RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of April 14, 2015 No. 248

About modification of some regulatory legal acts of the National Bank of Ukraine

According to requirements of article 99 of the Constitution of Ukraine, Articles 7, of 25, of 44, 56 Laws of Ukraine "About the National Bank of Ukraine", the Decree of the Cabinet of Ministers of Ukraine of February 19, 1993 "About system of currency control and currency exchange control" Board of National Bank Ukraine decides No. 15-93:

1. No. 182 "About reduction of limits of open foreign exchange position of bank system of Ukraine to international standards" to add the resolution of Board of the National Bank of Ukraine of March 31, 2014 after item 4 with new Item 5 of the following content:

"5. Authorized banks have the right to perform purchase of the foreign currency arriving from foreign investors for increase in the authorized capital of these banks in the amount which is not exceeding or equal to amount of currency holdings which on date of this transaction are not included in calculation of common (long/short) open foreign exchange position.

Authorized banks which perform the operation specified in paragraph one of this Item shall include in calculation of common (long/short) open foreign exchange position reserves over the percent established in graphics in the amount of, equivalent to the size of the redeemed foreign investment".

With respect thereto Items 5 - 10 to consider respectively Items 6 - 11.

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