Resolution of the Board of the National Bank of the Kyrgyz Republic No. 36/15 of May 26, 2010 on Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of May 26, 2010 No. 36/15

On Amendments to Certain Regulatory Legal Acts of 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", Articles 4, 26, 30 and 33 of the Law of the Kyrgyz Republic "On Credit Unions", the Board of the National Bank of the Kyrgyz Republic

RESOLVES:

1. To make the following addition to the Resolution of the Board of the National Bank of the Kyrgyz Republic of May 4, 2005 No. 14/2 "On the New Edition of the Rules for Regulating the Activities of Credit Unions in the Kyrgyz Republic", registered in the Ministry of Justice of the Kyrgyz Republic on June 6, 2005, registration number 73-05, according to the Appendix to this Resolution.

2. To make the following change to the Resolution of the Board of the National Bank of the Kyrgyz Republic of April 27, 2005 No. 12/6 "On the New Edition of the Temporary Rules for Regulating the Activities of the LLC 'Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic'", registered in the Ministry of Justice of the Kyrgyz Republic on June 9, 2005, registration number 71-05, according to the Appendix to this Resolution.

3. This Resolution shall enter into force upon the expiration of one month after its official publication.

4. After official publication, the Legal Department shall 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. Control over the implementation of this Resolution shall be entrusted to the Acting Deputy Chairman of the National Bank of the Kyrgyz Republic A.A. Myrzaev.

Acting Chairman of the Board of the National Bank of the Kyrgyz Republic	Z. Chokoev

	Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic of May 26, 2010 No. 36/15

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

1. To make the following addition to the Rules for Regulating the Activities of Credit Unions in the Kyrgyz Republic, approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic of May 4, 2005 No. 14/2 "On the New Edition of the Rules for Regulating the Activities of Credit Unions in the Kyrgyz Republic", registered in the Ministry of Justice of the Kyrgyz Republic on June 6, 2005, registration number 73-05:

Paragraph 5.1. of Section V is supplemented with sub-paragraph 5.1.3. of the following content:

"5.1.3. The standard for the maximum size of external borrowings shall not apply to credit unions operating for more than 8 years and/or having a license to attract deposits from participants."

2. To make the following change to the Temporary Rules for Regulating the Activities of the LLC 'Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic', approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic of April 27, 2005 No. 12/6, registered in the Ministry of Justice of the Kyrgyz Republic on June 9, 2005, registration number 71-05:

1) In sub-paragraph 3.1.1. of paragraph 3.1. of Section 3, replace the number "20" with the number "25".