Resolution of the Board of the National Bank of the Kyrgyz Republic No. 14/3 on the New Edition of the Regulation on Licensing of Credit Unions

LAPSED

in accordance with Resolution of the Board of the National Bank of the Kyrgyz Republic dated December 23, 2015 No. 78/25

Registered in the Ministry of Justice of the Kyrgyz Republic

June 10, 2005. Registration number 75-05

Bishkek

dated May 4, 2005 No. 14/3

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

ON THE NEW EDITION OF THE REGULATION

"ON LICENSING OF CREDIT UNIONS"

Having reviewed the draft of the new edition of the Regulation "On Licensing of Credit Unions", developed on the basis of the Law of the Kyrgyz Republic

"On Credit Unions", the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic" and the Credit Agreement between the Kyrgyz Republic and the Asian Development Bank No. 1529 KGZ (SF) Project "Rural Financial Institutions", as well as for the purpose of improving the activities of credit unions, the Board of the National Bank of the Kyrgyz Republic resolves:

1. Approve the new edition of the Regulation "On Licensing of Credit Unions" (attached).

2. The Management of Supervision Methodology and Licensing, jointly with the Legal Department, shall carry out the state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic in the established manner.

3. This resolution shall enter into force from the moment of its publication in the mass media after state registration in the Ministry of Justice of the Kyrgyz Republic.

4. From the moment of entry into force of this resolution, recognize as having lost force:

• Resolution of the Board of the National Bank of the Kyrgyz Republic No. 8/1 dated 13.02.2002 "On the new edition of the Regulation "On Licensing of Credit Unions";

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On amendments and additions to the Regulation "On Licensing of Credit Unions" No. 21/3 dated 09.07.2003;

• Resolution of the Board of the National Bank of the Kyrgyz Republic No. 6/6 dated 27.03.2004.

5. The Non-Bank Institutions Supervision Department shall bring this resolution to the attention of the Limited Liability Company "Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic", regional departments, and the Representation of the National Bank of the Kyrgyz Republic in the Batken Region.

6. The Limited Liability Company "Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic" shall bring this resolution to the attention of credit unions.

7. After the publication of this resolution, inform the Ministry of Justice of the Kyrgyz Republic about the source of publication (name of the edition, its number and date).

8. Control over the execution of this resolution shall be entrusted to G.M. Omurzakova, Deputy Chairman of the National Bank of the Kyrgyz Republic.

Chairman of the Board of the National Bank of the Kyrgyz Republic U. Sarbanov