Resolution of the Board of the National Bank of the Kyrgyz Republic No. 55/15 of 29.09.2011 on the Entry into Force of the Regulation on Mandatory Reserve Requirements for Microfinance Companies Accepting Deposits, Approved by Resolution of the Board of the National Bank of the Kyrgyz Republic No. 1/1 of 30.01.2010

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Date of creation: 2011-11-24

Resolution of the Board of the NBKR No. 55/15 of 29.09.11

On the entry into force of the Regulation "On mandatory reserve requirements of microfinance companies accepting deposits", approved by resolution of the Board of the National Bank of the Kyrgyz Republic No. 1/1 of 30.01.2010

In connection with the removal of the restriction on the right to accept term deposits from individuals and legal entities of ZAO MFK "Bai Tushum and Partners", and also in accordance with paragraph 2 of resolution of the Board of the National Bank of the Kyrgyz Republic No. 1/1 of 30.01.2010 "On approval of the Regulation 'On mandatory reserve requirements of microfinance companies accepting deposits'" guided by Article 43 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic" the Board of the National Bank resolves:

1.

To recognize the Regulation "On mandatory reserve requirements of microfinance companies accepting deposits" approved by resolution of the Board of the National Bank of the Kyrgyz Republic No. 1/1 of 30.01.2010 as having entered into force.

2.

This resolution enters into force upon the expiry of one month from the moment of official publication.

3.

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 Normative Acts of the Kyrgyz Republic.

4.

The Department for Supervision of Non-Bank Institutions shall bring this resolution to the attention of microfinance companies accepting term deposits from individuals and legal entities.

5.

Control over the execution of this resolution shall be assigned to the Deputy Chairman of the National Bank of the Kyrgyz Republic Zheenbayev B.Zh.

For the Chairman

Acting Chairman of the NBKR Chokoyev Z.L.

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