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National Bank of Ukraine Cancels Some Requirements for Banks on Transacting Customer FX Operations

26 December 2017

Press Release


The National Bank of Ukraine (NBU) will provide banks with efficient instruments enabling them to prevent risky activities and manage risks using the risk-based approach. In this light, enhanced control exercised by the NBU over banks’ execution of customer transactions became obsolete.


Loosening requirements will also lessen the burden regarding statistical information to be submitted by banks to the NBU. In particular, the requirement to send the information file #2C to NBU, that was introduced by the NBU in September 2014, will be cancelled. Banks will file information on customer FX operations to the NBU according to the revised statistical reporting forms in line with the Rules of Statistical Reporting to be Submitted to the National Bank of Ukraine as approved by NBU Board Resolution No. 129 dated 1 March 2016.


Furthermore, the NBU cancels mandatory certification by affixing the seal on document copies customers furnish to a bank for transacting FX operations.


Said changes were approved by NBU Board Resolution No. 135, dated 21 December 2017 On Amendments to Some Regulatory Documents of the National Bank of Ukraine that enters into effect on the day following the date of official release. Regulations replacing the information file enter into effect on 1 January 2018.



Last modification   26.12.2017