Resolution of the Board of the National Bank of the Kyrgyz Republic No. 47/8 of 30 October 2014 on Amendments to Certain Resolutions of the Board of the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of 30 October 2014 No. 47/8

On Amendments to Certain Resolutions of the Board of the National Bank of the Kyrgyz Republic

In accordance with Articles 7 and 43 of the Law "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic

RESOLVES:

1. To introduce amendments to the following resolutions of the Board of the National Bank of the Kyrgyz Republic (attached):

• "On approval of the Regulation 'On the procedure for placement, repeated offering, additional placement, buyback and settlement of government securities of the Government of the Kyrgyz Republic through the National Bank of the Kyrgyz Republic' of 26 June 2013 No. 20/1";

• "On approval of the Regulation 'On the issue, placement, circulation and redemption of notes of the National Bank of the Kyrgyz Republic' of 28 March 2013 No. 10/6".

2. To 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 Normative Legal Acts of the Kyrgyz Republic.

3. This resolution enters into force upon expiry of 15 days from the day of official publication.

4. To the Monetary Operations Department: bring this resolution to the attention of commercial banks, relevant structural subdivisions, regional departments and the representative office of the National Bank in Batken region.

5. To assign control over the execution of this resolution to the Deputy Chairman of the National Bank of the Kyrgyz Republic N. Zhenish.

Chairman	T. Abdygulov

	Annex to the resolution of the Board of the National Bank of the Kyrgyz Republic of "30" October 2014 No. 47\8

Amendments to Certain Resolutions of the Board of the National Bank of the Kyrgyz Republic

1. To introduce 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 placement, repeated offering, additional placement, buyback and settlement of government securities of the Government of the Kyrgyz Republic through the National Bank of the Kyrgyz Republic' of 26 June 2013 No. 20/1":

in the Regulation "On the procedure for placement, repeated offering, additional placement, buyback and settlement of government securities of the Government of the Kyrgyz Republic through the National Bank of the Kyrgyz Republic", approved by the above-mentioned resolution:

paragraph 21 shall be restated as follows:

"21. Direct participant – a commercial bank licensed by the National Bank, having a correspondent/current account with the National Bank (hereinafter – the Bank), the Social Fund of the Kyrgyz Republic and the Deposit Protection Agency of the Kyrgyz Republic, which have concluded with the National Bank the relevant agreement on work in the market of government securities placed through the National Bank.".

2. To introduce the following amendment to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation 'On the issue, placement, circulation and redemption of notes of the National Bank of the Kyrgyz Republic' of 28 March 2013 No. 10/6":

in the Regulation "On the issue, placement, circulation and redemption of notes of the National Bank of the Kyrgyz Republic", approved by the above-mentioned resolution:

paragraph 9 shall be restated as follows:

"9. Direct participant – a commercial bank licensed by the National Bank, having a correspondent/current account with the National Bank (hereinafter – the Bank), the Social Fund of the Kyrgyz Republic and the Deposit Protection Agency of the Kyrgyz Republic, which have concluded with the National Bank the relevant agreement on work in the market of notes of the National Bank (Appendices 1, 2).".