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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of December 27, 2024 No. 189

About approval of Changes in Regulations on application of corrective actions by the National Bank of Ukraine

According to Articles 7, 15 and 56 Laws of Ukraine "About the National Bank of Ukraine", Articles 66, of 67, 73 and 74 Laws of Ukraine "About banks and banking activity", Articles 2, of 17, of 32, of 33, of 34, of 36, of 43, of 47, of 49, of 51, of 54, of 63, of 64, of 71, 75 Laws of Ukraine "About ministerial procedure", for the purpose of harmonization of procedures of the National Bank of Ukraine concerning application of corrective actions by the National Bank of Ukraine with the general principles of the administrative right, increase in transparency and efficiency of accomplishment of functions of public administration by the National Bank of Ukraine, and also enhancement of procedure for application of corrective actions by the National Bank of Ukraine, financial / penalties against banks, branches of foreign banks and other persons who are covered by supervising activities of the National Bank of Ukraine the Board of the National Bank of Ukraine decides:

1. Approve the Change in Regulations on application 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 at No. 1590/21902 (with the enclosed changes).

2. The resolution becomes effective since January 1, 2025.

Approved by the Resolution of Board of the National Bank of Ukraine of December 27, 2024, No. 189

Changes in Regulations on application of corrective actions by the National Bank of Ukraine

1. In the Section I:

1) in Chapter 1:

in Item 1.2:

the ninth subitem 1 to state the paragraph in the following edition:

"requirements and/or decisions of National Bank made according to articles 66 and 67 of the Law on banks;";

add subitem 3 with words "(further - implementation of risk activities)";

add Chapter with new Item of the following content:

"1.4. The National Bank performs administrative production on decision making, determined by this provision, according to the Law of Ukraine "About ministerial procedure" taking into account the features established by the Law of Ukraine "About the National Bank of Ukraine", the Law on banks.";

2) in Chapter 3:

in Item 3.1:

in paragraph one of the word "based on results and/or materials" shall be replaced with words "by results";

the ninth to state the paragraph in the following edition:

"application of foreign and/or Ukrainian sanctions";

state Item 3.2 in the following edition:

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