Resolution of the Board of the National Bank of the Kyrgyz Republic No. 41/5 of October 14, 2009 on Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of October 14, 2009 No. 41/5

On Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

In accordance with Articles 7 and 43 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", as well as Article 1 of the Law of the Kyrgyz Republic "On Amendments to the Law of the Kyrgyz Republic "On Licensing" dated July 31, 2009 No. 258, the Board of the National Bank of the Kyrgyz Republic

RESOLVES:

1. Make amendments according to the Appendix to this Resolution to the following Resolutions of the Board of the National Bank of the Kyrgyz Republic:

• "On Approval of the Regulation "On Periodic Regulatory Reporting of a Microcredit Company/Microcredit Agency and Pawnshop" and the Regulation "On Periodic Regulatory Reporting of a Microfinance Company" No. 25/3 dated May 27, 2009 (registration number of the Ministry of Justice of the KR 67-09 of July 3, 2009);

• "On the Size of Fees for Licenses Issued by the NBKR" No. 48/7 dated November 14, 2007 (registration number of the Ministry of Justice of the KR 112-07 of December 3, 2007).

2. From the moment this Resolution enters into force, recognize the following Resolutions of the Board of the National Bank of the Kyrgyz Republic as having lost force:

• "On Establishing the Minimum Size of Charter Capital for Pawnshops" No. 10/10 dated December 3, 1994;

• "On the Regulation "On the Activity of Pawnshops on the Territory of the Kyrgyz Republic" No. 4/3 dated February 19, 2003 (registration number of the Ministry of Justice of the KR 36-03 of March 25, 2003);

• "On Amendments and Additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 4/3 dated February 19, 2003 "On the Regulation of the KR "On the Activity of Pawnshops on the Territory of the Kyrgyz Republic" No. 30/10 dated June 13, 2007 (registration number of the Ministry of Justice of the KR 70-07 of July 13, 2007).

3. This Resolution enters into force from the day of its official publication.

4. The Legal Department is to send this Resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts of the Kyrgyz Republic.

5. The Supervision Department of Non-Bank Institutions, from the day this Resolution enters into force:

• within 3 days, bring it to the attention of regional departments and the Batken Representative Office of the NBKR, as well as pawnshops that previously received a license from the National Bank of the Kyrgyz Republic;

• within 60 days, conduct the withdrawal of licenses for pawnshops previously issued by the National Bank of the Kyrgyz Republic;

• within 30 days after the withdrawal of licenses, transfer documents regarding pawnshops to the archive of the National Bank of the Kyrgyz Republic.

6. Control over the implementation of this Resolution is assigned to Board Member of the National Bank of the Kyrgyz Republic S.K. Alybaeva.

Chairman	M. Alapaev

| | Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic dated October 14, 2009 No. 41/5 |

AMENDMENTS to certain regulatory legal acts of the National Bank of the Kyrgyz Republic

1. Make the following changes to the Regulation "On Periodic Regulatory Reporting of a Microcredit Company/Microcredit Agency and Pawnshop", approved by Resolution of the Board of the NBKR No. 25/3 dated May 27, 2009 (registration number of the Ministry of Justice of the KR 67-09 of July 3, 2009):

• in the title of the Regulation and throughout the text of the Regulation, exclude the words "and pawnshop" in the corresponding cases;
• exclude paragraph 1.3;
• in paragraph 4.3, exclude the words ", pawnshops provide sections 1 to 3";
• in paragraph 4.4, exclude the words "or pawnshop";
• in paragraph 4.8, exclude the words "or pawnshop".

2. Make the following change to the Resolution of the Board of the NBKR "On the Size of Fees for Licenses Issued by the NBKR", approved by No. 48/7 dated November 14, 2007 (registration number of the Ministry of Justice of the KR 112-07 of December 3, 2007):

• in paragraph 1, exclude the words "for the right to conduct pawnshop operations three times the size of the calculation indicator".