By Economic Pravda posted in Reforms in Ukraine, which collects and posts all reforms in Ukraine since the Maidan revolution
Translated and edited by Voices of Ukraine
Reform enacted by: National Bank of Ukraine (NBU)
The NBU has simplified the procedure for opening, use and closure of accounts in national and foreign currencies. This was announced in a statement by the regulator, according to the Financial Club.
According to the report, the NBU has simplified the bank procedure for opening accounts for business entities. Now banks, when opening accounts, can independently obtain information about business entities from the official website of the Unified State Register of Legal Entities and Sole Traders. In this case, the regulator has foreseen it to be the bank’s duty to independently carry out client verification itself.
In addition, the principle of tacit consent was introduced in the case of the bank’s non-receipt of notice from a supervisory authority of the taking of accounts for register.
The regulation simplifies the procedure for opening accounts for non-resident investors, providing the opportunity to certify the validity of signatures on the card with samples of notarized signatures from a foreign state.
The regulator has also enabled physical entities to receive foreign currency from abroad on their current account.
In addition, the resolution defines the procedure of opening a current account by a guardian of a physical entity recognized as incompetent by the court.
The appropriate changes were made to the Regulations on Opening, Use and Closure of Accounts secured by the NBU Number 833 on November 27 and come into force on December 2nd.
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