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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of May 16, 2008 No. 694

About representatives of the state in governing bodies of economic societies, the share (share in authorized funds) which belong to the Republic of Belarus or administrative and territorial units

(The last edition from 28-05-2019)

According to presidential decrees of the Republic of Belarus of February 19, 2008 No. 100 "About some questions of possessory supervision" and of March 4, 2008 No. 144 "About recognition voided some decrees (separate provision of the Decree) of the President of the Republic of Belarus", the Decree of the President of the Republic of Belarus of April 14, 2008 "About modification and amendments in the Decree of the President of the Republic of Belarus of March 20, 1998 No. 3" the Council of Ministers of the Republic of Belarus DECIDES: No. 7

1. Approve Regulations on representatives of the state in governing bodies of economic societies, shares (share in authorized funds) of which belong to the Republic of Belarus or administrative and territorial units (is applied).

2. Determine that:

2.1. participation in management of economic societies, shares (share in authorized funds) of which are acquired in accordance with the established procedure and are under economic authority or operational management of the state organizations, is performed by these organizations according to the procedure, established by the republican state bodies and other state organizations subordinated to the Government of the Republic of Belarus, the National Bank, Administration of the President of the Republic of Belarus, Administration of the President of the Republic of Belarus, other state bodies and other state organizations subordinated to the President of the Republic of Belarus, National academy of Sciences of Belarus under which supervision are (which part are) the specified organizations, according to the legislation;

2.2. representatives of the state in governing bodies of banks which stocks the Republic of Belarus owns (further - banks) are appointed by Council of Ministers of the Republic of Belarus together with National Bank from among deputies Premieres - the minister of the Republic of Belarus, heads of the republican state bodies and other state organizations subordinated to the Government of the Republic of Belarus and their deputies who had special training and certified on the right to be the appointed representatives of the state (further - representatives of the state in banks). Powers of the representative of the state in bank stop from the moment of the termination of employment relationships on principle place of employment, and also according to the joint decision of Council of Ministers of the Republic of Belarus and National Bank. Drafts of joint resolutions of Council of Ministers of the Republic of Belarus and National Bank about appointment of the representative of the state in bank and the termination of its powers are introduced in accordance with the established procedure in Council of Ministers of the Republic of Belarus by the State committee on property.

Representative of the state in bank:

participates in work of general meeting of shareholders of bank, the board of directors (supervisory board) of bank and decision making of bank by these governing bodies based on the legislation and the charter of bank proceeding from need of protection of economic interests of the state for activities of bank, ensuring its effective work, the principles of safe and liquid functioning of bank, observance of standard rates of safe functioning and other prudential requirements, and also accomplishment of the main indicators of activities by banks (indicative parameters) provided by the Main directions of monetary policy of the Republic of Belarus which are annually approved by the President of the Republic of Belarus;

has the right according to the procedure, stipulated by the legislation and the charter of bank to require holding general meeting of its shareholders, meeting of the Board of Directors (supervisory board) and audit of accounting (financial) records of bank, and also to obtain information on its activities from governing bodies of bank;

bears the personal responsibility for failure to meet requirements, provided in the paragraph the second this part;

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