The national commission for financial service markets is drawing up a model for structuring the non-bank financial service markets based on dividing financial institutions into segments: companies accumulating funds and companies lending funds, solvent companies, troubled and actually dummy companies, a commission member, Denys Yastreb, said at a roundtable devoted to the regulation of the financial sector in Kyiv on Thursday.

"We have proposed our vision of reform to lawmakers. It would simplify and add more opportunities to the market, its recovery and development," he said.

He said that the regulator proposes stop using the one-tier system, legislate statuses of companies, divide the market into segments and apply concrete tools to each segment.

These are the remedial measures, recommendations how to improve operations, avoid risky policies, penalties and fines for normally operating companies. Yastreb said that the measures do not influence the troubled companies. They need conditions that would relax their operations and help to overcome crisis – transfer to the status of the normally operating company or the status of liquidation. Measures that would remove companies from the market are to apply to insolvent companies.

There is a large segment of dummy companies on the market. The tools for work with them are their removal from the public register or liquidation.