Regulatory Alerts2018-08-15 | 130020Regulation on Banks' Operations with Securities
The National Bank of the Kyrgyz Republic issued this regulation to establish the legal framework, risk management standards, and internal control requirements for commercial banks and deposit-taking microfinance companies conducting securities operations. It mandates the Board of Directors and Management to define investment policies, enforce strict segregation of front-office and back-office duties, and maintain comprehensive documentation for all transactions. The rules apply to conventional and Islamic banking entities, requiring adherence to Shariah standards where applicable and ensuring robust oversight of market, credit, and liquidity risks.
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