Resolution No. 223 of the National Bank of Ukraine
("NBU") Board dated 30.04.2010, "On
transactions using special payment instruments"
("Resolution 223").
On 30.04.2010, Resolution 223 was approved to:
Adopt new regulations on the procedure for issuing special
payment instruments and transactions with their use (the
"Regulations"). From now on, the new
Regulations govern not only 'payment cards', as they did
formerly, but 'special payment instruments', in particular
payment cards, mobile payment instruments, other payment
instruments used as a means of identification by the holder of such
instrument to carry out payment transactions on behalf of a payer
or from a bank account, as well as other transactions contemplated
by the Regulations. The Regulations provide that: 1) the maximum
amount of a prepaid special payment instrument issued by a bank and
the limit of expenses that may be incurred using such instrument
may not exceed UAH 5,000 for domestic payment
