RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of February 10, 2016 No. 65

About the minimum size of the security capital, procedure for its forming, replenishment and use, requirements to the mode of functioning of the current (settlement) bank account with the special mode of functioning for forming and use of the security capital

Based on the paragraph of the seventh Item 10, of paragraphs of the fourth and sixteenth Item 17 of the Presidential decree of the Republic of Belarus of June 4, 2015 No. 231 "About implementation of activities in the Forex curb market", the Board of National Bank of the Republic of Belarus DECIDES: parts one of article 39 of the Bank code of the Republic of Belarus

1. Establish the following minimum sizes of the security capital:

50 percent of the marginal providing brought by resident clients;

25 percent of the marginal providing brought by nonresident clients.

2. Determine that:

2.1. the security capital is created and Forex company is replenished, National Forex center at the expense of the foreign currency cash brought by clients as marginal providing and is placed on the current (settlement) bank accounts with the special mode of functioning Forex company, National Forex center (further - special accounts), opened at least in two banks or the non-bank credit and financial organizations of the Republic of Belarus;

2.2. special accounts are opened based on the agreements of the special account signed between Forex company or National Forex center and bank or the non-bank credit and financial organization of the Republic of Belarus in which the mode of functioning of the special account taking into account the requirements provided by parts one and the second Item 12 of the Presidential decree of the Republic of Belarus of June 4, 2015 No. 231 and this resolution is set;

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