From February 28, the NBU is updating its inspection procedures: what will change for financial companies
28 February 07:26
The National Bank of Ukraine has updated the procedure for identifying and analyzing unlicensed activities in the non-bank financial services market and the payment market. The changes will take effect on February 28, 2026. This was reported by the regulator’s press service, according to "Komersant Ukrainian".
What exactly is changing
The relevant rules are set out in Resolution No. 21 of the NBU Board dated February 26, 2026.
The updated procedure provides for:
- the possibility of involving third parties to conduct an in-depth analysis of the activities of suspicious companies;
- improvement of the mechanism for checking unauthorized market participants;
- a clearer division of powers between NBU bodies;
- increased liability for unlicensed activities.
Who will be responsible for control
The amendments clarify the distribution of functions between:
- the NBU Board;
- The Committee on Supervision and Regulation of Banks and Oversight of Payment Infrastructure;
- The Committee on Supervision and Regulation of Non-Bank Financial Services Markets.
According to the NBU, this approach will allow for a faster response to violations and coordination of inspections.
Why is this important
The non-bank financial services market includes:
- financial companies;
- credit unions;
- pawnshops;
- payment organizations;
- electronic money operators.
The presence of illegal players creates risks for customers, increases the likelihood of fraud, and undermines confidence in the financial system.
The NBU notes that the new rules will make it possible to more effectively:
- detect illegal activities;
- analyze licensing circumvention schemes;
- bring violators to justice.
What this means for businesses and customers
For legal companies, the changes mean:
- more transparent and structured control procedures;
- clear definition of responsibilities;
- increased confidence in the market.
For customers, this means additional protection against financial fraud and pseudo-financial services.
