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RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of June 20, 2018 No. 2018-P-12/24-2-(NPA)

About approval of the Instruction about implementation of banking supervision

(as amended on 14-07-2021)

According to Articles 20, of 68, of 136, "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides 139 and 140 Laws of the Kyrgyz Republic:

1. Approve the Instruction about implementation of banking supervision it (is applied).

2. Recognize invalid:

- the resolution of Board of National Bank of the Kyrgyz Republic "About approval "Instructions about conducting inspection checks on places" of February 4, 2004 No. 2/2;

- Item I of the Changes and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic approved by the resolution of Board of National Bank of the Kyrgyz Republic of October 23, 2004 No. 26/3;

- Item IV of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of October 14, 2009 No. 41/3;

- the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in the resolution of Board of National Bank of the Kyrgyz Republic of February 4, 2004 No. 2/2 "About approval of the Instruction about conducting inspection checks on places" of July 27, 2011 No. 40/8;

- Item 5 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of April 25, 2012 No. 18/9;

- the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in the Instruction for conducting inspection checks on places" of October 31, 2012 No. 41/11;

- item 4 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of November 16, 2012 No. 43/1;

- Item 2 of the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Instruction "About conducting inspection checks of activities of the microfinancial organizations which are not attracting deposits and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic" of December 23, 2013 No. 52/6;

- the paragraph the sixteenth Item 1 of the resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments and changes into some resolutions of Board of National Bank of the Kyrgyz Republic" of February 5, 2016 No. 5/1;

- Item 15 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments and changes into some resolutions of Board of National Bank of the Kyrgyz Republic" of February 5, 2016 No. 5/1;

- the paragraph the thirteenth Item 1 of the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some resolutions of Board of National Bank of the Kyrgyz Republic" of February 10, 2016 No. 7/2;

- Item 12 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some resolutions of Board of National Bank of the Kyrgyz Republic" of February 10, 2016 No. 7/2;

- the paragraph third Item 1 of the resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments and changes into some resolutions of Board of National Bank of the Kyrgyz Republic" of April 11, 2016 No. 17/3;

- Item 2 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments and changes into some resolutions of Board of National Bank of the Kyrgyz Republic" of April 11, 2016 No. 17/3;

- paragraph two of Item 1 of the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of May 31, 2017 No. 21/8;

- Item 1 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of May 31, 2017 No. 21/8.

3. This resolution becomes effective from the date of its official publication.

4. 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.

5. To management of methodology of supervision and licensing of banks to bring this resolution to the attention of OYuL "Union of Banks of Kyrgyzstan", commercial banks, JSC Finance Company of Credit Unions.

6. To impose control of execution of this resolution on the board member of National Bank of the Kyrgyz Republic Dzhusupova T.Dzh.

Chairman of the board of National Bank of the Kyrgyz Republic

T. Abdygulov

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of June 20, 2018 No. 2018-P-12/24-2-(NPA)

The instruction about implementation of banking supervision

Chapter 1. General provisions

1. According to the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity" the National Bank of the Kyrgyz Republic (further - National Bank) exercises banking supervision and establishes regulation regulations for the purpose of ensuring stability and reliability of bank system of the Kyrgyz Republic, depositor protection and other creditors, observance of the bank law of the Kyrgyz Republic.

2. The system of supervision of National Bank consists of two main types of supervising activities supplementing and supporting each other - implementation of external supervision and inspection checks.

3. This Instruction about implementation of banking supervision (further - the Instruction) determines the basic principles of external supervision, the purpose and types of inspection checks of activities of commercial banks, the microfinance companies attracting deposits, JSC Finance Company of Credit Unions, and also National bank of development of the Kyrgyz Republic.

Besides, this Instruction establishes the mandatory requirements imposed to banks in connection with carrying out external supervision and inspection checks of their activities.

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