ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of January 16, 2017 No. 19

About questions on transformation of precious metals and gemstones market regulation system

For the purpose of optimization of precious metals and gemstones market regulation system, according to articles 10 and 17of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic", the laws of the Kyrgyz Republic "About precious metals and gemstones", "About counteraction to legalization (laundering) of the criminal income and to financing of terrorist or extremist activities" the Government of the Kyrgyz Republic decides:

1. Include in the order of the Government of the Kyrgyz Republic "About approval of the Regulations on the State fund of precious metals and gemstones of the Kyrgyz Republic" of December 11, 2003 No. 771 the following changes and amendment:

in Regulations on the State fund of precious metals and gemstones of the Kyrgyz Republic approved by the above-stated resolution:

- replace the word "Management" in various cases with the word "Department" in the corresponding case forms in the whole text;

- add Item 2.4 after the words "for safety" with the word "values";

- state the name of the Section III in the following edition:

"III. Procedure for acceptance, storage and accounting of values of State fund";

- Items 3. 7, 3.9-3.15 to recognize invalid;

- add with Items 3.16-3.18 of the following content:

"3.16. Acceptance of the values arriving in Gokhran is made by execution of the act of final acceptance in the following procedure:

- the affined precious metals - at the affinaging company the representative of Gokhran by proxy issued by Department of precious metals under the Ministry of Finance of the Kyrgyz Republic;

- the confiscated precious metals, products from them and their scrap - based on sentences and resolutions of courts or according to decisions of other authorized state bodies.

3.17. Settlement with contractors on conversion of precious metals is made at the expense of finished goods at the world prices for the moment of its realization.

3.18. The realization of values of State fund is enabled by separate decisions of the Government of the Kyrgyz Republic.";

- in Item 4.2 of the word "the order of the chief" replace with words "the decision of the director";

- in Item 4.3:

in the paragraph one exclude the words "and expenditure";

in the paragraph two exclude the words "and about their expenditure".

2. Ceased to be valid according to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of 13.12.2023 No. 675

3. The Ministry of Finance of the Kyrgyz Republic in accordance with the established procedure shall introduce to the Government of the Kyrgyz Republic drafts of the regulatory legal acts providing the right of legal entities (private laboratories), accredited in accordance with the established procedure to carry out approbation and branding of jewelry and other products from precious metals.

4. Declare invalid the resolution of the Cabinet of Ministers of the Republic Kyrgyzstan "About formation of Management of precious metals under the Ministry of Economics and Republic Kyrgyzstan finance" of March 10, 1992 No. 65.

5. Assign control of execution of this resolution on department of finance and credit policy of Government office of the Kyrgyz Republic.

6. This resolution becomes effective after ten days from the date of official publication.

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