NBU to publish first list of significant financial companies by February 2026

The National Bank of Ukraine (NBU) has approved criteria for determining the significance of a financial company and introduced requirements for the activities of significant financial companies.

This is stated in the NBU's message, Ukrainian News Agency reports.

The criteria for determining the significance of a financial company are established taking into account the size of the financial company's assets, its off-balance sheet liabilities and other factors, in particular:

- the presence of a financial company as a responsible person of a financial group recognized by the National Bank from among medium and large groups;

- the presence of a financial company, as determined by the National Bank, at a high or very high risk of violating the rights of consumers of financial services;

- the financial company's activities to provide financial services within the framework of state programs or programs of local governments to a certain circle of persons, which provide for separate conditions for the provision of financial services, determined by such programs.

For significant financial companies, requirements have been introduced regarding their activities, which relate to authorization conditions and requirements for the management system.

Thus, the amendments to the Regulation on Authorization of Financial Service Providers and Conditions for Their Activities in the Provision of Financial Services introduced requirements for significant financial companies regarding:

- development and submission to the National Bank of a 3.5-year activity plan in accordance with the established requirements;

- submission to the National Bank of a notification on an increase in the size of the authorized capital and documents on the sources of origin of funds for such an increase within 15 business days;

- urgent verification by the National Bank of the sources of origin of funds for the formation (increase) of the authorized capital of significant financial companies / new managers of significant financial companies regarding their compliance with the established requirements for business reputation and professional suitability / new owners of significant participation regarding their compliance with the established requirements for business reputation and financial / property status.

Also, amendments to the Regulation on Requirements for the Corporate Governance System and Internal Control System of a Financial Company introduced requirements regarding the need to conduct a self-assessment to identify additional risks inherent in the activities of a financial company, to provide the National Bank with information on the results of such a self-assessment, as well as to make appropriate changes to the documents on planning the activities of a financial company.

It is expected that by February 1, 2026, the National Bank will publish the first list of significant financial companies.

Financial companies that have been designated as significant will be required to bring their activities into line with the new requirements by July 1, 2026.

As Ukrainian News Agency earlier reported, in July, 13 non-bank financial institutions were removed from the registers.

The number of non-bank financial market participants in July decreased from 812 (as of July 1, 2025) to 799 (as of August 1, 2025), the number of banks remained unchanged - 60.

To request a correction, please send an email.