Regulatory Alerts2014-05-30 | 133320Added
Regulation on the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency
The National Bank of the Kyrgyz Republic establishes a unified periodic regulatory reporting (PRR) form and submission procedure for all microcredit companies and agencies, including those operating Islamic finance windows. The regulation mandates quarterly reports within 20 calendar days following the reporting quarter and annual reports by February 1 of the subsequent year, covering financial status, income, credit portfolio, self-assessment, foreign assets, disclosures, and economic norms. Entities located in Chuy Region and Bishkek must submit paper reports to the General Department and electronic versions to the Financial Statistics and Review Department, while other entities submit to regional branches. Responsibility for data accuracy is assigned to designated employees, with the Head of the Executive Body and Chief Accountant certifying the quarterly and annual reports, and liability for non-compliance governed by Kyrgyz Republic laws.