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National Bank of Ukraine has Changed the Current Rules for Inspections on Compliance with the Requirements of Currency Legislation
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30 November 2018 The
NBU has changed the current rules for inspections of banks, other financial
institutions, the national postal operator for compliance with the requirements
of the currency legislation of Ukraine and the procedure for revoking general
licenses for foreign exchange transactions from banks. In
order to unify the NBU regulatory acts and directives, and to enhance the
procedure for the implementation of the currency control and licensing by
regulator, it has been established that: -
NBU directive (not the
NBU ordinance) is the ground for carrying out an unscheduled on-site inspection
by the authorized employees of the regulator on the compliance with the
currency legislation of Ukraine by the bank, another financial institution, the
national postal operator; -
the
withdrawal of general licenses for FX transactions from banks will be carried
out on the basis of a decision of the NBU Board instead of NBU ordinance on
general license revoking. This
Resolution amends: -
Regulation on Procedure
for On-Site and Off-Site Inspections with Regard to Adherence to the
Requirements of FX Laws and Regulations by Banks, Other Financial Institutions,
National Postal Operator, and Inspections of Currency Exchange Offices in the
Territory of Ukraine, approved by NBU Board Resolution No. 338 dated 21
September 2007. -
Regulation on the
procedure for providing banks and branches of foreign banks with general
licenses for foreign exchange transactions, approved by NBU Board Resolution
No. 281 dated 15 August 2011. The relevant amendments were approved by NBU Board Resolution No. 131 On Amendments to
Some NBU Regulations dated 28 November 2018, coming into effect on 1 December 2018. |