First Deputy Governor of the National Bank of Ukraine (NBU) Kateryna Rozhkova says the central bank will receive powers to regulate the country's non-banking financial sector from July 1, 2020, under the draft "split" law passed by the Verkhovna Rada, Ukraine's parliament. This refers to about 1,900 institutions, including insurance and factoring companies, credit unions, pawnshops, and companies that provide remittance services.
"The [draft] 'split' law backed by the Verkhovna Rada provides for a transitional period until June 30, 2020,” she said at a briefing on September 15. According to Rozhkova, this refers to about 1,900 institutions, including insurance and factoring companies, credit unions, pawnshops, and companies that provide remittance services.
