English
FrançaisThe Project's purpose is to assist the Ukrainian authorities in strengthening the regulatory framework and supervision practices for non-bank financial services, including:
- a legal framework that approximates to EU standards and best practices in a broad range of financial services,including securities and investment business, fund management, insurance and pensions provision, leasing andfactoring services, and non-bank credit institutions;
- solvency standards and market entry rules for non-bank financial institutions defined and applied;
- strengthened capacity of regulatory authorities to apply legislation, and associated rules, norms, etc., usingappropriate methods, tools and guidance;
- enhanced supervision in practice (evidence of significant on-site and off-site supervision);
- appropriate levels of monitoring and enforcement;
- an efficient mechanism for withdrawal of insolvent companies from the market taking into account consumerprotection..
Provision of the following main services:
- Component 1: Insurance
- Component 2: Investment funds/collective investment schemes
- Component 3: Securities issuance: transparency and disclosure
- Component 4: Securities and investment firms: capital requirements
- Component 5: Private and occupational pensions
- Component 6: Non-bank credit institutions, including credit unions
- Component 7: Non-bank payment systems and institutions
- Component 8: Other non-bank financial services, including leasing and factoring
- Component 9: Regulatory powers and enforcement capabilities
- Component 10: Statistical framework for securities