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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of September 15, 2022 No. 203

About approval of Rules of creation and submission of the plan of recovery of activities of credit union to the National Bank of Ukraine

According to Articles 7, of 15, 55-1, 56, 58 Laws of Ukraine "About the National Bank of Ukraine", to Articles 21, 28 Laws of Ukraine "About financial services and state regulation of the markets of financial services", to Items 12 and 13 of the Section IX of the Law of Ukraine "About credit unions", to the Law of July 27, 2022 No. 2463-IX "About modification of some legal acts of Ukraine concerning features of activities of the financial sector in connection with introduction of warlike situation in Ukraine", to the Presidential decree of Ukraine of February 24, 2022 No. 64/2022 "About introduction of warlike situation in Ukraine", to No. 2102-IX approved by the Law of Ukraine of February 24, 2022 "About approval of the Presidential decree of Ukraine "About introduction of warlike situation in Ukraine", for the purpose of settlement of creation and submission to the National Bank of Ukraine by credit unions of plans of recovery of the activities the Board of the National Bank of Ukraine DECIDES:

1. Approve Rules of creation and submission of the plan of recovery of activities of credit union to the National Bank of Ukraine which are attached.

2. The credit union which supervisory board used according to Item 8 of the Section IX of the Law of Ukraine "About credit unions" the right of temporary suspension of operations of credit union during action of warlike situation in Ukraine shall submit after recovery of the activities to the National Bank of Ukraine the financial reporting and reporting data according to Rules of creation and submission of the reporting by the participants of the market of non-bank financial services to the National Bank of Ukraine approved by the resolution of Board of the National Bank of Ukraine of November 25, 2021 No. 123, since the accounting period in which the credit union resumed the activities.

3. To department of methodology of regulation of activities of non-bank financial institutions (Sergey Savchuk) after official publication to inform credit unions information on adoption of this resolution.

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

Acting as Chairman

Ya. Matuzka

Approved by the Resolution of Board of the National Bank of Ukraine of September 15, 2022 No. 203

Rules of creation and submission of the plan of recovery of activities of credit union to the National Bank of Ukraine

I. General provisions

1. These Rules are developed according to the Laws of Ukraine "About the National Bank of Ukraine", "About financial services and state regulation of the markets of financial services", "About credit unions".

2. Requirements of these Rules extend to credit unions which supervisory boards used according to Item 8 of the Section IX of the Law of Ukraine "About credit unions" the right of temporary suspension of operations of credit union during action of warlike situation in Ukraine.

Requirements of these Rules do not extend to credit unions which resumed the activities about day of the termination or cancellation of warlike situation in Ukraine.

3. These Rules determine the minimum requirements to the plan of recovery of activities of credit union which shall give credit union to the National Bank of Ukraine (further - National Bank) according to requirements of Item 13 of the Section IX of the Law of Ukraine "About credit unions" (further - the plan of recovery of activities). The plan of recovery of activities may contain other provisions directed to recovery of activities of credit union.

4. The term "authorized officer of National Bank" is used in these rules in the value given in Regulations on the implementation of permanent supervision by the National Bank of Ukraine in the markets of non-bank financial services approved by the resolution of Board of the National Bank of Ukraine of December 28, 2020 No. 169 (with changes).

Other terms used in these rules are used in the values determined by the legislation of Ukraine.

II. Requirements to the plan of recovery of activities

5. The plan of recovery of activities shall contain:

1) general information about credit union:

the complete and reduced (in the presence) name of credit union;

identification code of the legal entity;

location of credit union;

information about staff of governing bodies [surnames, own names, middle names (in the presence), positions, capability of members of governing bodies to continue accomplishment of job responsibilities, the need for election/appointment of new members in governing bodies, the reasons of such requirement];

information about the chief accountant and key persons of credit union, capability of the chief accountant, key persons of credit union to continue accomplishment of job responsibilities, the need for appointment of the new chief accountant / key person;

the number of other employees of credit union, including the number of the workers capable to continue accomplishment of job responsibilities;

number of credit union members;

the number of separate divisions (in the presence), the number of separate divisions which renewed/will resume work;

2) data on condition of property of credit union which are used for ensuring its activities:

availability of the rooms suitable for use for provision of financial services by credit union;

availability of the real estate damaged or destroyed as a result of fighting, acts of terrorism, diversions, connected with military aggression of the Russian Federation, and plans for its recovery;

availability of the technical supply suitable for use for provision of financial services by credit union;

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