Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of July 16, 2014 No. 32/4

About enforcement for the microfinance companies which are not attracting deposits (deposits), Instructions about procedure for observance of limits of open foreign exchange positions by microfinance companies, approved by the resolution of Board of National Bank of the Kyrgyz Republic "About approval of "The instruction about procedure for observance of limits of open foreign exchange positions by microfinance companies" of May 30, 2014 No. 24/8

According to Articles 4, 7 and 43 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Determine that for the microfinance companies which are not attracting deposits (deposits), the Instruction about procedure for observance of limits of open foreign exchange positions by microfinance companies approved by the resolution of Board of National Bank of the Kyrgyz Republic "About approval of "The instruction about procedure for observance of limits of open foreign exchange positions by microfinance companies" of May 30, 2014 No. 24/8 comes into effect since January 1, 2015.

2. To legal management:

- publish this resolution on the official site 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.

3. This resolution becomes effective from the moment of official publication.

4. To management of methodology of supervision and licensing to bring this resolution to the attention of microfinance companies, Associations of the microfinancial organizations, the relevant structural divisions of National Bank of the Kyrgyz Republic, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

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

Chairman

T. Abdygulov

 

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