Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of August 28, 2006 No. 537

About issue of bonds by banks

(In edition of Presidential decrees of the Republic of Belarus of 09.03.2010 No. 143, 18.07.2016 No. 272)

For the purpose of creation of additional terms for attraction of means of legal entities and physical persons by banks of the Republic of Belarus:

1. Determine that:

1.1. the banks in accordance with the established procedure performing attraction of money of physical persons into accounts and (or) in deposits (deposits) can emit for placement among legal entities and physical persons the bonds nominated in Belarusian rubles provided with right to claim on the credits issued by banks on construction, reconstruction or acquisition of housing on the security of the real estate.

The amount of releases * bonds for any date before their repayment (early repayment) shall not exceed 70 percent of the main amount of debt on the credits issued on the purposes specified in part one of this subitem;

______________________________

* For the purposes of this Decree the amount of bond issue is understood as the amount of nominal values of all bonds of this release.

1.2. voided

2. Part one of subitem 1.7 of Item 1 of the Presidential decree of the Republic of Belarus of April 28, 2006 No. 277 "About some questions of regulation of the security market" (2006, No. 71, 1/7529) after words "bank guarantee" to add the national register of legal acts of the Republic of Belarus with words ", or (and) right to claim on the credits issued by banks on construction, reconstruction or acquisition of housing on the security of the real estate".

3. To Council of Ministers of the Republic of Belarus and National Bank:

in three-months time to provide reduction of the legislation in compliance with this Decree and to take other measures for its realization;

annually till March 1 to submit to the Head of state the report on bond emission, called in subitem 1.1 of Item 1 of this Decree.

4. To impose control over the implementation of this Decree on the State Control Committee.

5. This Decree becomes effective from the date of its signing.

President of the Republic of Belarus

A. Lukashenko

 

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