Regulatory Alerts2022-12-30 | 112199Recommendations on Compliance with Minimum Requirements for Credit Union Information Systems Imposed by the National Bank of the Kyrgyz Republic
The Supervisory Committee of the National Bank of the Kyrgyz Republic issued these recommendations to establish minimum standards for the information systems of credit unions holding deposits. The document mandates that systems must ensure functional accounting, credit and deposit management, and robust security through multi-level access controls and data protection protocols. It further requires the use of licensed software, defined operational procedures, and contractual accountability for third-party developers to ensure regulatory compliance and data integrity.
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