On August 19, the NBU Board passed the resolution №374, which introduced amendments to the Regulation on Undertaking Enforcement Measures by the National Bank, approved by the Resolution dd. 17 August 2012 № 346.
Thus, the amendments were introduced to the calculation of certain fines:
for non-provision/untimely provision, provision of unreliable statistical reporting;
for violation by the bank of the procedure for forming and keeping obligatory reserves;
for provision of unreliable information or non-provision/untimely provision of information on the ownership structure
This resolution extends the list of criteria for declaring the bank insolvent on the basis of:
inobservance by the bank of the procedure for forming and keeping obligatory reserves within more than three periods for keeping obligatory reserves in a row (except for the volume, which should be kept daily on the correspondent account in the National Bank);
establishing the fact of conclusion by the bank of agreements (contracts) with associated persons under the terms, which are the current market terms, which led to the non-performance by the bank of one of prudential regulations or obtaining damages/loss-making activities.
In addition, the separate norms, regulating the activities of the bank supervisor, appointed by NBU, were amended.
The resolution comes into force since the day, following the day of its official publishing.
