Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2025-P-12/50-4-(NPA) of October 8, 2025 on Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

RESOLUTION

OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

of October 8, 2025 No. 2025-P-12/50-4-(NPA)

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

In accordance with Articles 5, 9 and 64 of the Constitutional 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. Make amendments to the following resolutions of the Board of the National Bank of the Kyrgyz Republic (attached):

• "On Approval of the Regulation "On the Supervisory Committee of the National Bank of the Kyrgyz Republic" of March 19, 2005 No. 6/2;

• "On Approval of the Regulation "On Bank Liquidation" of June 8, 2017 No. 2017-P-12/23-5-(NPA);

• "On Approval of the Regulation "On Temporary Administration" of June 8, 2017 No. 2017-P-12/23-8-(NPA);

• "On Approval of the Regulation "On the Procedure for Conducting Certain Banking Operations by Banks of the Kyrgyz Republic in the Event of the Introduction of a Temporary Administration Regime or the Start of a Liquidation Procedure" of June 15, 2017 No. 2017-P-12/25-9-(NPA);

• "On Approval of the Regulation "On Impact Measures Applied to Non-Bank Financial and Credit Organizations and Other Legal Entities Under the Supervision of the National Bank of the Kyrgyz Republic" of December 23, 2020 No. 2020-P-33/73-12-(NFQU).

2. The Legal Department:

• from the day of receipt of the corresponding documents, within 3 (three) working days, 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 after the expiration of 15 (fifteen) days from the date of official publication.

4. The Supervisory Methodology Department, within 3 (three) working days from the date of official publication of this resolution, bring it to the attention of the Union of Legal Entities "Union of Banks of Kyrgyzstan", the Union of Legal Entities "Association of Microfinance Organizations", the Union of Legal Entities "National Association of Credit Unions and Cooperatives of Kyrgyzstan", commercial banks, microfinance organizations, credit unions, the Open Joint Stock Company "Guarantee Fund", housing savings credit companies, specialized financial and credit organizations, and credit bureaus.

5. The "Board Secretariat" Department, within 3 (three) working days from the date of adoption of this resolution, bring it to the attention of structural subdivisions, regional departments, and the Representative Office of the National Bank of the Kyrgyz Republic in the Batken Region.

6. Control over the implementation of this resolution is entrusted to a member of the Board of the National Bank of the Kyrgyz Republic, overseeing the Supervisory Methodology Department.

Chairman of the National Bank of the Kyrgyz Republic		M. Turgunbayev

		Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic of October 8, 2025 No. 2025-P-12/50-4-(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 the Supervisory Committee of the National Bank of the Kyrgyz Republic" of March 19, 2005 No. 6/2:

in the Regulation "On the Supervisory Committee of the National Bank of the Kyrgyz Republic", approved by the aforementioned resolution:

1. in paragraph 2.1:

• sub-item (zh) is worded as follows:

"(zh) introduction of direct banking supervision in accordance with the regulatory legal acts of the National Bank;";

• sub-item (z) is worded as follows:

"(z) introduction of temporary administration in NFQOs, excluding MFOs attracting deposits;";

• sub-item (i) is worded as follows:

"(i) suspension of action/revocation of the license of an NFQO, excluding MFOs attracting deposits;";

• sub-items (k) and (l) are recognized as having lost force;

• the fourteenth paragraph is worded as follows:

"The Committee considers other issues delegated to the Committee by the Board of the National Bank, as well as separate issues regarding the introduction and implementation of Temporary Administration and bank liquidation.";

• paragraphs sixteenth and seventeenth are worded as follows:

"- on the introduction of temporary administration in NFQOs, excluding MFOs attracting deposits;

• on the suspension/revocation of the license of an NFQO, excluding MFOs attracting deposits;";

• paragraph eighteenth is recognized as having lost force;

2. in paragraph 2.1-1, the second paragraph is recognized as having lost force.

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 Bank Liquidation" of June 8, 2017 No. 2017-P-12/23-5-(NPA):

in the Regulation "On Bank Liquidation", approved by the aforementioned resolution:

• paragraph 25 is supplemented with paragraphs sixteenth and seventeenth of the following content:

"Current reports of the liquidator on the progress of the liquidation are heard by the Supervisory Committee of the National Bank.

The Supervisory Committee of the National Bank may, if necessary, recommend raising separate issues for consideration by the Board of the National Bank.".

3. Make the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation "On Temporary Administration" of June 8, 2017 No. 2017-P-12/23-8-(NPA):

in the Regulation "On Temporary Administration", approved by the aforementioned resolution:

1. paragraph 8 is supplemented with paragraph fourteenth of the following content:

"The Supervisory Committee has the right to make decisions on changing the bank's operating regime, including the procedure for the bank's settlements and payments, as well as on lifting restrictions on the bank's activities.";

2. paragraph 17 is supplemented with a second paragraph of the following content:

"A decision on changing the composition of the Temporary Administration in the bank is made by the Supervisory Committee.";

3. paragraph 41 is worded as follows:

"41. The Temporary Administrator monthly, within 10 working days of the month following the reporting month, submits a report on the work done to the National Bank (to the Chairman of the Supervisory Committee/Committee on the Payment System of the National Bank) in accordance with Appendices 2, 2-1 to this Regulation, with an explanatory note.";

4. in the second paragraph of paragraph 42, the word "Board/" is excluded;

5. in the first paragraph of paragraph 45, the word "Board's/" is excluded.

4. 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 Certain Banking Operations by Banks of the Kyrgyz Republic in the Event of the Introduction of a Temporary Administration Regime or the Start of a Liquidation Procedure" of June 15, 2017 No. 2017-P-12/25-9-(NPA):

in the Regulation "On the Procedure for Conducting Certain Banking Operations by Banks of the Kyrgyz Republic in the Event of the Introduction of a Temporary Administration Regime or the Start of a Liquidation Procedure", approved by the aforementioned resolution:

• in paragraph 13, the words "of the National Bank" are replaced with the words "of the Board of the National Bank upon the recommendation of the Supervisory Committee of the National Bank".

5. Make the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation "On Impact Measures Applied to Non-Bank Financial and Credit Organizations and Other Legal Entities Under the Supervision of the National Bank of the Kyrgyz Republic" of December 23, 2020 No. 2020-P-33/73-12-(NFQU):

in the Regulation "On Impact Measures Applied to Non-Bank Financial and Credit Organizations and Other Legal Entities Under the Supervision of the National Bank of the Kyrgyz Republic", approved by the aforementioned resolution:

1. paragraph 66 is worded as follows:

"66. Revocation of the license of an MFO is carried out on the grounds set forth in the Law of the Kyrgyz Republic "On Microfinance Organizations in the Kyrgyz Republic". A decision on the revocation of the license of an MFO attracting deposits is made by the Board of the National Bank, and for an MFO not attracting deposits - by the Supervisory Committee of the National Bank.";

2. in paragraph 67, the word "Board" is replaced with the words "Supervisory Committee".