RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 30, 2016 No. 47/6

About modification and amendments in the resolution of Board of National Bank of the Kyrgyz Republic "About approval "the Provisions "About the Minimum Requirements on Credit Risk Management in the Credit Unions Performing Transactions according to the Islamic Principles of Banking and Financing" of December 23, 2013 No. 52/7

According to articles 7 and 43 of the Law "About National Bank of the Kyrgyz Republic", article 30 of the Law "About Credit Unions", the Board of National Bank of the Kyrgyz Republic decides:

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval "the Provisions "About the Minimum Requirements on Credit Risk Management in the Credit Unions Performing Transactions according to the Islamic Principles of Banking and Financing" of December 23, 2013 No. 52/7 of amendment and change (are applied).

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

3. 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.

4. To management of methodology of supervision and licensing to bring this resolution to the attention of credit unions, JSC Finansovoy kompanii creditnykh soyuzov and OYuL of "National association of credit unions and cooperatives".

5. To impose control of execution of this resolution on the board member of National Bank of the Kyrgyz Republic Dzhusupova Т.Дж.

Appendix

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