OREANDA-NEWS. December 03, 2007. On September 25, 2007 has come into force the Resolution # 348 of the Board of the National Bank of Ukraine "On approval of Resolution on Procedure of Registration of Agreements on Membership or Participation in International Payment Systems and Coordination of Rules on Systems of Fund-transfer Established by Resident Banks", which was registered with the Ministry of Justice of Ukraine on 15.10.2007 under # 1173/14440 (below referred to as the Resolution), reported the press-centre of National Bank of Ukraine.

In accordance with the legislation of Ukraine the following legal entities are entitled to conclude agreements on membership or participation in international payment systems:

- banks of Ukraine;

- non-banking financial institutions, which were granted license of the special authorized body of the executive power in the field of regulation of markets on financial services to effect fund transfer;

- national operator of the mail service.

Legal entities commit themselves to register such agreements prior to rendering services of corresponding  payment system in the order set by the Resolution # 348 of the Board of the National Bank of Ukraine on Procedure of Registration of Agreements on Membership or Participation in International Payment Systems and Coordination of Rules on Systems of Fund-transfer Established by Resident Banks", which was registered with the Ministry of Justice of Ukraine on 15.10.2007 under # 1173/14440 (below referred to as the Resolution).

For registration of an agreement on membership or participation in international payment systems, the  National Bank of Ukraine shall be provided with a list of documents relating to:
- organization and functioning of an international payment system;

- activities of a legal entity within the system.

According to issue 9 of Chapter 2 of the Resolution, documents on  organization and functioning of an international payment system (sub-issues "v-g" of issue 1 of Chapter 2 of the Resolution) can be submitted to the National Bank of Ukraine by the payment institution of such system in the person of its authorized representative or a clearing bank.

In such case, after documents are considered by the National Bank of Ukraine and relative information is released in this web site, legal entities shall have the right  to provide only those documents which reflect their activities within an international payment system.

In case of putting amendments to an agreement registered with the National Bank of Ukraine on membership or participation in international payment system, legal entities shall be obliged to register amendments to their agreement at the National Bank of Ukraine prior to rendering services of corresponding  payment system.