Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2020-P-09/8-5-(NPA) of February 26, 2020 on Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 45/13 of November 27, 2013

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of February 26, 2020 No. 2020-P-09/8-5-(NPA)

On Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for the Purposes of Refinancing and Maintaining Liquidity' dated November 27, 2013 No. 45/13"

In accordance with Articles 20, 53, 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 the following amendment to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for the Purposes of Refinancing and Maintaining Liquidity' dated November 27, 2013 No. 45/13":

in the Regulation "On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for the Purposes of Refinancing and Maintaining Liquidity," approved by the aforementioned Resolution:

• rephrase the second sentence of paragraph 52 as follows:

"In the event that fewer than two participants participate in an auction conducted using Method I or II, the auction shall be considered failed."

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 shall enter into force from the date of its official publication.

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

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

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