RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of September 25, 2007 No. 348

About approval of the Regulations on activities in Ukraine interstate and international payment systems

According to article 7 of the Law of Ukraine "About the National Bank of Ukraine" and Articles 9, of 12, of 41 Law of Ukraine "About payment systems and money transfer in Ukraine", for the purpose of settlement, the international payment systems connected with activities in Ukraine, money transfer systems between physical persons without opening of the account which payment institutes are resident banks (money transfer dalshesistema) and implementation of their monitoring, the Board of the National Bank of Ukraine DECIDES:

1. Approve Regulations on activities in Ukraine interstate and international payment systems (dalshepolozheniye) which is applied.

2. Recognize to invalid:

the resolution of Board of the National Bank of Ukraine of 15.04.2005 N131 "About Approval of the Regulations on Order of Registration of Agreements on Membership or about Participation in International Payment Systems" registered in the Ministry of Justice of Ukraine 05.05.2005 for N470/10750;

the resolution of Board of the National Bank of Ukraine of 27.11.2006 N444 "About Approval of Changes to Regulations on Order of Registration of Agreements on Membership or on Participation in International Payment Systems" registered in the Ministry of Justice of Ukraine 12.12.2006 for N1303/13177.

3. To department of payment systems (Lapko N. G.) together with Department of informatization (Savchenko A. S.), Department concerning prevention of use of bank system for legalization of the criminal income and financing of terrorism (Berezhnaya O. M.):

ensure functioning concerning approval of rules of money transfer systems;

extend registration of the agreements signed by banks, non-bank financial institutions, the national operator of mail service, payment institutes of interstate payment service providers and other organizations, founders (participants) of which are banks, and also non-bank financial institutions, about membership or about participation in international payment systems.

4. To banks which to the introduction in operation of this resolution implemented money transfer systems and signed agreements on membership or on participation in these systems with other banks of Ukraine, non-bank financial institutions which have the license of the special representative of executive body in the field of regulation of the markets of financial services on money transfer implementation, the national operator of mail service and/or legal nonresident persons, and also agreements with payment institutes of the international payment nonresident systems for implementation of money transfer with the assistance of two payment service providers within 90 calendar days from day of the introduction of this resolution in action:

file to the National Bank of Ukraine documents for review of rules of money transfer systems;

report to the National Bank of Ukraine according to the procedure, established by the Provision, about above-mentioned agreements.

5. To department of payment systems (Lapko N. G.) after state registration in the Ministry of Justice of Ukraine to bring contents of this resolution to permission of banks of Ukraine, non-bank financial institutions which have the license of the special representative of executive body in the field of regulation of the markets of financial services on money transfer implementation, and the national operator of mail service for management and use in work.

6. To impose control over the implementation of this resolution on the chief executive concerning payment systems and calculations Kravts V. M.

7. The resolution becomes effective in 10 days after state registration in the Ministry of Justice of Ukraine.

Approved by the Resolution of Board of the National Bank of Ukraine of September 25, 2007 No. 348

Regulations on activities in Ukraine interstate and international payment systems

This Provision is developed according to Article 7, 40 Laws of Ukraine "About the National Bank of Ukraine", Articles 9, of 10, of 12, of 41 Law of Ukraine "About payment systems and money transfer in Ukraine", other laws of Ukraine and regulatory legal acts of the National Bank of Ukraine.

I. General provisions

1. The provision determines procedure:

registration by the National Bank of Ukraine (further - National Bank) agreements on membership or on participation (further - agreements on membership/participation) in the international payment systems concluded by the banks, non-bank financial institutions having the license of the special representative of executive body in the field of regulation of the markets of financial services on money transfer implementation, the national operator of mail service, payment institutes of interstate payment service providers and other organizations, founders (participants) of which are banks, and also non-bank financial institutions (further - legal entities), with payment institutes of the international payment nonresident systems or nonresident organizations authorized by them;

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