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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of January 6, 2023 No. 1

About approval of the Regulations on licensing of Export credit agency and conditions of implementation by it of activities for insurance, reinsurance, provision of guarantees and modification of some regulatory legal acts of the National Bank of Ukraine
(Extraction)

According to Articles 7, of 15, 55-1, 56 of the Law of Ukraine "About the National Bank of Ukraine", Articles 5, 27-29, 34 of the Law of Ukraine "About financial services and state regulation of the markets of financial services", Articles 2, of 5, of 6, of 9, 11 Laws of Ukraine "About financial mechanisms of stimulation of export activities", for the purpose of determination of procedure for licensing of Export credit agency and conditions of implementation of activities for insurance, reinsurance by it, decide provisions of guarantees, regulation of procedure by the National Bank of Ukraine of supervision of activities of the Board of the National Bank of Ukraine Export credit agency:

1. Approve Regulations on licensing of Export credit agency and condition of implementation by it of activities for insurance, reinsurance, provision of guarantees which is applied.

2. Approve Changes in:

1) Regulations on implementation of the 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) which are applied;

2) Regulations on application of corrective actions by the National Bank of Ukraine in the sphere of the state regulation of activities in the markets of non-bank financial services approved by the resolution of Board of the National Bank of Ukraine of February 01, 2021 No. 12 (with changes) which are applied;

3) Regulations on the organization, carrying out and the registration of results of inspection checks of participants of the markets of non-bank financial services approved by the resolution of Board of the National Bank of Ukraine of February 26, 2021 No. 22, which are applied.

3." To add Item 1 of the Section I of the Provision about reinsurance at the insurer (overcautious person) of the nonresident approved by the resolution of Board of the National Bank of Ukraine of October 20, 2021, No. 107, after words "insurers (overcautious persons) with the words "including Export credit agency".

4. To export credit agency (further - EKA):

To give 1) within one month from the date of entry into force of this resolution to the National Bank of Ukraine (further - National Bank) to one of the methods determined in Item 20 of Chapter 2 of the Section I of the Regulations on licensing and registration of predostavitel of financial services and conditions of the implementation by them of activities for provision of financial services approved by the resolution of Board of the National Bank of Ukraine of December 24, 2021 No. 153 (with changes) (further - Regulations on licensing), the registration card of the legal entity constituted in the form given in appendix 1 to the Regulations on licensing;

2) within six months from the date of entry into force of this resolution to file in National Bank petition for licensing for implementation of activities of EKA.

5. The National Bank performs actions of the state supervision of EKA, including permanent supervision, conducting scheduled and unscheduled inspection inspections, calculation of term for implementation of scheduled inspection inspections, application of the measures provided by the Law of Ukraine "About financial mechanisms of stimulation of export activities" and the corrective actions provided by the Law of Ukraine "About financial services and state regulation of the markets of financial services" from the date of receipt of license for activities of EKA.

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

Chairman

A. Magnificent

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