The amendments to this effect have been approved by NBU Board  Resolution No. 394 of 18 October 2016 On Amendments to the Regulation on Foreign Exchange Control.

To enable broader application of state-of-the-art technologies, the NBU has extended the list of documents to include e-documents (their copies paper-based copies) to be submitted to the NBU and used for the purposes of information sharing with public authorities responsible for foreign exchange control. These documents also may serve as a basis for the application of sanctions for violations of currency legislation.

The amended regulation has also changed the size of fines for failure to timely submit reports, concealment and misrepresentation of information on FX operations.  All violations of the reporting requirements revealed during inspections shall be punished by a fine  in the amount of 1,000 untaxed minimum citizens' incomes.  Earlier, each act of infringement was  punished by a fine   in the amount of 100 untaxed minimum citizens' incomes.