Parliamentary research on proposals for amendments to the legislation that regulates the powers of the National Bank of Ukraine in the field of providing financial and payment services, as well as administrative responsibility in this area
Published on 28 October 2024, 15:41Abstract. The research examines the proposals of subjects of legislative initiative on amendments to the current legislation in the field of banking, the provision of financial and payment services, as to their compliance with international legal standards in this area, as well as the provisions of the current legislation of Ukraine in the field of verification of economic activities of persons engaged in it without a license or the right to such activities.
The experience of foreign countries, in particular, the Czech Republic, France, Germany, Poland, Lithuania, and Slovakia, regarding the legal basis and procedure for conducting bank inspections, the powers of officials, the grounds for applying coercive measures and measures to influence violators of the legislation on the provision of financial services is summarized.
Certain risks of the analyzed proposals for amendments to the current legislation are highlighted, the presence of which will prevent the proper implementation of legal norms during law enforcement activities.
Key words: financial services, payment services, administrative liability, National Bank of Ukraine, licensing activity, consumers.
09/2024