Regulatory Alerts2013-03-28 | 87486Regulation on the Depositary Accounting of State Securities Issued through the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish a two-tier depositary accounting system for state securities and National Bank notes processed through its automated trading platform. It defines the respective functions of the Head Depositary and Sub-depositories, specifies the classification of "depo" accounts and sub-balances for tracking ownership, collateral, and frozen securities, and mandates electronic orders with digital signatures as the primary legal basis for all depositary operations. The framework ensures completeness, temporal certainty, and structural independence while standardizing reporting obligations and operational grounds for securities accounting.
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