RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of June 24, 2022 No. 330

About modification of some decisions of the Government of the Kyrgyz Republic concerning the non-bank financial market

For the purpose of development of activities of pawnshops, according to part 8 of article 4 of the Law of the Kyrgyz Republic "About activities of pawnshops", articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Bring in the order of the Government of the Kyrgyz Republic "About approval of Provisional regulations for licensing of separate types of activity in the field of the non-bank financial sector" of December 12, 2016 No. 661 the following change:

in Provisional regulations for the licensing of separate types of activity in the field of the non-bank financial sector approved by the specified resolution:

- to state the paragraph of the sixth of Item 7-2 in the following edition:

"-the written confirmation of commercial bank about account availability at the legal entity, and also the size of the paid authorized capital of pawnshops;".

2. Bring in the order of the Government of the Kyrgyz Republic "About questions of lombard activities" of June 8, 2017 No. 353 the following change:

state Item 1 in the following edition:

"1. Establish requirements to the minimum size of the authorized capital of pawnshops:

1) at least 500000 (five hundred thousand) som;

2) since July 1, 2022 - in the amount of at least 1000000 (one million) som;

3) since January 1, 2023 - in the amount of at least 2000000 (two million) som;

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