The National Bank of Ukraine established the criteria for assigning financial market participants to the category of critical importance

The National Bank of Ukraine has determined the criteria for classifying financial market participants as institutions that are important for the national economy, which will be applied to the financial services market.

An institution can be defined as having significant importance for the financial market, provided that it is:

• an insurer that is classified in the 1st or 2nd group of public importance, which has a valid license to provide voluntary life insurance or mandatory civil liability insurance of owners of land vehicles, and also complies with the standard of solvency and capital adequacy and the standard of riskiness of the insurer's operations, established by the legislation of Ukraine on regulating the activities of non-banking financial institutions;
• a lessor that is a member of a banking group in which the responsible person-bank is systemically important, and in which the value of new financial leasing contracts concluded during the last reporting year exceeds 1 billion UAH;
• a legal entity that received a license from the National Bank to provide collection services to banks and approval from the National Bank to carry out cash handling and storage operations, which on average per quarter collects and transports cash in the amount of over 5 billion UAH, including funds of the state institutions, and collects at least 1,000 retail outlets of customers and at least 1,000 bank machines and/or self-service software and technical complexes;
• a single association of insurers providing mandatory civil liability insurance of owners of land vehicles for damage caused to third parties;
• a legal entity that provides services to systemically important banks that are auxiliary to payment services, and its activities are directly related to the maintenance of bank machines, payment terminals, and the execution of interbank payment transactions in volumes of not less than 35% of the number of relevant devices/ operations of a systemically important bank.