The National Bank of Ukraine (NBU) has revoked the anti-crisis requirement that banned banks from replacing creditors or debtors in their liabilities under foreign crediting agreements and assigning claims on credits and loans in foreign currency by resident creditors to nonresidents, the regulator said on its website.

NBU resolution No. 996 of December 30, 2015 will take effect from January 11, 2016.

According to the document, the regulator obliges banks to additionally check clients and documents for the registration of agreements to reveal the signs of risk financial transactions.

If banks make conclusions that there are corresponding signs, they are obliged not to service the transaction and not to send a package of documents to the National Bank of Ukraine (NBU) for the registration of the agreement.

The NBU also extended the term for registering agreements from five to seven working days. According to the resolution, in some cases the NBU additionally checks document packages submitted by banks for the registration of client's agreements for the period of no more than 30 calendar days, not taking into account the term of registering the agreements.