Regulatory Alerts2017-12-13 | 124835Regulation on the Periodic Regulatory Report of Credit Unions Conducting Operations 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 credit unions operating under Islamic banking principles. It mandates the submission of detailed financial and operational data across nine specific sections, including asset classifications, deposit movements, and compliance with economic norms, to ensure liquidity, solvency, and accurate supervisory analysis. The document defines strict submission deadlines, formatting requirements, and accountability measures for credit union leadership regarding the accuracy and timeliness of these reports.
Share