REUTERS

The regulator refers to Resolution No. 1, effective as of January 17, 2018.

The document concerns violations related to the implementation of the International Financial Reporting Standard 9 Financial Instruments (IFRS 9).

Read alsoUkraine's parliament tightens rules for auditingAccording to the central bank, the move will ensure a gradual transition of Ukrainian banks to the application of IFRS 9.

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As UNIAN reported earlier, the NBU obliged banks to switch to IFRS 9 Financial Instruments from January 1, 2018, which involves a change in the chart of accounts, the final deployment of banks' software complexes, as well as the updating of accounting and reporting rules.

According to the regulator's preliminary estimates, the transition period is not expected to have any significant impact on capital of most financial institutions.