NBU toughens supervision over payment systems
The National Bank of Ukraine (NBU) has introduced some new requirements for payment systems oversight, their participants and operators, the central bank has said on its website.
The new requirements are outlined in NBU Board resolution No. 11 signed on February 13, 2017 approving amendments to some NBU acts.
The document took effect on February 17, 2017.
The resolution obliges payment systems to supervise over operations of its participants how they observe the rules of the payment systems, keep the register of cash pick up outlets, store information about each transaction.
The payment systems are also obliged to register applications of users regarding the operation of the payment systems and money transfer, provide information from the NBU to its participants and other information to its participants, clearing bank, the operators of the payment infrastructure that is required to provide for continuity of operation of the payment system and its risks management.
The resolution expands the list of grounds to apply enforcement actions by the NBU.
The regulator has more opportunities to carry out scheduled and off-schedule inspections.
A total of 22 national and international payment systems of residents, 10 national and international payment systems of nonresidents, 13 internal bank systems and 16 operators of the payment infrastructure are registered in Ukraine.