Document from CIS Legislation database © 2003-2017 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of October 25, 2017 No. 2017-P-07/45-4-(DKP)

About the size of penalty for non-compliance with mandatory reserve requirements

According to Articles 20, "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides 27 and 68 Laws of the Kyrgyz Republic:

1. Establish the size of penalty for non-compliance with mandatory reserve requirements for commercial bank in the amount of triple average discount rate of National Bank of the Kyrgyz Republic for base period.

2. "About approval of the Provision "About Required Reserves" of March 19, 2010 No. 8/2 to declare Item 3 of the resolution of Board of National Bank of the Kyrgyz Republic invalid.

3. To legal management:

- publish this resolution on the official website of National Bank of the Kyrgyz Republic;

- after official publication to send this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

4. To economic management to bring this resolution to the attention of commercial banks.

5. This resolution becomes effective from the date of official publication.

6. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic N. Zhenish.

Chairman of the board of National Bank of the Kyrgyz Republic

K. Kulmatov

 

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