Regulatory Alerts2017-12-13 | 124807Regulation on the Periodic Regulatory Report of Microfinance Companies Operating 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 microfinance companies conducting operations under Islamic banking principles. The document mandates the submission of detailed financial, risk, and governance reports across 13 specific sections, with strict deadlines and consolidation requirements for headquarters and branches. It further defines submission procedures, including electronic and paper formats, and establishes liability for non-compliance or inaccurate reporting by company executives.
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