RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 23, 2020 No. 2020-P-12/14-1-(BS)

About operating procedure and regulations of activities of banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of introduction in the territory of the Kyrgyz Republic of emergency situation in connection with spread of coronavirus of COVID-19

Board of National Bank of the Kyrgyz Republic in connection with introduction of the Kyrgyz Republic of emergency mode by the Government in the territory of the Kyrgyz Republic in connection with spread of coronavirus of COVID-19, being guided by article 20 and 68 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity", decides:

1. Approve measures for risk minimization in activities of commercial banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of threat of mass infection of the population in the conditions of emergency situation in connection with epidemic of infectious diseases and methods of implementation of complex of the actions applied to, in time and/or after emergence of threat of mass infection of personnel for ensuring functioning of critical business processes of banks of non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic and providing their realization (are applied).

2. This resolution becomes effective from the date of its official publication and is effective before adoption of the relevant decision of Board of National Bank.

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 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, National bank of development of the Kyrgyz Republic, OYuL "Association of the Microfinancial Organizations", the microfinancial organizations, credit unions, JSC Finance Company of Credit Unions, JSC Garantiyny fond, credit bureaus, payment institutes and operators of payment systems, all structural divisions, regional managements, representative office of National Bank in Batken Province.

5. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising Management of methodology of supervision and licensing of banks.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of March 23, 2020 No. 2020-P-12/14-1-(BS)

Measures for risk minimization in activities of commercial banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of threat of mass infection of the population in the conditions of emergency situation in connection with epidemic of infectious diseases and methods of implementation of complex of the actions applied to, in time and/or after emergence of threat of mass infection of personnel for ensuring functioning of critical business processes of banks of non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic and providing their realization

Chapter 1. General provisions

1. Commercial banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic (further - banks), shall use the measures approved by this resolution taking into account specifics of activities in the activities.

2. Banks shall develop internal documents which will contain the main measures, methods and means of preserving (maintenance) of providing going concern of banks in case of the emergency situations connected with violation of operability of bank staff and consequences of spread of coronavirus of COVID-19 taking into account the measures provided by this resolution.

3. For introduction of emergency mode in the territory of the Kyrgyz Republic in connection with spread of coronavirus of COVID-19 banks shall observe all economic standard rates and requirements provided by the bank law of the Kyrgyz Republic, except as specified, the provided this resolution, and also separate decisions of the Government of the Kyrgyz Republic and National Banks of the Kyrgyz Republic.

Chapter 2. Safety of personnel and clients of bank

4. The threat of mass infection of personnel in the conditions of emergency situation in connection with epidemic (pandemic) of infectious diseases is the emergency situation requiring rapid response to risks of personnel which perform production functions and is responsible for engineering procedure of accomplishment of critical business functions of banks.

5. The threat of infection or large-scale epidemic (pandemic) belongs to the first category of emergency situations which can entail considerable material losses and the human victims.

6. Preventive measures of realization of epidemiological threats include determination of the main critical functions for action/preserving threats and forming of additional reserve of the specialists serving and operating the critical automated systems of bank.

7. In the banks and their structural divisions performing settlement and cash customer service measures for safety of clients and bank staff shall be provided.

In premises of bank information which focuses attention on questions of sanitary and epidemiologic protection when rendering financial services shall be placed in available type, and also to be published up-to-date official information, on the official website, in accounts of the financial organizations, on social networks and electronic mailings for clients.

It is necessary to provide customer service in rooms and structural divisions of bank taking into account the respect for sanitary standards of safety and prevention of spread of infection ordering not to allow accumulations of large number of people.

On entrance to premises of bank disinfectants (sanitayzer) shall be surely established. Also the bank should provide to the clients of bank who are in queues, observance of safe distance between them (at least 1 m).

At the same time banks are recommended to consider question of specific mode of work of bank departments during action of emergency mode with obligatory informing clients on the working schedule on the official websites (or on social networks and electronic mailings for clients).

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info