Публікація EN_version_v0.2

National Bank of Ukraine Approves Additional Requirements to the Approval Procedure of NBFI Designated Officer for Financial Monitoring

The National Bank of Ukraine (NBU) has outlined additional requirements to the approval procedure of the designated officer for financial monitoring from a non-bank financial institution (NBFI) as follows:

  • clarifying qualification requirements to the position of the NBFI designated officer;
  • setting fit and proper requirements to the NBFI designated officer;
  • setting deadlines for stages of the NBU’s approval procedure of the NBFI designated officer;
  • clarifying requirements to the NBU’s resignation approval procedure of the NBFI designated officer.

Respective amendments were introduced by NBU Board Resolution No. 43 to the Regulation On Financial Monitoring by Non-Bank Financial Institutions dated 17 April 2018 regarding fund transfers.

Resolution No. 43 enters into effect on 21 April 2018.

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