Regulatory Alerts2017-06-15 | 131066Rules for Regulating the Activities of Microfinance Organizations in the Kyrgyz Republic
The National Bank of the Kyrgyz Republic establishes regulatory rules for microfinance organizations (MFOs), distinguishing between those that do not accept deposits and those that do, with stricter capital and risk limits applied to the latter. The regulations mandate minimum paid-in capital, solvency ratios, and restrictions on investments, lending to affiliates, and dividend payouts to ensure financial stability and consumer protection. MFOs are required to maintain internal controls, submit regular financial reports, and adhere to specific operational prohibitions, such as bans on securities lending and professional securities market activities.
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