By KYIV. Nov 30 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) is restoring access to data on individual registers and lists of participants in non-bank financial services markets, which was limited in March 2022 due to the introduction of martial law in the country.
As reported on the regulator’s website, this applies to the State Register of Financial Institutions, the Register of Collection Companies, the State Register of Insurance and Reinsurance Brokers, the list of non-bank financial groups, and the NBU Integrated Information System. A format for remote inspections is also being introduced.
Full access to information about non-bank institutions will be restored within five working days from the date of entry into force of the NBU board resolution regulating this issue – November 30, 2023.
According to the NBU, the opening of registers will help avoid abuse by institutions supervised by the National Bank, in particular, changing the location to a populated area included in the List of territories where hostilities are (were) ongoing or temporarily occupied by the Russian Federation.
Non-bank financial institutions, collection companies and legal entities that are not financial institutions, but have the right to provide certain financial services, are required to post information about their ownership structure on their own website within ten working days from the date of entry into force of the resolution, the regulator notes.
