News 14.05.19

NBU

Decree No. 63 of April 23, 2019

“On approval of the Regulation on the procedure for the interaction of the National Bank of Ukraine with innovative companies and projects”

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This Resolution approved the Regulation on the procedure for the interaction of the National Bank of Ukraine with innovative companies and projects. In particular, it is definitely that the initiating company for introducing innovative financial products and / or services may be business entities, both residents and non-residents, who have developed and / or plan to introduce innovative financial products (services) in the financial market of Ukraine.

Under innovative financial products (services) are meant - new financial services, payment instruments, technological platforms, sales channels or their combination that do not have corresponding analogues in the financial market of Ukraine or compared to other similar products and services on the market have significantly higher technical and economic indicators.

An initiating company can be either a person who provides financial / banking, technological services on the basis of relevant permits, or a person who plans to provide relevant services and obtain the necessary permits after implementing consistent interrelated measures aimed at introducing an innovative financial product ( services).

Entered into force on 08.05.2019

The text of the Resolution is placed in the section “New in the legislation”