RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of July 30, 2020 No. 111

About modification of the Regulations on currency supervision

According to Articles 7, 15, 44, 56 Laws of Ukraine "About the National Bank of Ukraine", to Articles 11, 14, 15 Laws of Ukraine "About currency and currency transactions", for the purpose of enhancement of the bases and procedure for application by the National Bank of Ukraine to authorized institutions of corrective actions for violation of requirements of the foreign exchange legislation Board of the National Bank of Ukraine DECIDES:

1. Bring in the Regulations on currency supervision approved by the resolution of Board of the National Bank of Ukraine of January 3, 2019 No. 13, the following changes:

1) in the Section I:

in Item 2:

replace subitem 1 with two new subitems 1, of 1-1 following content:

"1) currency supervision of authorized institutions - the supervision exercised by National Bank behind authorized institutions, their structural divisions including conducting exit checks and implementation of permanent supervision, taking into account risk - the oriented approach for the purpose of ensuring compliance with the foreign exchange legislation by authorized institutions and establishment of compliance of the performed currency transactions to the foreign exchange legislation of Ukraine;

1-1) withdrawals (cancellation) of the license (further - revocation of license) - deprivation of non-bank financial institution, operator of mail service of the right to implementation of the currency transactions provided by the license;";

in subitem 8:

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