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On May 19, 2026, the National Bank of Ukraine (NBU) revoked the financial services licence held by LLC "FK 'SVAROG FINANCE'" (registration number 42708895). The NBU's Committee on Supervision and Regulation of Non-Bank Financial Services Markets made this decision on May 18, 2026. The NBU revoked the licence because the company repeatedly breached mandatory prudential requirements concerning minimum own capital levels, as set out in the Regulation on Prudential Requirements for Financial Companies approved by NBU Board Resolution No. 192 of December 27, 2023. This constituted a repeated violation of the Regulation on Authorization of Financial Service Providers and Conditions for Their Financial Services Activities, approved by NBU Board Resolution No. 199 of December 29, 2023. The company provided factoring services and credit facilities in funds and precious metals. Under Section 50(1)(6) of Ukraine's Law on Financial Services and Financial Companies, the NBU may revoke a financial company's licence when it repeatedly breaches requirements established by NBU regulations governing financial services licensing conditions. Following Article 56 of Ukraine's Law on the National Bank of Ukraine, NBU administrative acts take effect from the date they are officially communicated. The communication date is the date the notice is sent by post. Following licence revocation, the company loses the right to conduct financial services activities. However, revocation does not release the company from fulfilling its obligations under existing financial services contracts with clients. REFERENCES: National Bank of Ukraine. "Фінансовій компанії відкликано ліцензію" [Financial Company Licence Revoked]. May 19, 2026. Available at: https://www.bank.gov.ua/