Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2019-P-09/34-2-(NPA) of June 28, 2019 on Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of June 28, 2019 No. 2019-P-09/34-2-(NPA)

On Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

In accordance with Articles 20 and 68 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic, Banks and Banking Activity", the Board of the National Bank of the Kyrgyz Republic

RESOLVES:

1. Make amendments to the following regulatory legal acts of the National Bank of the Kyrgyz Republic (attached):

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Liquidity Support Credit'" dated September 3, 2015 No. 50/1;

• Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Lender of Last Resort Credit'" dated June 14, 2017 No. 2017-P-09/24-6-(NPA).

2. 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.

3. This Resolution enters into force from the day of its official publication.

4. The Monetary and Credit Operations Department shall bring this Resolution to the attention of the relevant structural subdivisions of the National Bank of the Kyrgyz Republic.

5. Control over the implementation of this Resolution shall be entrusted to a member of the Board of the National Bank of the Kyrgyz Republic overseeing the Monetary and Credit Operations Department.

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

		Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic dated June 28, 2019 No. 2019-P-09/34-2-(NPA)

AMENDMENTS to certain regulatory legal acts of the National Bank of the Kyrgyz Republic

1. Make the following amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Liquidity Support Credit'" dated September 3, 2015 No. 50/1:

in the Regulation "On Liquidity Support Credit" approved by the aforementioned Resolution:

• supplement clause 10 with sub-clause 4-1 of the following content:

"4-1) a plan of measures that will reflect the bank's measures to resolve existing liquidity problems and repay the requested credit, approved by the Board of Directors and the Board of the bank;";

• supplement the Regulation with clause 14-1 of the following content:

"14-1. Shares of legal entities supervised by the National Bank cannot be the subject of a pledge.".

2. Make the following amendment to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On Lender of Last Resort Credit'" dated June 14, 2017 No. 2017-P-09/24-6-(NPA):

in the Regulation "On Lender of Last Resort Credit" approved by the aforementioned Resolution:

• supplement the Regulation with clause 19-1 of the following content:

"19-1. Shares of legal entities supervised by the National Bank cannot be the subject of a pledge.".