Purpose: Supporting the NBU in the preparation of a regulation on factoring operations in Ukraine, as well as assisting with its implementation.
Components:
- making a review of regulations on the conduct of factoring transactions in Ukraine, and drawing up a conceptual document with recommendations on the most appropriate legal and regulatory decisions in the regulation of factoring activities and financing of receivables
- drafting legislative proposals to regulate the factoring business in Ukraine, including amendments to the Civil Code of Ukraine, and also developing, as needed, a draft regulation with amendments to existing laws and regulations on factoring
- promoting capacity building and/or activities to disseminate information about international best practices in factoring and new factoring legislation, as well as explaining the benefits of factoring to Ukrainian market participants.
Products implemented for the NBU, and key events:
- An expert assessment of the NBU-developed Concept for Reforming the Regulation of Factoring in Ukraine was carried out.
- An policy paper on the regulation of factoring in Ukraine was prepared.
- Advisory support was provided on how to develop the draft Law of Ukraine On Factoring.
Expert support was provided during the consideration by the Verkhovna Rada of Ukraine of Draft Law (No. 12306) On Factoring. The Law of Ukraine On Factoring passed a second reading on 3 June 2025.