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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of July 4, 2018 No. 75

About approval of the Regulations on the organization of financial accounting, accounting control during implementation of operating activiies in banks of Ukraine

According to Articles 7, of 15, of 41, 56 Laws of Ukraine "About the National Bank of Ukraine", article 68 of the Law of Ukraine "About banks and banking activity", for the purpose of enhancement of regulatory legal acts which establish requirements for the organization of financial accounting in banks of Ukraine the Board of the National Bank of Ukraine DECIDES:

1. Approve Regulations on the organization of financial accounting, accounting control during implementation of operating activiies in banks of Ukraine.

2. Recognize invalid regulatory legal acts of the National Bank of Ukraine according to the list which is attached.

3. To accounting department (Lukasiewicz B. V.) after official publication to inform banks information on adoption of this resolution.

4. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Borisenko G. M.

5. The resolution becomes effective from the date of, its official publication following behind day.

Chairman
Ya. V. Smoly

Approved by the Resolution of Board of the National Bank of Ukraine of July 4, 2018 No. 75

Regulations on the organization of financial accounting, accounting control during implementation of operating activiies in banks of Ukraine

I. General provisions

1. This Provision is developed according to the Laws of Ukraine "About the National Bank of Ukraine", "About banks and banking activity", "About financial accounting and the financial reporting in Ukraine" and the basic principles of international accounting standards.

2. This Provision establishes the main requirements for financial accounting and accounting control during implementation of operating activiies in banks of Ukraine.

3. In this Provision terms are used in such value:

1) analytical accounts - registers of analytics;

2) financial accounting in banks - process of identification, measurement, registration, accumulating, generalization, storage and information transfer about transactions of bank to external and internal users for decision making;

3) the executive in charge - the employee of bank which according to its service duties and/or the order of management of bank has powers to carry out certain transactions and bears responsibility for their proper execution;

4) intra banking activities - transactions of bank which are not connected with accomplishment of orders of clients;

5) intra bank accounts - all other accounts of analytics which do not belong to client accounts;

6) client accounts - personal accounts on which means of clients of bank are considered. Correspondent, current, supplementary (deposit) accounts, accounts of conditional storage belong to client accounts (eskro);

7) accounting policy - set of the principles, methods and procedures which is used by bank for conducting financial accounting, creation and accounts presentation;

8) operating activiies of bank - set of the engineering procedures connected with documentation of information on transactions of bank (further - transactions), carrying out their registration in the corresponding registers, checking, reconciliation and control of operational risks;

9) operational day - part of the working day of bank during which documents for transfer and documents on response are accepted from clients and it is possible to perform, if technically possible, their processing, transfer and accomplishment. Duration of operational day is established by bank independently and is enshrined in its internal regulations;

10) operational time - part of operational day of bank during which documents for transfer and documents on response which shall be processed, transferred and executed by this bank during the same working day are accepted. Duration of operational time is established by bank independently and is enshrined in its internal documents;

11) transaction of bank - action or event owing to which there are changes in financial condition of bank and on balance sheet or off-balance bank accounts;

12) personal account - the account of analytics of the transactions with clients of bank performed according to prisoners between bank and clients of agreements;

13) assessment - process of determination of sums of money on which elements of financial statements in the Financial status statement (Balance) and in the Profit and loss statement and other comprehensive income (The report on financial results) shall be recognized and be reflected;

14) the source document - the document containing data on transaction;

15) registers synthetic and analytics of transactions are the carriers of special format (paper, electronic) in the form of sheets, books, magazines intended for the chronological, systematic or combined accumulating, grouping and generalization of information from the source documents accepted to accounting;

16) storno - error correction method in bookkeeping registers by the return record at size of mistake and simultaneous specifying of the correct amount. Corrections are made to the bookkeeping register in that accounting period in which mistakes which can arise during mathematical calculations, application of accounting policy, the wrong interpretation of the facts, wrong transfer and/or cash write-off on accounts, improper execution of job responsibilities are revealed;

17) the financial reporting - the reporting which contains information on financial position and results of activities of bank.

Other terms are used in the values determined by regulatory legal acts of the National Bank of Ukraine.

4. The National Bank of Ukraine develops and approves regulatory legal acts on the organization and conducting financial accounting in banks.

5. The bank independently determines system of the organization of operating activiies depending on its structure, amounts and types of banking activities, the number working of development of information technologies. The bank independently develops technologies of banking operations. Information processing about transactions and its storage shall be carried out on servers and/or other computer equipment which/which shall / and be located physically in the territory of Ukraine, except for preserving the backup copies protected with use of appropriate means of technical and/or cryptographic protection.

Requirements to information support of operating activiies of bank are stated in annex to this Provision.

6. The bank shall provide:

1) documentation of all made transactions by its separate divisions (creation of source documents and bookkeeping registers);

2) timely, complete and reliable reflection in bookkeeping registers of all transactions which perform its separate divisions;

3) observance of requirements of accounting policy of bank by separate divisions;

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