The National Bank of Ukraine (NBU) has updated some regulations governing the execution of foreign exchange transactions by non-bank financial institutions to bring them in line with the Ukrainian law, the NBU press service reports.
“The amendments provide that from July 1 the format and content of a settlement document of an electronic fiscal device or programmable cash register for FX transactions shall be set by the Ministry of Finance and approved by the NBU,” reads the report posted on the central bank’s website.
Therefore, the central bank has declared invalid resolution No. 16 “On document for foreign exchange transaction accounting and registration”.
Until July 1, the form and content of this document was determined by the National Bank with the consent of the Ministry of Finance. These amendments were approved by the resolution of the Board of the National Bank dated July 1 No. 66 “On declaring certain regulations of the National Bank of Ukraine” and resolution No. 67 “On amendments to the regulations on the conduct of transactions with currency valuables”. Both resolutions came into effect on July 1. (Ukrinform/Business World Magazine)
