RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of June 22, 2020 No. 79

About modification of the Regulations on application of corrective actions by the National Bank of Ukraine

According to Articles 7, of 15, of 55, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 66, of 67, of 73, 74 Laws of Ukraine "About banks and banking activity", to the Law of Ukraine of May 13, 2020 "About modification of some legal acts of Ukraine concerning enhancement of mechanisms of banking regulation" the Board of the National Bank of Ukraine DECIDES: No. 590-IX

1. Bring in the Provision about applications of corrective actions by the National Bank of Ukraine approved by the resolution of Board of the National Bank of Ukraine of August 17, 2012 No. 346, registered in the Ministry of Justice of Ukraine on September 17, 2012 for No. 1590/21902 (with changes), such changes:

1) in Chapter 3 of the Section I:

state Item 3.5 in the following edition:

"3.5. The decision of National Bank on application of corrective action shall contain:

1) content (name) of the corrective action applied to bank;

2) data on the established circumstances (facts) and the description of violation (with indication of regulations of the laws of Ukraine, regulatory legal acts of National Bank which are broken) / risk activities / information about application of the foreign sanctions or committed actions (failure to act) of bank which led to violation or implementation of risk activities;

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