The National Bank's supervisory mandate does not end with the banking sector: the Organic Law on the National Bank shapes it as the single regulator of the entire financial market — from payment systems to the securities market and the pension fund, from loan-giving entities to virtual asset service providers. This page brings together which entity enters the supervisory system under which regime — registration, licensing, authorization or recognition — and what the essence of supervision is for each of them.
The common model: registration, license, authorization, recognition
For different entities the law sets different points of entry. Payment system operators, payment service providers, the credit information bureau, loan-giving entities and virtual asset service providers are registered with the National Bank; regulated participants of the securities market and asset management companies are licensed; investment funds undergo authorization or registration, while foreign funds and management companies are recognized. The common supervisory toolkit, however, is uniform: the Bank conducts inspections, regulates, issues written instructions, imposes additional requirements and restrictions and, in case of violation, imposes sanctions including monetary fines. In these spheres the amount and the procedure of fines are determined by the Bank's normative acts, and the fine is credited to the state budget.