Parliament of Ukraine proposes to amend the Law on National Bank of Ukraine (NBU), which provides that the head of the National Bank dismissed from office when you reach the age of 65. The corresponding bill is registered in the Verkhovna Rada (№ 4787-1) on 17 July.

legislation initiated by the first deputy head of the Parliamentary Committee on Justice Yuriy Karmazin (fraction Our Ukraine-People's Self-Defense), member of the committee of foreign affairs Alexander Стешенко (faction Yulia Tymoshenko Bloc) and member of the committee on legislative provision of law activities Yuri Prokopchuk (faction Yulia Tymoshenko bloc).

As you know, acting Head of NBU Volodymyr Stelmakh had already reached the age of 70.

bill, which is posted on the website of the Parliament, also proposed the dismissal of central bank head in the event of failure to within a year of stability hryvna. This amendment clarifies that the stability of monetary unit of Ukraine - it is providing an annual price changes for goods and services, the price of credit resources and course hryvna major foreign currencies by not more than 10%.

paper proposes to prohibit the same person working in the office of Chapter NBU more than twice: the head of the central bank could become a person over 35 years, with a positive business reputation, higher education and the bank does not lower academic degree of doctor of sciences, as well as in the presence of more than 10 years of experience related to banking activities.

The bill also proposed to give the Board authority to establish the National Bank of Ukraine and changes in the exchange rate: the violation of this requirement may result in dismissal of heads of NBU.

authors of the document also proposes a requirement for publication of data on income, securities, real estate and valuable movable property, deposits in banks and the heads of members of the Board of the National Bank.

Regardingthe NBU Board, the bill states that access to the body of the central bank should be closed, in particular for persons who engage in any gainful employment or are part of the government enterprises operating for profit.

This suggested that the overall strength of the NBU in the 1500.

bill would retain the right to use the NBU Board of suspensive veto on decisions of government, whereas previously the President of Ukraine invited the legislators to withdraw it from the list of credentials.

It is also proposed to allow the Council to NBU to personally assess the performance of officials of National Bank and the recommendation of the Nominating NBU chapters or members of the central government.

on the composition of the Council of the NBU, the bill stipulates that its members could not be, in particular, people's deputies of Ukraine, members of the government, entrepreneurs and managers /shareholders.

draft legislation also provides that the powers of the Council of the NBU prematurely terminated by the lack of stability of hryvnia.

authors of the document also proposes to clarify the concept of substantial participation, interpreted it as a direct or indirect ownership of three percent or more of the authorized capital.

The bill also proposed to limit the presence in the Ukrainian market of banks with foreign capital: the participation of foreigners in the banking system of Ukraine must not exceed 15% of the aggregate amount of statutory capital and assets of banks.

This provides for a ban on banks with NBU refinance share of foreign capital of over 25%.

It is also proposed a ban on participation in country's banks to foreign banks or government agencies who are registered in offshore zones. It is also proposed to prohibit entry to the governing bodies of the Ukrainian banks of other nations.

As reported, Ukraine has already operated daughters of Russian banks with large gosdoley - Vneshekonombank, Vneshtorgbank and Sberbank.

The bill also proposed to reduce the list of acceptable security for loans to refinance the NBU, leaving it only government securities and funds on correspondent banks.

authors of the Bill proposes to introduce mandatory registration with the Ministry of Justice regulations of National Bank: National Bank of Ukraine will lose the status of letters required to comply.

draft legislation also proposed a National Bank within the scope of monitoring activities of the Main Control and Revision Office of Ukraine, which is subordinate to the Cabinet of Ministers.

This provides for a ban on pre-listing of the National Bank in excess of budget amounts of income over expenditure.

The explanatory note to the bill stresses that the adoption of the bill, among other things, increase the responsibility of the leaders of the NBU.

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