National Bank of Ukraine has set regulation on a number of issues on legal support of banking activity, namely in terms of performance of cash operations by Ukrainian banks.

It is defined by NBU Board Resolution No. 107 dated 26 October 2017 On Amending the Instruction on Performance of Cash Operations by Banks in Ukraine (hereinafter - Resolution No. 107)[1].

Adoption of this document is related to bringing certain rules of Instruction on Performance of Cash Operations by Banks in Ukraine in accordance with the Law of Ukraine On Amendments to Some Legal Acts of Ukraine as regards the Use of Seals by Legal Entities and Sole Proprietors.   

In particular, Regulation No. 107 stipulates that from now on the imprint of a customer's seal on a check receipt is not mandatory.

In addition, Instruction on Performance of Cash Operations by Banks in Ukraine is supplemented with single characteristics of packaging material used for banknotes and coins packaging, as well as the requirements for coins packaging.

Also, Resolution No. 107 specifies for banks the deadlines for submitting statistical reporting and doubtful banknotes for examination, which is related to the transformational processes at the National Bank of Ukraine.

Resolution No. 107 comes into force on 1 November 2017.

[1] amending the Instruction on Performance of Cash Operations by Banks in Ukraine, approved by NBU Board Resolution No. 174 dated 1 June 2011 (as amended).