Regulatory Alerts2021-09-28 | 114995Added · Updated
Regulation on Requirements for the Formation, Publication and Submission to the National Bank of the Kyrgyz Republic of Financial Reporting of Non-Bank Financial-Credit Organizations
The regulation establishes the components, content, and rules for the preparation, publication, and submission of financial reporting by non-bank financial-credit organizations (NFCOs) to the National Bank of the Kyrgyz Republic. It mandates that NFCOs, including microfinance companies, credit unions, and housing savings credit companies, prepare reports in accordance with International Financial Reporting Standards (IFRS) and submit annual reports by April 30 and quarterly reports within 30 days of the quarter's end. The document specifies publication channels, such as media outlets and official websites, and requires the disclosure of significant events, major shareholders, and consolidated financial data where applicable.
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