RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 23, 2020 No. 2020-P-33/73-12-(NFKU)

About approval of the Provision "About the Corrective Actions Applied to Non-bank Financial Credit Institutions and Other Legal Entities, Persons Under Surveillance to National Bank of the Kyrgyz Republic"

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

1. Approve the Provision "About the Corrective Actions Applied to Non-bank Financial Credit Institutions and Other Legal Entities, Persons Under Surveillance to National Bank of the Kyrgyz Republic" it (is applied).

2. Declare invalid:

1) the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About the Corrective Actions Applied to Credit Unions" of March 23, 2006 No. 7/5;

2) 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 March 23, 2006 No. 7/5 "About approval of the Provision "About the Corrective Actions Applied to Credit Unions" of January 31, 2007 No. 5/2;

3) in 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 28, 2009 No. 43/5:

- Appendix Item 2;

4) in 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:

- Appendix Item 18;

5) in 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 December 12, 2012 No. 48/10:

- Appendix Item 6;

6) in 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 September 25, 2013 No. 35/16:

- Appendix Item 6;

7) 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 November 27, 2014 No. 53/8;

8) in 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:

- paragraph the tenth Item 1 of the resolution;

- Appendix Item 9;

9) in the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in resolutions of Board of National Bank of the Kyrgyz Republic" of February 10, 2016 No. 7/2:

- paragraph the eighteenth Item 1 of the resolution;

- Appendix Item 17;

10) in 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:

- paragraph the fourth Item 1 of the resolution;

- Appendix Item 3;

11) in the resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of August 15, 2018 No. 2018-P-33/33-8-(NFKU):

- paragraph the fourth Item 1 of the resolution;

- Appendix Item 3;

12) in the resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of August 21, 2019 No. 2019-P-33/43-8-(NFKU):

- paragraph third Item 1 of the resolution;

- Appendix Item 2;

13) the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About the Corrective Actions Applied by National Bank of the Kyrgyz Republic to the Microfinancial Organizations" of May 31, 2017 No. 21/7;

14) in the resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of August 21, 2019 No. 2019-P-33/43-8-(NFKU):

- paragraph the eleventh Item 1 of the resolution;

- Appendix Item 10;

15) in the resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of November 1, 2019 No. 2019-P-33/55-3-(NFKU):

- paragraph of the seventh of Item 1 of the resolution;

- Appendix Item 6.

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 inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.

4. This resolution becomes effective after fifteen days from the date of official publication.

5. To management of supervision of non-bank financial credit institutions to bring this resolution to the attention of the microfinancial organizations, credit unions, JSC Finance Company of Credit Unions, guarantee funds, credit bureaus, the housing and savings credit companies, OYuL "Association of the Microfinancial Organizations", OYuL "National Association of Credit Unions and Cooperatives of the Kyrgyz Republic".

6. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising Management of supervision of non-bank financial credit institutions.

Appendix

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