of authorized currency exchange offices while tightening control over their operations. Our aim is to ensure transparent currency exchange operations that will not undermine the operation of the cash FX marker,” said Ms Rozhkova. In particular, the NBU backs the lifting of a 2% levy on FX operations paid to the Pension Fund.

On 1 July 2016, the NBU published information on the location of authorized currency exchange offices on its website.

As of 6 July 2016, 27 non-banking financial institutions hold general licenses for FX operations from the NBU, including 12 licenses issued in 2016.