On December 22, 2010 the Board of the National bank of Ukraine (NBU) adopted the Resolution No. 572 “On adjustment of issues regarding performance of certain currency operations” (hereinafter – the Resolution No. 572). Said Resolution No. 572 was registered by the Ministry of Justice of Ukraine on 20 January, 2011, and shall become effective [...]
At the beginning of 2011 regulator of non-bank financial markets has been defendant under 347 lawsuits. During 2010 court initiated 278 cases with the State commission on regulation of financial services markets of Ukraine (the State commission) as defendant. In general, as to begin of 2010 there are 347 cases. Changes in management of the [...]
On December 22, 2010 the Board of the National bank of Ukraine (NBU) adopted the Resolution No. 571 “On alteration of Regulation on procedure of attraction of loans in foreign currency by residents from non-residents, and provision of loans in foreign currency by residents to non-residents” (hereinafter – the Resolution No. 571). Said Resolution No. [...]
The President of Ukraine has signed the Law of Ukraine as of 13 January, 2011 No. 2921-VI “On changes to the Law of Ukraine “On duty on obligatory state pension insurance”. According to the said Law the duty on obligatory state pension insurance from operations of individuals and legal entities on sale-purchase of cashless foreign [...]
On 15 November, 2010 the National bank of Ukraine (NBU) issued a letter No. 13-210/5939-20044 (Letter) in which it clarified some issues of performance of foreign currency operations by resident-guarantor/surety. Mentioned Letter contains the following position of the NBU: – A Ukrainian bank may transfer foreign currency to non-resident – creditor abroad or within Ukraine [...]
On 7 November 2010 the “Order of formation of provisions for loans and interests accrued on them and writing off the unrecoverable indebtedness by banks” (“the Order”) implemented by the Resolution of the Board of the National bank of Ukraine No. 424 as of 13 September, 2010 (“the Resolution”) became effective. According to the Resolution [...]
