The National Bank tightened the oversight over the activities of payment systems, according to NBU Board Resolution On Approval of Amendments to Certain Regulatory Acts of the National Bank of Ukraine №11 from February 13.

It comes into force since February 17, Finance.ua reports.

In particular, the above-mentioned resolution obligates payment systems to exercise control over the activities of their participants in terms of observing the rules of this payment system; to maintain a register of receiving and payment of cash funds to the participants; to store information about each transaction of funds transfer, conducted by the payment organization of the payment system, its participants and payment infrastructure service providers.

In addition, from now the payment systems are also obligated to register user requests in terms of operation of payment systems and transfer of funds, to provide its participants with information from NBU, concerning the provision of services by participants and payment infrastructure service providers.

The payment systems should provide its participants, the settlement bank, the operator of services of payment infrastructure with the information, necessary for ensuring the continuity of payment system and its risk management.

By the above-mentioned resolution, the regulator extended the reasons for application of adequate enforcement measures to the object of oversight, for example, the application of enforcement measures due to impositions of foreign sanctions within the term of their validity, starting from the day of the official release of information on application of such sanctions.

As reported, as of now the National Bank registered 22 internal state and international payment systems of residents, 10 internal state and international payment systems of non-residents, 13 intrabank payment systems and 16 payment infrastructure service providers.