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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of March 26, 2021 No. 26

About approval of the Regulations on licensing procedure on trade in currency values

According to Items 8-1, 14 of Article 7, Articles 15, of 44, 56 Laws of Ukraine "About the National Bank of Ukraine", the Laws of Ukraine "About currency and currency transactions", "About financial services and state regulation of the markets of financial services", for the purpose of arrangement of issue, suspension, renewal and withdrawal (cancellation) of licenses for trade in currency values the Board of the National Bank of Ukraine DECIDES:

1. Approve Regulations on licensing procedure on trade in currency values (further - the Provision) which are applied.

2. The National Bank of Ukraine (further - National Bank) provides entering into the State register of financial organizations / the register of faces which are not financial institutions, but have the right to provide separate financial services, records about issue of licenses for trade in currency values to non-bank financial institutions, operators of mail service (further - non-bank organizations) which on the date of entry into force of this resolution have the existing general licenses for implementation of currency transactions (further - general licenses) regarding implementation of activities for currency exchange or the license for implementation of currency transactions (further - currency licenses) regarding trade in currency values in cash form.

3. National Bank after entering into the State register of financial organizations / the register of faces which are not financial institutions, but have the right to provide separate financial services, records about issue to non-bank organization of the license for trade in currency values based on Item 2 of this resolution sends to such non-bank organization the statement from the specified register about licensing for trade in currency values.

4. National Bank along with entering into the State register of financial organizations / the register of faces which are not financial institutions, but have the right to provide separate financial services, enters records about issue to non-bank organization of the license for trade in currency values based on Item 2 of this resolution in the electronic register of licenses for implementation of currency transactions of record relatively:

1) licensing for trade in currency values;

2) withdrawal (cancellation) of the general license / the currency license - if such general license / the currency license granted the right to non-bank organization on implementation of activities for exchange to currencies/trade in currency values in cash form;

3) issues of the currency license with the changed list of currency transactions (with exception of trade in currency values in cash form from the list of currency transactions which are performed based on the currency license) instead of earlier issued general license / the currency license - if earlier issued general license / the currency license, except implementation of activities for exchange to currencies/trade in currency values in cash form, also granted the right to implementation of other currency transaction(s).

5. Non-bank organizations which have general licenses for implementation of activities for currency exchange or currency licenses on implementation of trade in currency values in cash form obtained about day of entry into force of this resolution continue to perform trade in currency values in cash form based on the general license / the currency license to day of entering by National Bank of record into the State register of financial organizations / the register of faces which are not financial institutions, but have the right to provide separate financial services, about issue to non-bank organization of the license for trade in currency values based on Item 2 of this resolution.

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