Significant financial companies must bring their activities into line with the new requirements of the National Bank of Ukraine (NBU) by July 1, 2026, said Andriy Pyshnyy, head of the regulator.
“The NBU board members and I held the first inaugural meeting with representatives of significant financial companies to outline all our further steps. We have a clear deadline — July 1, 2026 — by which all significant financial companies must bring their operations into compliance with the new requirements,” Pyshnyy wrote on Facebook.
He noted that 52 financial companies received significant status based on a number of criteria, including a share of assets exceeding 1% of the total market volume, the level of risk of consumer rights violations, participation in government programs and membership in large financial groups.
Since the adoption of the “split,” the financial companies sector has shrunk by 778 institutions, with 407 participants currently operating in the market. He added that some institutions left the market voluntarily, while the NBU revoked the licenses of others, including for abuses such as participation in tax evasion schemes.
Pyshnyy said the roadmap for significant financial companies includes, in particular, the submission of strategic plans, personnel audits, disclosure of ownership structure data and bringing it into compliance with regulatory requirements, as well as mandatory risk self-assessment and reporting on its results.
He also noted that the central bank’s meetings with the market are planned to be held regularly going forward — on a quarterly basis — and drew attention to the need to update the consumer rights protection system and incorporate financial inclusion principles.
