DECISION OF EXECUTIVE DIRECTORATE OF FUND OF GUARANTEEING HOUSEHOLD DEPOSITS OF UKRAINE

of July 23, 2012 No. 10

About approval of the Regulations on procedure for informing the public on system of guaranteeing household deposits

According to Article part three 12, Article part two 28, Item 13 of the Section X "Final and transitional provisions" of the Law of Ukraine "About system of guaranteeing household deposits" executive directorate of Fund of guaranteeing household deposits of RESHILA:

1. Approve Regulations on procedure for informing the public on system of guaranteeing household deposits it (is applied).

3. And the international organizations together with legal department to provide to department of public relations submission of this decision to the Ministry of Justice of Ukraine for state registration.

4. This decision becomes effective at the same time with entry into force of the Law of Ukraine "About system of guaranteeing household deposits", but not earlier than day of its official publication.

5. And the international organizations to provide to department of public relations placement of this decision on the official page of Fund of guaranteeing household deposits on the Internet after its state registration.

Approved by the Decision of executive directorate of Fund of guaranteeing household deposits of Ukraine of July 23, 2012 No. 10

Regulations on procedure for informing the public on system of guaranteeing household deposits

I. General provisions

1.1. This Provision is developed according to the Laws of Ukraine "About system of guaranteeing household deposits" (further - the Law), "About information", "About information security in information and telecommunication systems", "About access to public information" and establishes requirements concerning procedure for informing the public on system of guaranteeing household deposits.

1.2. The purpose of this provision is assistance to increase in level of awareness of the public on functioning of system of guaranteeing household deposits, conditions of conclusion of insolvent bank from the market or liquidation of bank and financial literacy of the population, strengthening of trust to bank system of Ukraine and ensuring compliance with the rights to information in the sphere of guaranteeing household deposits by ensuring availability, availability and reliability of the relevant information.

1.3. Requirements of this provision extend to all members of Fund of guaranteeing household deposits (further - Fund).

1.4. Transparency of system of guaranteeing household deposits is provided with provision of information which displays real situation and gives the chance to get acquainted with system of guaranteeing household deposits and conditions of conclusion of insolvent bank from the market or liquidation of bank.

1.5. If powers of Fund as liquidator of bank are performed by Fund directly, the website of such bank is the corresponding website of bank on the official website of Fund.

II. Informing public by Fund

2.1. The fund shall as of January 1 once a year, post on the official website the participant list of Fund no later than one month after approach of the corresponding term.

2.2. The fund shall post in addition on the official website information on changes in the list of members of Fund no later than 14 days after entering of corresponding changes into the register of members of Fund, and also the participant list of Fund.

2.3. The annual statement of Fund which contains the activities report of Fund for accounting year and the financial reporting is published on the official website of Fund no later than July 01 of the year following reporting.

The annual financial reporting of Fund confirmed with the independent subject of auditor activities will be promulgated in the Pravitelstvenny Kuryer or Golos Ukrainy newspapers not later than July 1 of the year following reporting.

2.4. The fund places information on implementation in bank of temporary administration:

a) on the official website not later than the next working day after the beginning of temporary administration in bank;

b) in the Pravitelstvenny Kuryer or Golos Ukrainy newspapers not later than in ten days after the beginning of temporary administration in bank.

2.5. Information on introduction shall contain in bank of temporary administration:

1) name, date and number of the decision of executive directorate of Fund on introduction of temporary administration and appointment of the authorized person of Fund;

2) date and number of the decision of the National Bank of Ukraine on reference of bank to category of insolvent;

3) the name and details of insolvent bank in which the temporary administration is entered;

4) surname, name, middle name (in the presence) the authorized person of Fund to which implementation of powers of governing bodies of bank is delegated (in case of delegation);

5) the term for which the temporary administration is entered.

2.6. The fund places information on prolongation of term of temporary administration:

1) on the official website no later than the next working day after adoption of the relevant decision by executive directorate of Fund;

2) in the Pravitelstvenny Kuryer or Golos Ukrainy newspapers not later than in ten days after adoption of the relevant decision by executive directorate of Fund.

2.7. The fund not later than in 20 working days from the date of the beginning of the procedure of conclusion Fund of bank from the market posts announcements of the beginning of compensation of means to investors on the official site of Fund.

The fund will also promulgate announcements of the beginning of compensation of means to investors in the Pravitelstvenny Kuryer or Golos Ukrainy newspaper.

2.8. The fund informs debtors and creditors of insolvent bank on sale of bank to the investor or on transfer of part or all assets and part or all obligations to the accepting / transitional bank by placement of the summarized information on the official website of Fund after signing of the relevant contract with the investor or the accepting bank.

2.9. The fund not later, than the next working day after receipt of the decision of the National Bank of Ukraine on withdrawal of the banking license and liquidation of bank posts information on it on the official website.

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