Regulatory Alerts2017-12-13 | 124797Regulation on Periodic Regulatory Reporting of Microcredit Companies and Agencies Conducting Operations in Accordance with Islamic Principles of Banking and Finance
The National Bank of the Kyrgyz Republic issued this regulation to establish a unified periodic regulatory reporting framework for microcredit companies and agencies operating under Islamic banking principles. The document mandates the submission of detailed financial, asset, and compliance reports across seven specific sections, with strict deadlines for quarterly and annual filings. It further defines submission procedures, consolidation requirements, and liability for non-compliance or inaccurate reporting by management and accounting staff.
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