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The document ceased to be valid since  April 1, 2024 according to Item 3 of the Resolution of Board of National Bank of the Kyrgyz Republic of March 20, 2024 No. 2024-P-12/12-2-(NFKU)

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of September 12, 2012 No. 37/3

About approval of Regulations of activities of JSC Finance Company of Credit Unions

(as amended on 08-12-2023)

According to articles 7 and 43 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Approve Regulations of activities of JSC Finance Company of Credit Unions (are applied).

2. Declare invalid:

- the resolution of Board of National Bank of the Kyrgyz Republic of April 27, 2005 No. 12/6 "About new edition of Provisional rules of regulation of activities of OSOO "Finance Company on Support and Development of Credit Unions in the Kyrgyz Republic", registered in the Ministry of Justice of the Kyrgyz Republic on June 9, 2005, registration number 71-05;

- the resolution of Board of National Bank of the Kyrgyz Republic of May 27, 2009 No. 25/9 "About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic of April 27, 2005 No. 12/6 "About new edition of Provisional rules of regulation of activities of OSOO "Finance Company on Support and Development of Credit Unions in the Kyrgyz Republic", registered in the Ministry of Justice of the Kyrgyz Republic on June 9, 2005, registration number 71-05;

- Item 2 of the resolution of Board of National Bank of the Kyrgyz Republic of May 26, 2010 No. 36/15 "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic".

3. This resolution becomes effective after one month after official publication.

4. After official publication to send to Legal Management 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 to bring this resolution to the attention of JSC Finance Company of Credit Unions.

6. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Chokoyev Z. L.

Chairman of the board of National Bank of the Kyrgyz Republic

Z.Asankozhoyeva

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of September 12, 2012 No. 37/3

Regulations of activities of JSC Finance Company of Credit Unions

1. General provisions

1. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 15.06.2017 No. 2017-P-12/25-12

2. The National Bank of the Kyrgyz Republic (further - National Bank) establishes the economic standard rates and requirements obligatory for accomplishment by "Finance Company of Credit Unions" open joint stock company (further - FKKS) for the purpose of preserving stability of financial system and protection of interests of creditors, decrease in risk of non-return of the granted loans and leasing, maintenance of the established size of the capital of FKKS.

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