Good day! Let’s consider the changes to the Regulation on the Procedure for Payment Service Providers to Execute Payment Instructions in Foreign Currency and Banking Metals.
1. **Essence of the Changes:**
The resolution introduces changes to the procedure for executing payment instructions in foreign currency and banking metals. The changes concern the requirements for payment instructions, information provided to the recipient of funds, execution of instructions from controlling bodies regarding the compulsory debiting of funds, as well as the specifics of the arrest of funds when the account number is changed.
2. **Structure and Main Provisions:**
Changes are made to various sections of the Regulation, namely:
* Section I is supplemented with a reference to EU Regulation No. 260/2012 regarding requirements for transfers in euros.
* Section II: the requirements for the requisites of payment instructions are clarified, in particular, regarding commission payment codes and identification codes.
* Section III: clarifications are made regarding the reference to the legislation of Ukraine.
* Section IV: provides for the obligation of the payment service provider of the recipient to provide information about the payer and the amount of credited funds.
* Section V: details the procedure for executing payment instructions for the compulsory debiting of funds, drawn up by controlling bodies, including the sale of foreign currency.
* Section VI: defines the procedure in case of a change in the payer’s account number in the presence of an arrest on funds.
3. **Main Provisions for Use:**
* Payment service providers must ensure that recipients of funds are provided with information about the payer and the amount of credited funds.
* Banks must take into account the specifics of the execution of payment instructions of controlling bodies for the compulsory debiting of funds, in particular, regarding the sale of foreign currency.
* It must be taken into account that the arrest of funds does not cease in the event of a change in the payer’s account number.
* Subparagraphs 5 and 7 of paragraph 5 of the Amendments to the Regulation, which concern the compulsory debiting of funds by controlling bodies, come into force on August 1, 2026.
