OREANDA-NEWS. The National Bank of Ukraine has published the  Register of banks’ commercial agents (commercial intermediaries)   (hereinafter the Register) which contains information on commercial agents that perform transactions involving acceptance of domestic currency cash for its further transfer,   e-money transactions, and FX transactions.

In this way, the NBU presses ahead with measures to enhance the transparency and openness of banks' activities.   Furthermore, according to the regulator, providing individuals and legal entities free and convenient access to the Register will help boost confidence in the banking system.

In accordance with Article 47 of the Law of Ukraine on Banks and Banking, the NBU shall maintain the Register.  The rules governing the maintenance of the Register are set out in the Regulation on the Rules Governing the Maintenance of the Register of Banks’ Commercial Agents  approved by NBU Board Resolution No. 386, dated 20 September 2012.

The Register is an automated system for collection, accumulation and recording of information on banks’ commercial agents. Information sharing between banks and the NBU is accomplished electronically.