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pc nid 93506 Jun 26, 2026 arahman@vixio.com Ukraine National Bank of Ukraine (NBU) horizon scanning
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Ukraine's National Bank Updates Authorization Requirements for Financial Service Providers

On June 25, 2026, the National Bank of Ukraine (NBU) updated authorization requirements for financial service providers and financial payment service providers (including limited payment service providers). The updates introduce several key changes to the authorization framework. The NBU revised procedures for assessing the financial and property status of participants and shareholders of financial companies and pawn shops that make additional capital contributions of up to one percent. The NBU now requires pawn shops authorized to conduct currency trading activities to develop and submit business plans covering 2027 to 2029 to the NBU by December 31, 2026. The requirements for individual investors from whom financial institutions may attract subordinated debt funds have been expanded. The NBU established new indicators of poor business reputation, including connections to sanctioned legal entities and companies resident in aggressor states. The NBU clarified procedures for modifying the scope of financial services licenses and their revocation. The NBU introduced a restriction limiting key personnel of insurers, financial payment service providers, and consolidated and significant credit unions to serve in such roles for no more than six consecutive months. The NBU also refined authorization conditions in accordance with Ukraine's Law on Amendments to Certain Legislative Acts Regarding Financial Inclusion Development. The NBU incorporated these changes into the Regulation on Authorization of Financial Service Providers and Conditions for Their Activities and the Regulation on Authorization Procedures for Financial Payment Service Providers and Limited Payment Service Providers. The NBU's Board approved the amendments through Resolution 69 on June 24, 2026, which took effect on June 26, 2026. However, amendments regarding annual business plan updates by pawn shops conducting currency trading activities take effect on January 1, 2027.

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National Bank of Ukraine Updates Authorisation Requirements for Financial Service Providers

On June 25, 2026, the National Bank of Ukraine (NBU) updated authorisation requirements for financial service providers and financial payment service providers (including limited payment service providers). The amendments include: Expands the requirements for an investor (an individual from whom a financial institution has the right to raise funds on the terms of subordinated debt). Establishes new signs of a person's less-than-impeccable business reputation due to the presence of influence on sanctioned legal entities and companies resident in the aggressor state. Clarifies the procedure for changing the scope of a licence to provide financial services and its revocation. Introduces restrictions on the performance of duties of a key person of a financial payment services provider for no more than six consecutive months. Clarifies authorisation conditions in accordance with the Law of Ukraine "On Amendments to Certain Legislative Acts of Ukraine Regarding the Development of Financial Inclusion in Ukraine ". The amendments were made through the following legislation: Regulations on the authorisation of financial service providers and the conditions for their activities in the provision of financial services . Regulations on the procedure for authorising the activities of providers of financial payment services and limited payment services . The amendments come into force on June 26, 2026.