The Verkhovna Rada of Ukraine adopted the Law "On Amendments to Clause 75 of the Law of Ukraine "On Banks and Banking" (re Period of Authorities of a Provisional Administration)

04 February 2011, 12:43

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The legislative act permits the National Bank of Ukraine to give extra authorities to the provisional administration for the strategic banks for the period up to 18 month instead of 1 year as envisaged by the effective norm of clause 75 of the Law "On Banks and Banking Activity."

 

The draft is registered under Reg. No.8050.