The National Bank of Ukraine has improved the calculation of prudential standards for non-bank payment service providers.
Taking into account the specifics of the activity of non-bank payment service providers, an expansion of the components of cash is foreseen, which should be taken into account when calculating the short-term liquidity standard.
So, in addition to funds placed on current accounts, the indicator of funds will include funds that:
- are at a point of provision of financial services;
- collected from the institution providing financial services for their subsequent crediting to the current account;
- directed from the current account to the cash reinforcement of the point of provision of financial services, but not yet delivered to it.
In addition, during the calculation of the short-term liquidity ratio of the payment service provider, all its obligations for the provided payment services minus the receivables for the provided payment services will be taken into account.
In order to prevent the withdrawal of capital through lending instruments, the structure of the core capital of non-bank payment service providers and deductions for the purposes of calculating regulatory capital was additionally specified.
This is stated in Resolution of the Board of the National Bank of Ukraine dated March 10, 2023 No. 20 “On Amendments to the Regulation on Establishing Prudential Standards Mandatory for Compliance by Non-Bank Payment Service Providers, and Defining the Methods of Their Calculation”which will enter into force on March 14, 2023.