The National Bank of Ukraine (NBU) issues licenses to participants of the nonbank financial services market and registers participants of the payment market in order to protect consumer rights in financial services and thus foster financial stability in Ukraine.
The NBU issues licenses to:
Nonbank financial institutions for the following financial services:
lending (including lending on interest)
Nonbank financial institutions and postal service operators for:
currency valuables trade
Legal entities for:
The National Bank of Ukraine issues the certificates to individuals for executing provisional administration of nonbank financial institutions.
The National Bank of Ukraine registers the collection agencies to protect the rights and legitimate interests of consumers and creditors.
Ownership structures of financial service providers
Financial service providers have to disclose information about their ownership structure. To disclose this information, financial service providers submit to the NBU ownership structure chart together with the information about their qualifying shareholders and final key participants in the ownership structure.
Nonbank financial groups
NBU supervises the nonbank financial groups to control and prevent potential risks for participating financial institutions and the financial sector in general. A nonbank financial group is a group of two or more financial institutions with the same controller (except bank), and in which nonbank financial institution has a principal role.
Supervision over Nonbank Financial Services Market
Starting 1 July 2020, the NBU became the regulator of the market for nonbank financial services of the financial sector, which comprises insurance companies, leasing companies, factoring companies, credit unions, pawnshops, and other financial institutions.