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Ministry of Justice of Ukraine

July 12, 2012

No. 1178/21490

RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of June 20, 2012 No. 254

About approval of the Regulations on procedure for regulation of activities of banking groups

(as amended on 24-12-2019)

According to the Law of Ukraine of 19.05.2011 No. 3394-VI "About introduction of amendments to some Laws of Ukraine concerning supervision on the consolidated basis", the Laws of Ukraine "About the National Bank of Ukraine", "About banks and banking activity", "About financial services and state regulation of the markets of financial services", for the purpose of ensuring banking system stability and introduction of supervision on the consolidated basis of the Board of the National Bank of Ukraine DECIDES: banking groups

1. Approve Regulations on procedure for regulation of activities of banking groups (further - the Provision) which are applied.

2. To the banking groups created till 19:12. 2011, to provide observance of the requirements and standard rates established by the Provision since 19.12.2013.

3. To the banking groups created after 19:12. 2011, to provide observance of the requirements and standard rates established by the Provision since 01.01.2013.

4. To responsible persons of the banking groups created till 19:12. 2011, to recommend to provide the reporting and information in the National Bank of Ukraine in the amount determined by the Provision in the test mode from 01.01.2013 till 19.12.2013.

5. Chapter 2 of the Section, the X Instruction about procedure for regulation of activities of banks in Ukraine approved by the resolution of Board of the National Bank of Ukraine of 28.08.2001 No. 368, of Ukraine registered in the Ministry of Justice 26.09.2001 for No. 841/6032 (with changes) to exclude. With respect thereto 3, of 4, 5 to respect Chapters respectively Chapters 2, of 3, 4.

6. (Novikov V. V.) to submit to department of normative and methodological ensuring bank regulation and supervision (Ivanenko N. V.), Legal department this resolution on state registration to the Ministry of Justice of Ukraine.

7. To department of normative and methodological ensuring bank regulation and supervision (Ivanenko N. V.) after state registration in the Ministry of Justice of Ukraine to bring contents of this resolution to permission of banks.

8. To banks which are members of banking groups to bring contents of this resolution to permission of banking groups, controllers and responsible persons of banking groups.

9. The resolution becomes effective from the date of official publication, except Chapter 5 of the Section II of Provisions which becomes effective from 01.01.2013.

10. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Sorkin I. V.

Acting Chairman

I. V. Sorkin

 

Approved by the Resolution of Board of the National Bank of Ukraine of June 20, 2012 No. 254

Regulations on procedure for regulation of activities of banking groups

Section I. General provisions

1. The Nastoshchy Provision is developed according to the law of Ukraine of 19.05.2011 No. 3394-VI "About introduction of amendments to some laws of Ukraine concerning supervision on the consolidated basis", to the Laws of Ukraine "About the National Bank of Ukraine", "About banks and banking activity" (further - the Law on banks), "About financial services and state regulation of the markets of financial services" taking into account the commonly accepted principles and standards in the international practice and establishes requirements concerning regulation of activities of banking groups for the purpose of ensuring banking system stability and restriction of risks which result from participation of financial institutions in banking groups.

2. Requirements of this provision extend to banking groups and subgroups which are determined within banking groups (further - subgroups of banking groups) according to the Regulations on procedure for identification and recognition of banking groups approved by the resolution of Board of the National Bank of Ukraine of 09.04.2012 No. 134, registered in the Ministry of Justice of Ukraine 28.04.2012 for No. 708/21021.

3. This Provision establishes procedure of payments of the consolidated regulatory capital (further - the regulatory capital) banking group, subgroups of banking group, the requirement concerning sufficiency of the regulatory capital of banking group, subgroups of banking group, including the necessary size of the regulatory capital of banking group, subgroups of banking group, and such obligatory economic standard rates:

a) standard rates of liquidity:

current liquidity (N5k);

short-term liquidity (N6k);

b) standard rates of credit risk:

the maximum extent of credit risk on one partner (N7k);

big credit risks (N8k);

the maximum extent of credit risk on one connected person (N9k)

the maximum extent of credit risk on transactions with the connected persons (N10k)

the maximum extent of credit risk on transactions with the connected faces which are not financial institutions (H10-1k);

c) standard rates of participation (investment):

participation (investment) in the capital of the legal entity which is not financial institution (N11k);

total amount of participation (investment) (N12k).

4. Banking groups and credit and investment subgroups shall fulfill requirements concerning sufficiency of the regulatory capital and all economic standard rates.

Insurance subgroups shall fulfill requirements concerning sufficiency of the regulatory capital.

5. The subgroups of banking group determined by geographical criterion which part different members of banking group irrespective of types of their activities are shall observe requirements concerning sufficiency of the regulatory capital and all economic standard rates. The subgroups of banking group determined by geographical criterion which part exclusively insurance companies are shall fulfill requirements concerning sufficiency of the regulatory capital.

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