Resolution of the Board of the National Bank of the Kyrgyz Republic No. 58/14 of 24 December 2014 on Amending Certain Resolutions of the Board of the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of 24 December 2014 No. 58/14

On Amending 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 the attached amendments to the following resolutions of the Board of the National Bank of the Kyrgyz Republic:

• "On approval of the Regulation on economic ratios and requirements mandatory for commercial banks and financial credit institutions licensed by the National Bank of the Kyrgyz Republic" of 21 July 2004 No. 18/1;

• "On approval of the Instruction 'On the procedure for compliance with open currency position limits by commercial banks in the territory of the Kyrgyz Republic'" of 29 December 2004 No. 36/13.

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

3. The Legal Department shall:

• 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.

4. The Supervision and Licensing Methodology Department shall bring this resolution to the attention of commercial banks, the State Development Bank of the Kyrgyz Republic, regional Divisions and the representative office of the National Bank of the Kyrgyz Republic in Batken oblast.

5. Control over the execution of this resolution shall be assigned to the Deputy Chairman of the National Bank of the Kyrgyz Republic, L.D. Orozbaewa.

Chairman	T. Abdygulov

	Annex to the resolution of the Board of the National Bank of the Kyrgyz Republic of 24 December 2014 No. 58/14

Amendments to certain resolutions of the Board of the National Bank of the Kyrgyz Republic

1. To introduce to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation on economic ratios and requirements mandatory for commercial banks and financial credit institutions licensed by the National Bank of the Kyrgyz Republic" of 21 July 2004 No. 18/1 the following amendment:

in the Regulation on economic ratios and requirements mandatory for commercial banks and financial credit institutions licensed by the National Bank of the Kyrgyz Republic, approved by the above-mentioned resolution:

supplement with clause 1.4 of the following content:

"1.4. In order to achieve the goal and fulfill the tasks of the National Bank, the Board of the National Bank may, by a separate resolution, change the values of the economic ratios and requirements established in this Regulation for a limited period.

2. To introduce to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Instruction 'On the procedure for compliance with open currency position limits by commercial banks in the territory of the Kyrgyz Republic'" of 29 December 2004 No. 36/13 the following amendment:

in the Instruction "On the procedure for compliance with open currency position limits by commercial banks in the territory of the Kyrgyz Republic", approved by the above-mentioned resolution:

supplement the first paragraph of the preamble with a sentence of the following content:

"In order to achieve the goal and fulfill the tasks of the National Bank, the Board of the National Bank may, by a separate resolution, change the values of the currency position limits established in this Instruction for a limited period."