The NBU keeps on cutting the red tape and simplifies working conditions for businesses and banks pursuant to the Law of Ukraine On Amendments to Some Legal Acts of Ukraine as regards the Use of Seals by Legal Entities and Sole Proprietors. For this purpose, amendments are made to a number of NBU regulations.

From now on, authorized bank customers intending to perform a FX transaction are no longer required to certify with seals the documents to be submitted for carrying out such transactions.  The documents to be submitted to the NBU are also not required to have a seal. In addition, in a number of cases, the NBU cancels the requirement for original documents related to conducting FX transactions or for their copies to be notarized.

At the same time, it remains obligatory to notarize translations of agreements and other documents to be submitted to the NBU by banks and their customers.

The above measures will ensure that the NBU will meet the requirements of the updated domestic legislation and simplify the procedures for banks and companies.

The outlined steps are codified by NBU Board Resolution No. 102 On Amendments to Some NBU Regulations dated 10 October 2017 and come into effect on 13 October 2017.