Resolution of the Board of the National Bank of the Kyrgyz Republic No. 37/5 of 29 November 2006 on Amending and Supplementing the Regulation on Measures of Influence Applied to Banks and Certain Other Financial and Credit Institutions Licensed by the National Bank of the Kyrgyz Republic

LOST FORCE in accordance with resolution of the Board of the National Bank of the Kyrgyz Republic of 15 June 2017 No. 2017-P-12/25-4

Registered with the Ministry of Justice of the Kyrgyz Republic

26 December 2006. Registration number 126-06

Bishkek city

of 29 November 2006 No. 37/5

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

On Amending and Supplementing the Regulation

"On Measures of Influence Applied to Banks and Certain

Other Financial and Credit Institutions Licensed

by the National Bank of the Kyrgyz Republic"

Having considered the draft amendments and supplements to the Regulation "On Measures of In-

fluence Applied to Banks and Certain Other Financial and Credit

Institutions Licensed by the National Bank of the Kyrgyz Republic",

approved by resolution of the Board of the National Bank of the Kyrgyz

Republic No. 16/2 of 19.05.2005 (registration number of the Ministry

of Justice of the Kyrgyz Republic 78-05 of 24.06.2005), guided

by the Laws of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", "On

Banks and Banking Activities in the Kyrgyz Republic" and "On Counter-

ing the Financing of Terrorism and the Legalization (Laundering) of

Proceeds from Crime", the Board of the National Bank of the Kyrgyz

Republic resolves:

1. To approve the amendments and supplements to the Regulation "On Measures of In-

fluence Applied to Banks and Certain Other Financial and Credit In-

stitutions Licensed by the National Bank of the Kyrgyz Republic"

(attached).

2. The Supervision and Licensing Methodology Department, together with

the Legal Department, shall in the established procedure conduct state

registration of this resolution with the Ministry of Justice of the Kyrgyz

Republic.

3. This resolution enters into force from the moment of official

publication after state registration with the Ministry of Justice

of the Kyrgyz Republic.

4. After publication of the registered normative legal

act, the Legal Department shall inform the Ministry of Justice of the Kyrgyz

Republic of the source of publication (name of the publication, its number and

date).

5. Control over the execution of this resolution shall be entrusted to

Deputy Chairman of the NBKR Bokontaev K.K.

Chairman of the Board of the National

Bank of the Kyrgyz Republic M. Alapaev

Annex

to the resolution of the Board

of the National Bank

of the Kyrgyz Republic

of 29 November 2006 No. 37/5

AMENDMENTS AND SUPPLEMENTS

to the Regulation "On Measures of Influence Applied to Banks

and Certain Other Financial and Credit Institutions

Licensed by the National Bank of the Kyrgyz Republic"

1. Section "General Provisions":

a) the first paragraph, after the words "On Banks and Banking Activities in

the Kyrgyz Republic", shall be supplemented with the words "On Countering the Financing

of Terrorism and the Legalization (Laundering) of Proceeds from Crime" and further according to the text;

b) the third paragraph, after the words "banking system", shall be supplemented with the words

"countering the financing of terrorism and the legalization (laundering)

of proceeds from crime" and further according to the text;

c) the fifth paragraph, after the words "On Banks and Banking Activities in

the Kyrgyz Republic", shall be supplemented with the words "On Countering the Financing

of Terrorism and the Legalization (Laundering) of Proceeds from Crime" and further according to the text;

2. Paragraph 1.2 shall be supplemented with a new subparagraph of the following content:

"o) the nature, frequency and volume of the activity or operation(s)

falling under a violation of the legislation on countering the financing

of terrorism and the legalization (laundering) of proceeds from

crime";

3. Subparagraph 1.4, after the words "norms and rules", shall be supplemented with the words

"as well as the provisions of the legislation and/or normative legal acts on

countering the financing of terrorism and the legalization (laundering) of

proceeds from crime" and further according to the text;

4. Paragraph 5.1, after the words "identified deficiencies", shall be supplemented with the words

"including violations of the legislation on countering the financing

of terrorism and the legalization (laundering) of proceeds from

crime";

5. Subparagraph 6.9.3 of paragraph 6.9 shall be supplemented with a new subparagraph of the following

content:

"5) carried out or was involved in activity violating the

legislation and/or normative legal acts on countering the financing

of terrorism and the legalization (laundering) of proceeds from

crime";

6. Subparagraph 2 of paragraph 6.10.1, after the words "banking legislation",

shall be supplemented with the words "including the legislation and/or normative

legal acts on countering the financing of terrorism and the legalization

(laundering) of proceeds from crime";

7. Subparagraph 6.11.1 of paragraph 6.11 shall be supplemented with a new subparagraph of the following

content:

"3) violations of the legislation and/or normative legal acts on

countering the financing of terrorism and the legalization (laundering) of

proceeds from crime";

Subparagraphs 3), 4), 5), 6), 7), 8), 9) of paragraph 6.11 shall be considered

respectively as subparagraphs 4), 5), 6), 7), 8), 9) and 10) of paragraph 6.11;

8. Subparagraph 6.12.2 of paragraph 6.12 shall be supplemented with a new subparagraph of the following

content:

"4) the bank violates the legislation and/or normative legal acts

on countering the financing of terrorism and the legalization (laundering)

of proceeds from crime";

9. Subparagraph 6.13.2 of paragraph 6.13, after the words "On Conservation, Liquidation

and Bankruptcy of Banks", shall be supplemented with the words "as well as in the event of a violation

of the Law of the Kyrgyz Republic "On Countering the Financing of Terrorism and the Legalization

(Laundering) of Proceeds from Crime";

10. In paragraph 4 of Annex 1, after the words: "banking operations", shall be

supplemented with the words: "and/or violations of the legislation on countering

the financing of terrorism and the legalization (laundering) of proceeds from

crime";

11. The first paragraph of Annex 2, after the words: "Code of Administrative

Responsibility", shall be supplemented with the words: "On Countering the Financing

of Terrorism and the Legalization (Laundering) of Proceeds from

crime".