Resolution of the Board of the National Bank of the Kyrgyz Republic No. 7/5 of March 23, 2006 on Approving the Regulation on Enforcement Measures Applied to Credit Unions

Registered in the Ministry of Justice of the Kyrgyz Republic

April 21, 2006. Registration number 45-06

Bishkek

March 23, 2006 No. 7/5

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

On Approving the Regulation "On Enforcement Measures

Applied to Credit Unions"

Having considered the draft Regulation "On Enforcement Measures Applied to

Credit Unions", guided by Articles 30 Law of the Kyrgyz Republic "On Credit Unions", 7, 43 Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic resolves:

1. Approve the Regulation "On Enforcement Measures Applied to Credit Unions" (attached).

2. The Methodology and Licensing Supervision Directorate together with

the Legal Department shall, in the established manner, carry out state

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

Republic.

3. This resolution shall enter into force from the moment of official

publication after state registration in the Ministry of Justice of the

Kyrgyz Republic.

4. From the moment of entry into force of this resolution, recognize as

invalid:

• Resolution of the Board of the National Bank of the Kyrgyz Republic No. 19/7 of August 12, 1998 "On Approving the Regulation "On Preventive Measures and Sanctions Applied to Credit Unions";

• Resolution of the Board of the National Bank of the Kyrgyz Republic No. 22/11 of June 5, 2000 "On Amendments and Additions to the Regulation "On Preventive Measures and Sanctions Applied to Credit Unions".

5. After publication of the registered normative legal act, the Legal Department shall inform the Ministry of Justice of the Kyrgyz Republic about the source of publication (name of the edition, its number and date).

6. Control over the implementation of this resolution shall be entrusted to

the Deputy Chairman of the National Bank of the Kyrgyz Republic Zhanibekova S.E.

For the Chairman of the Board

Acting Chairman of the Board of the National

Bank of the Kyrgyz Republic M. Isenbayev