pc
nid 93622
Jul 01, 2026
arahman@vixio.com
Ukraine
Regulatory Documents
financial services
81% of draft length
draft in Generated
Generated
1843 charsUkraine's National Bank Amends Financial Payment Services Provider Authorization and Management System Rules
On June 30, 2026, the Board of the National Bank of Ukraine (NBU) adopted Resolution No. 72, which amends regulatory acts governing the authorization and management systems applicable to financial payment services providers in Ukraine.
The resolution addresses requirements for authorization and governance frameworks for entities providing financial payment services. The amendments introduce changes to the NBU's existing regulatory framework to enhance oversight and operational standards for these service providers. The regulation focuses on strengthening management systems and authorization procedures, ensuring that financial payment services providers maintain adequate governance structures and risk management protocols.
A key component of the amendments concerns third-party risk management requirements in the payment market. The NBU initiated consultation on these third-party risk management requirements, reflecting the regulator's commitment to comprehensive oversight of payment service ecosystems and the relationships between primary service providers and their third-party vendors or partners.
The resolution becomes effective on July 1, 2026. Financial payment services providers operating in Ukraine must ensure compliance with the amended regulatory requirements by this date. Entities should review the full text of Resolution No. 72 to understand specific obligations related to authorization procedures, management system requirements, and third-party risk governance applicable to their operations.
REFERENCES:
National Bank of Ukraine. Resolution of the Board of the National Bank of Ukraine No. 72 of June 30, 2026 "On Amendments to Certain Regulatory Acts of the National Bank of Ukraine on Authorization and Management System of Financial Payment Services Providers." Available at: https://www.bank.gov.ua/
Agent draft
Not run yet.
Published
1496 charsNational Bank of Ukraine Adopts Amendments to Financial Payment Services Provider Authorisation and Management System Rules
On June 30, 2026, the Board of the National Bank of Ukraine (NBU) adopted Resolution No. 72, amending regulatory acts governing the authorisation and risk management systems applicable to financial payment services providers in Ukraine.
A financial payment service provider's risk report must contain the following information regarding third-party risk:
The results of the assessment of third-party risk profiles, which must include a description of the third-party risks to which the financial payment service provider was exposed during the reporting period (including a breakdown by critical services and critical third-party providers), the method of risk management and qualitative and quantitative information based on the results of third-party risk measurement.
The results of third-party risk stress testing, the methods and assumptions used for stress testing, and a risk sensitivity analysis, if such an analysis was conducted.
Material changes in the payment service provider’s risk profile resulting from third-party risk.
Breaches of established third-party risk limits.
Issues requiring immediate response and escalation, including incidents, failures, or service interruptions at the third-party provider, and an increase in service concentration risk.
Payment institutions and electronic money institutions must bring their activities into compliance with this resolution by March 31, 2027. This resolution comes into effect on the day following its official publication.