The National Bank of Ukraine (NBU) changes the procedure of identification and recognition of banking groups, as it is reported in the resolution dd. December 11 №880, published on the regulator’s site, RBC-Ukraine reports.
The resolution is approved with the purpose of fulfillment of requirements of the Law of Ukraine №629-VIII “On Introduction of Amendments to Some Legislative Acts of Ukraine on Improvement of Individuals Deposit Guarantee System and Putting Insolvent Banks Out of Market”.
According to this law, companies, for which the provision of financial services is the primary type of activity, also belong to banking groups. The NBU resolution, in its turn, sets deadlines for submission to the National Bank by responsible persons of the banking groups, which received such status due to entering into force of the said law, and bringing by such groups of the groups of its activities in compliance with requirements of NBU regulatory legislative acts.
The message also says that considering practical use of norms of the regulation on the procedure of identification and acknowledgement of banking groups the amendments, which specify the procedure, are referred to this document: NBU acknowledgement of banking groups and determination of their subgroups, notification about changes of the shareholding structure of banking groups and NBU identification of these changes.
