Regulatory Alerts2005-03-19 | 128247Regulation on the Supervisory Committee of the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to define the structure, powers, and operational procedures of its Supervisory Committee, which oversees commercial banks, non-bank financial credit organizations, and credit bureaus. The Committee is empowered to enforce regulatory measures, approve key personnel, review compliance with economic standards, and issue binding decisions on licensing and sanctions. It operates through regular meetings with defined quorum and voting rules, while its members and staff bear legal responsibility for the accuracy of information and adherence to Kyrgyz legislation.
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