The National Bank of Ukraine has extended the deadlines for nonbank financial institutions to bring their activities in line with the requirements set in some NBU’s regulations. It has been done due to the martial law introduced in Ukraine and for mitigating the adverse effects of russia’s aggression on the nonbank financial institutions.
Specifically, the NBFIs need to meet the requirements of:
- Regulation On Informing Consumers about Consumer Lending Services by Financial institutions, approved by NBU Board Resolution No.100 dated 5 October 2021 – within two months after the martial law is terminated or abolished in Ukraine
- Regulation On Disclosure of Information by Nonbank Financial Institutions approved by NBU Board Resolution No.114 dated 5 November 2021 and Regulation On Regulating Provision of Auxiliary Services in the Financial Leasing Market approved by NBU Board Resolution No. 156 of 29 December 2021 – within four months after the martial law is terminated or abolished in Ukraine.
This is specified in NBU Board Resolution No. 56 On Amendments to Certain Regulatory Documents of the National Bank of Ukraine dated 21 March 2022.
The resolution is effective from 22 March 2022.