RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of June 15, 2017 No. 54

About modification of some regulatory legal acts of the National Bank of Ukraine

According to Articles 7, of 15, of 25, of 44, 56 Laws of Ukraine "About the National Bank of Ukraine", to the Laws of Ukraine "About electronic documents and electronic document management", "About the digital signature", to Articles 5, of 11, 13 Decrees of the Cabinet of Ministers of Ukraine of February 19, 1993 No. 15-93 "About system of currency control and currency exchange control", for the purpose of enhancement of regulatory legal acts of the National Bank of Ukraine the Board of the National Bank of Ukraine decides:

1. Approve Regulations on functioning of the automated information system of the National Bank of Ukraine "The register of individual licenses on implementation of currency transactions by physical persons" which is applied.

2. Chapter 1 of the Instruction about procedure for the issue of individual licenses on implementation of investments abroad approved by the resolution of Board of the National Bank of Ukraine of March 16, 1999 No. 122, registered in the Ministry of Justice of Ukraine on April 26, 1999 for No. 259/3552 (with changes) to add with new Item of the following content:

"1.11. The individual license on implementation by the physical resident person who is not the subject of business activity, investment abroad on the amount to 50 000 US dollars inclusive (equivalent of this amount in other foreign currency on the official rate of hryvnia to the foreign currencies established by the National Bank of Ukraine on date of issue of the individual license) is issued by the National Bank of Ukraine electronically by means of the automated information system of the National Bank of Ukraine "The register of individual licenses on implementation of currency transactions by physical persons".

The procedure for functioning of this automated information system and provision by the National Bank of Ukraine by this system of the individual license electronically (including features of obtaining, issue, cancellation, effective period of the license, the refusal bases in its issue, etc.) is determined by the separate regulatory legal act of the National Bank of Ukraine".

3. Chapter 1 of the Regulations on procedure for issue of individual licenses on transfer of foreign currency out of limits of Ukraine for payment of bank metals and the carrying out separate currency transactions approved by the resolution of Board of the National Bank of Ukraine of June 17, 2004 No. 266, registered in the Ministry of Justice of Ukraine on July 16, 2004 for No. 897/9496 (with changes), after Item 1.9 to add with new Item 1.10 of the following content:

"1.10. The individual license for implementation by the physical resident person who is not the subject of business activity, fee according to the life insurance contract signed with the nonresident on the amount to 50 000 US dollars inclusive (equivalent of this amount in other foreign currency on the official rate of hryvnia to foreign currencies established by National Bank on date of issue of the individual license) is issued by National Bank electronically by means of the automated information system of the National Bank of Ukraine "The register of individual licenses on implementation of currency transactions by physical persons".

The procedure for functioning of this automated information system and provision by National Bank by this system of the individual license electronically (including features of obtaining, issue, cancellation, effective period of the license, the refusal bases in its issue, etc.) is determined by the separate regulatory legal act of the National Bank of Ukraine".

With respect thereto to consider Item 1.10 Item 1.11.

4. Chapter 1 of the Regulations on procedure for issue of individual licenses by the National Bank of Ukraine on placement of currency values by residents (legal entities and physical person) on accounts outside Ukraine approved by the resolution of Board of the National Bank of Ukraine of October 14, 2004 No. 485, registered in the Ministry of Justice of Ukraine on November 05, 2004 for No. 1413/10012 (with changes) to add with new Item of the following content.

"1.16. The individual license on placement by the physical resident person who is not the subject of business activity, currency values on accounts outside Ukraine on the amount to 50 000 US dollars inclusive (equivalent of this amount in other foreign currency on the official rate of hryvnia to foreign currencies established by National Bank on date of issue of the individual license) is issued by National Bank electronically by means of the automated information system of the National Bank of Ukraine "The register of individual licenses on implementation of currency transactions by physical persons".

The procedure for functioning of this automated information system and provision by National Bank by this system of the individual license electronically (including features of obtaining, issue, cancellation, effective period of the license, the refusal bases in its issue, etc.) is determined by the separate regulatory legal act of National Bank".

5. No. 410 "About settlement of situation in the monetary and currency markets of Ukraine" (with changes) after paragraph two to add the subitem 20 of Item 6 of the resolution of Board of the National Bank of Ukraine of December 13, 2016 with the new paragraph third the following content:

"Transactions of the physical persons which are not subjects of business activity, based on the individual licenses of the National Bank of Ukraine electronically granted by means of the automated information system of the National Bank of Ukraine "The register of individual licenses on implementation of currency transactions by physical persons" according to the procedure, determined by the separate regulatory legal act of the National Bank of Ukraine".

With respect thereto third - the seventh to consider paragraphs respectively paragraphs the fourth the eighth.

6. To department of the public markets (Ponomarenko S. V.) after official publication to bring contents of this resolution to the attention of banks of Ukraine for use in work, and to banks of Ukraine - to data of clients.

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