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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of October 8, 2024 No. 318

About approval of the Regulations on branches of foreign banks

Based on Article part one 39, of parts three and the fifth article 91 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve Regulations on branches of foreign banks it (is applied).

2. This resolution becomes effective after its official publication.

Chairman of the board

P.V.Kallaur

 

Approved by the Resolution of Board of National Bank of the Republic of Belarus of December 8, 2024 No. 318

Regulations on branches of foreign banks

Chapter 1. General provisions

1. This Provision determines procedure for opening, the basis and procedure for the termination of activities of branches of foreign banks in the territory of the Republic of Belarus, and also features of regulation of the specified activities and banking supervision behind it.

For the purposes of this provision the terms "currency exchange transactions", "foreign banks", "nonresidents" are used in the values determined respectively by subitems 1. 2, 1.9, 1.10 Item 1 of article 1 of the Law of the Republic of Belarus of July 22, 2003 No. 226-Z "About currency control and currency exchange control".

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