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May 26, 2026
arahman@vixio.com
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918 charsNational Bank of Ukraine Consults on Third-Party Risk Management Requirements in the Payments Market
On May 26, 2026, the National Bank of Ukraine (NBU) launched a consultation on the Resolution on Amendments to Certain Regulatory Acts of the NBU Regarding the Authorisation and Management System for Financial Payment Service Providers Regarding Third-Party Risk Management.
The draft establishes requirements for:
Creation of effective third-party risk management mechanisms, taking into account the principle of proportionality.
Assessment of third-party risk at all stages of the lifecycle of relations.
Verification of third-party providers before entering into a critical contract with them, and the appropriate level of documentation that the payment service provider must obtain.
Refusal in certain cases to establish a relationship with the third-party provider.
Management of continuity of payment services, taking into account third-party risk.
Comments and feedback is welcome up until June 10, 2026.