RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of August 25, 2020 No. 125

About modification of the Regulations on procedure for issue to legal entities of licenses for provision to banks of services in collection

According to Articles 7, of 15, 33 and 56 Laws of Ukraine "About the National Bank of Ukraine", for the purpose of enhancement of procedure for licensing of legal entities the Board of the National Bank of Ukraine decides:

1. Bring in Regulations on procedure for issue to legal entities of licenses for the provision to banks of services in collection approved by the resolution of Board of the National Bank of Ukraine of December 24, 2015 No. 926 (in edition of the resolution of Board of the National Bank of Ukraine of December 22, 2018 No. 150) (with changes), such changes:

1) in the Section I:

Item 5 in paragraph one the word "Board" shall be replaced with words "Committee on questions of supervision and regulation of activities of the markets of non-bank financial services";

to add Item 7 after paragraph two with two new paragraphs of such content:

"Repeated representation by the applicant of document package for receipt of the license or approval of National Bank on implementation of transactions on processing and storage of cash which was returned by National Bank on completion according to Item 56 of the Section VIII of this provision does not require implementation by the applicant of repeated payment if repeated representation of document package is performed within three months from the date of return of the previous document package for receipt of the license or approval of National Bank on implementation of transactions on processing and storage of cash.

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