The enforcement measure has been implemented due to the failure to provide the National Bank with the requested information/explanations/documents and/or their copies within the established timeframe.
The institution is required to take steps to address (correct) the violations identified during supervision and to align its activities with the requirements of Ukrainian legislation by March 4, 2025.
The decision to apply the enforcement measure was made by the Committee on Supervision and Regulation of Non-Banking Financial Services Markets on February 10, 2025. It takes effect from the day it is communicated to the financial institution and can be appealed within six months from the date of receipt in an administrative court in accordance with the Code of Administrative Court Procedure of Ukraine.