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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of April 15, 2022 No. 73

About features of cancellation of accreditation of representative offices of foreign banks in Ukraine in the conditions of warlike situation

According to Articles 7, of 15, of 55, 56 Laws of Ukraine "About the National Bank of Ukraine", to the Presidential decree of Ukraine "About introduction of warlike situation in Ukraine" of February 24, 2022 No. 64/2022, to No. 2102-IX approved by the Law of Ukraine "About approval of the Presidential decree of Ukraine "About introduction of warlike situation in Ukraine" of February 24, 2022, for the purpose of safety and financial stability of bank system in the conditions of warlike situation, considering implementation of military aggression by the Russian Federation against the state of Ukraine, the Board of the National Bank of Ukraine DECIDES:

1. The National Bank of Ukraine during action of warlike situation in Ukraine has the right to cancel accreditation of representative office of the foreign bank registered in the territory of the state which performs the armed aggression against Ukraine in the value given in article 1 of the Law of Ukraine "About defense of Ukraine" (further - the state aggressor), the tax resident of the state aggressor.

2. The National Bank of Ukraine cancels accreditation of representative office of bank of the state aggressor decision path by Board of the National Bank of Ukraine and entering (implementation) of record into the State register of banks about cancellation of accreditation of representation.

3. The resolution becomes effective from the date of its acceptance.

Chairman

K. Shevchenko

 

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