The National Bank of Ukraine (NBU) proposed to discuss updating the procedures for licensing and registering service providers, in particular, it proposed to recognize the residence of the Russian Federation as a sign of a faulty business reputation, the press service of the regulator reported on Monday.
According to the report, the NBU proposes to establish a new sign of a faulty business reputation, in particular, for individuals - the presence of citizenship or tax residence or place of permanent residence of the aggressor state, for legal entities - registration or tax residence of the Russian Federation or its location in the aggressor state.
It is proposed to prohibit such persons from exercising the right to vote on their shares and shares and from exercising any control over a non-banking financial institution.
It is also proposed to determine the procedure for appointing a trustee who is granted the right to vote and manage and must meet the requirements of the National Bank regarding business reputation.
The Decree regulates the procedure for issuing a license to trade in currency values in order to unify the approach to issuing such licenses.
In addition, it is proposed to regulate the procedure for the reorganization of financial service providers, financial payment service providers and to determine updated approaches to assessing the origin of sources of funds for the formation of authorized capital.
The NBU also proposes to exclude the rules on the need to approve, acquire or increase a significant participation in a non-banking financial institution (except for an insurer) and introduce a procedure for the National Bank to approve the acquisition of a significant participation in financial payment service providers.
In addition, it is proposed to expand the requirements of the regulation on licensing for financial services providers, in particular, in the corporate governance system, managers and the procedure for their appointment, to the rules for combining positions, separate divisions, to the procedure for agreeing on the acquisition or increase of significant participation, evaluation criteria financial and property status.
The draft regulation also provides for the right of the National Bank to establish a temporary ban on the use by the owner of a significant participation in a non-banking financial institution of the right to vote and determines the procedure for appointing a trustee to whom the right to vote is transferred.
