Resolution of the NBU Amends the Regulation on Bank Licensing and Clarifies the Procedure for Approving Bank Managers. The main changes concern the rules for acquiring shares in legal entities related to the aggressor state and the procedure for approving bank managers. Structurally, the document amends four sections of the Regulation on Bank Licensing: Section II (regarding the acquisition of shares in legal entities), Section IV (regarding regulatory legal acts), Section VI (regarding the approval of managers), and Section X (regarding document management).
Key innovations:
– Exceptions for acquiring shares in legal entities related to the aggressor state have been detailed (through options, pension and investment funds, staff motivation systems)
– The procedure for re-electing bank managers appointed during the state-assisted market exit has been simplified
– The bank is now obligated to notify the NBU of changes in manager questionnaires no later than the last day of the following month
– The requirement to submit documents in three copies has been canceled
