Regulatory Alerts2020-12-23 | 129066Rules for Regulating the Activities of Specialized Financial Institutions
The National Bank of the Kyrgyz Republic establishes binding economic norms, liquidity requirements, and operational restrictions for specialized financial institutions (SFUs) engaged in foreign currency exchange to ensure financial system stability. SFUs are mandated to maintain a minimum capital adequacy ratio of 100%, adhere to strict liquidity and risk management policies, and submit detailed periodic regulatory and daily currency transaction reports. The National Bank retains the authority to conduct unannounced inspections, impose sanctions for non-compliance, and enforce the liquidation of institutions that fail to meet regulatory obligations or have their licenses revoked.
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