Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2017-P-12/25-2-(NPA) of June 15, 2017 on Approval of the Regulation on Minimum Requirements for External Audit of Banks and Other Financial and Credit Organizations Licensed by the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of June 15, 2017 No. 2017-P-12/25-2-(NPA)

On Approval of the Regulation on Minimum Requirements for External Audit of Banks and Other Financial and Credit Organizations Licensed by the National Bank of the Kyrgyz Republic

In accordance with Articles 7 and 43 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic

RESOLVES:

1. Approve the Regulation on Minimum Requirements for External Audit of Banks and Other Financial and Credit Organizations Licensed by the National Bank of the Kyrgyz Republic (attached).

2. Recognize as having lost force:

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On the Regulation 'On Minimum Requirements for External Audit of Banks and Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic' dated July 14, 2005 No. 22/2;

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic 'On the Regulation 'On Minimum Requirements for External Audit of Banks and Other Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic' dated July 14, 2005 No. 22/2' dated June 27, 2008 No. 25/7;

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic dated July 14, 2005 No. 22/2 'On the Regulation 'On Minimum Requirements for External Audit of Banks and Other Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic', registered in the Ministry of Justice of the Kyrgyz Republic on August 12, 2005, registration number 102-05' dated October 28, 2009 No. 43/6;

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments and Additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic dated July 14, 2005 No. 22/2 'On the Regulation 'On Minimum Requirements for External Audit of Banks and Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic', registered in the Ministry of Justice of the Kyrgyz Republic on August 12, 2005, registration number 102-5' dated February 24, 2010 No. 3/7;

• in the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments and Additions to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" dated November 16, 2012 No. 43/1:

paragraph 15 of the Appendix to the aforementioned Resolution;

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments and Additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic dated July 14, 2005 No. 22/2 'On the Regulation 'On Minimum Requirements for External Audit of Banks and Other Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic', registration number of the Ministry of Justice of the Kyrgyz Republic dated August 12, 2005 No. 102-05" dated March 27, 2013 No. 9/11;

• in the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments and Additions to Certain Resolutions of the Board of the National Bank of the Kyrgyz Republic" dated February 10, 2016 No. 7/2:

paragraph 21 of paragraph 1;

paragraph 20 of the Appendix to the aforementioned Resolution;

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Amendments and Additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic 'On the Regulation 'On Minimum Requirements for External Audit of Banks and Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic' dated July 14, 2005 No. 22/2" dated May 25, 2016 No. 20/6.

3. This Resolution enters into force on June 22, 2017.

4. The Legal Department:

• publish this Resolution on the official website of the National Bank of the Kyrgyz Republic;

• after official publication, send this Resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts of the Kyrgyz Republic.

5. The Supervision and Licensing Methodology Department shall bring this Resolution to the attention of commercial banks, microfinance companies, the Limited Liability Partnership "Union of Banks of Kyrgyzstan", the Joint Stock Company "Financial Company of Credit Unions", regional departments, and the branch office of the National Bank of the Kyrgyz Republic in the Batken Region.

6. Control over the execution of this Resolution is entrusted to the Board Member of the National Bank of the Kyrgyz Republic T.D. Jusupov.

Chairman of the Board of the National Bank of the Kyrgyz Republic		T. Abdygulov