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2010-02-19 | 16/01

Order on Approval of the List of Developed Countries

The President of the National Bank of Georgia issued Order N16/01 to formally approve a specific list of developed countries for regulatory purposes. This order establishes 40 designated jurisdictions, including major economies such as the United States, Japan, and members of the European Union, under the authority of Georgian financial laws. The regulation entered into force immediately upon signing on February 19, 2010, aligning with amendments to the Laws on Commercial Banks and Securities Market.

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State registration code 220.090.000.18.011.014.236 Order N16/01 of February 19, 2010 of President of the National Bank of Georgia Tbilisi On Approval of the List of Developed Countries According to the Article 15, paragraph 1, subparagraph "g" of Organic Law of Georgia "On the National Bank of Georgia" Article 1, paragraph 6 and Article 2, paragraph 53 of the Law of Georgia "On Securities Market" and Article 1, paragraph “e” of the Law of Georgia "On Commercial Banks", I order: Article 1 The following list of developed countries be determined:

  1. Republic of Austria;

  2. Kingdom of Belgium;

  3. Republic of Bulgaria;

  4. Czech Republic;

  5. Kingdom of Denmark;

  6. Republic of Estonia;

  7. Republic of Finland;

  8. Republic of France;

  9. Federal Republic of Germany;

  10. Republic of Greece;

  11. Republic of Hungary;

  12. Ireland;

  13. Republic of Italy;

  14. Republic of Latvia;

  15. Republic of Lithuania;

  16. Grand Duchy of Luxembourg;

  17. Republic of Malta;

  18. Kingdom of the Netherlands;

  19. Republic of Poland;

  20. Republic of Portugal;

  21. Romania;

  22. Slovak Republic;

  23. Republic of Slovenia;

  24. Kingdom of Spain;

  25. Kingdom of Sweden;

  26. United Kingdom of Great Britain and Northern Ireland (United Kingdom);

  27. United States of America;

  28. Canada;

  29. Republic of Korea (South Korea);

  30. State of Japan;

  31. Hong Kong (Special Administrative Region of the People's Republic of China);

  32. Republic of Singapore;

  33. Kingdom of Bahrain;

  34. Swiss Confederation;

  35. United Arab Emirates;

  36. Republic of Iceland;

  37. Principality of Liechtenstein;

  38. Kingdom of Norway;

  39. New Zealand;

  40. Commonwealth of Australia. Order N207/04 of the President of the National Bank of Georgia dated as of September 19, 2018 - website, September 20, 2018. Article 2 The immediate effect of this order is a result of the amendments made to the Law of Georgia "On Commercial Banks" and the Law of Georgia "On Securities" on November 3, 2009. Article 3 The order shall enter into force immediately upon signing. G. Kadagidze

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