Regulatory Alerts2022-12-28 | 112507Regulation on Determining Dominant Position in the Market for Banking Services
The National Bank of the Kyrgyz Republic issued this regulation to define the criteria and procedures for identifying dominant positions and anti-competitive behavior in the banking, microfinance, and payment services markets. It establishes a 35% market share threshold for dominance, mandates the use of the Herfindahl-Hirschman Index for merger reviews, and outlines specific abusive practices such as unjustified price setting and refusal to contract. The document provides detailed methodologies for market boundary definition, including the SSNIP test, and grants the regulator authority to impose restrictions to protect consumers and ensure competition.
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