OREANDA-NEWS. February 9, 2012. Resolution of the Board of the National Bank of Ukraine No 469 of 22 December 2011 approved Regulation on Transfer of Securities across the Customs Border of Ukraine, which will become effective from 10 March 2012 (hereinafter referred to as the – Regulation).

This Regulation establishes procedure for transferring (bringing in, taking out, shipping) certificated securities across the customs border of Ukraine by residents and nonresidents, as well as procedure for issuing individual licenses by the National Bank of Ukraine for taking (shipping) outside Ukraine and bringing in Ukraine (shipping) securities.

According to procedure established by Regulation, legal entities and individuals have the right to take (ship) outside Ukraine securities on the basis of a written declaration and provided they possess an appropriate individual license issued by the National Bank of Ukraine for carrying out this transaction.

No license is required for taking outside Ukraine (shipping) foreign currency-denominated securities, which have been brought in Ukraine earlier by an individual, which is confirmed by a customs declaration.

Transactions related to bringing foreign currency-denominated securities in Ukraine (shipping) are carried out by legal entities and individuals on the basis of a written declaration, whereas those related to bringing in hryvnia-denominated securities are carried out on the basis of a written declaration and availability of an individual license issued by the National Bank of Ukraine. No license is required for bringing in Ukraine (shipping) hryvnia-denominated securities, which have been taken outside Ukraine (shipped) earlier by an individual and a legal entity, which is confirmed by a customs declaration.

In order to obtain a license, a resident or a non-resident has to submit an appropriate application and documents specified by   Regulation to the National Bank of Ukraine. The National Bank of Ukraine takes decision to issue a license or refuse to grant a license within no later than 20 working days from the moment the full package of documents has been submitted. The adoption of this Regulation will further improve procedure for transferring currency valuables across the customs border of Ukraine.