19 August 2017
Our Community

NBU revokes forex trading license of 2 more companies

The National Bank of Ukraine (NBU) has decided to revoke general licenses for foreign exchange operations of Prominko and Concorde Capital, according to a posting published on the regulator's website.

NBU - Photo from UNIAN
NBU - Photo from UNIAN

The NBU did not specify reasons for license revocation.

As reported earlier, on February 25, 2016 the NBU also revoked general licenses for Investment Standard Group.

Ukrainian govt plans to liberalize forex market by late 2016As UNIAN reported earlier, the NBU has tightened requirements for non-bank currency exchange offices, obliging them to provide information on their ownership structure and qualifying shareholders of these institutions.

The NBU has also tightened the minimum capital requirements for non-bank financial institutions performing currency exchange operations. The minimum capital requirements have been increased to UAH 20 million if the number of structural units does not exceed 100 units. Any additional increase in their number equal to 50 units will require a UAH 5 million increase in the capital amount.

If you notice a spelling error, please highlight it with your mouse and press Ctrl+Enter
Read also

Do you like the new site?
Leave your opinion