National Bank of Ukraine Approves Regulation on Transfer of Securities
OREANDA-NEWS. February 9, 2012. Resolution of the Board of the National Bank of Ukraine No 469 of 22 December 2011 approved Regulation on Transfer of Securities across the Customs Border of Ukraine, which will become effective from 10 March 2012 (hereinafter referred to as the – Regulation).
This Regulation establishes procedure for transferring (bringing in, taking out, shipping) certificated securities across the customs border of Ukraine by residents and nonresidents, as well as procedure for issuing individual licenses by the National Bank of Ukraine for taking (shipping) outside Ukraine and bringing in Ukraine (shipping) securities.
According to procedure established by Regulation, legal entities and individuals have the right to take (ship) outside Ukraine securities on the basis of a written declaration and provided they possess an appropriate individual license issued by the National Bank of Ukraine for carrying out this transaction.
No license is required for taking outside
Transactions related to bringing foreign currency-denominated securities in
In order to obtain a license, a resident or a non-resident has to submit an appropriate application and documents specified by Regulation to the National Bank of