The National Bank of Ukraine adopted Resolution No.368 on approval of amendments to some legislative instruments of the NBU on June 4, 2015, according to the ministerial department’s press-office.
This resolution enters some changes to the regulations on presenting the bank’s ownership data reports and the guidelines on registration and licensing of banks, opening of braches.
Thus, the regulations on presenting the bank’s ownership data reports improve and simplify the reporting procedure, ensuring its transparency.
The enactment on the procedure for registration and licensing of banks, opening of branches simplifies the capital adequacy evaluation process, improving the appraisal process of proceeds on equity investments derived by substantial shareholders; in this case, it is applied to foreign banks with a sufficient investment grade credit rating. The requirement to present the consolidated financial statements to be submitted by banks, financial institutions, public companies, legal entities having an investment merit, investment grade credit rating, has been annulled.
