Resolution of the Board of the National Bank of the Kyrgyz Republic No. 34/4 on Amendments to Resolution No. 13/2 Regarding Offshore Zones

Registered in the Ministry of Justice of the Kyrgyz Republic

December 15, 2005. Registration number 157-05

Bishkek

dated November 18, 2005 No. 34/4

RESOLUTION OF THE BOARD OF THE NATIONAL BANK
OF THE KYRGYZ REPUBLIC

On Amendments to the Resolution of the Board of the NBKR of April 16, 2003 No. 13/2 "On Establishing Requirements for Determining Subjects and the List of Offshore Zones"

In connection with the accession of the Republic of Cyprus to the European Union, guided by Article 43 Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", Articles 8, 39 and 53 Law of the Kyrgyz Republic "On Banks and Banking Activity in the Kyrgyz Republic", The Board of the National Bank of the Kyrgyz Republic resolves:

1. Exclude the Republic of Cyprus from the list of states and territories providing a preferential tax regime and (or) not providing for full disclosure and submission of information to banking supervision authorities (offshore zones), approved by the Resolution of the Board of the NBKR of April 16, 2003 No. 13/2 "On Establishing Requirements for Determining Subjects and the List of Offshore Zones" (registration number MJ KR No. 37-03 dated 22.04.03).

2. The Management Department for Supervision and Licensing jointly with the Legal Department shall carry out state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic in the established manner.

3. This resolution shall enter into force after state registration in the Ministry of Justice of the Kyrgyz Republic and subsequent official publication.

4. After publication of the registered normative legal act, inform the Ministry of Justice of the Kyrgyz Republic about the source of publication (name of the edition, its number and date).

5. Control over the implementation of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Kyrgyz Republic S.E. Janybekova.

Chairman of the Board of the National
Bank of the Kyrgyz Republic U. Sarbanov