Resolution of the Board of the National Bank of the Kyrgyz Republic No. 78/9 of December 23, 2015 on Amendments and Additions to Resolution No. 45/13

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of December 23, 2015 No. 78/9

On Amendments and Additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for Refinancing and Liquidity Support' dated November 27, 2013 No. 45/13"

In accordance with Articles 7 and 43 of the 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. Make the following amendments and additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for Refinancing and Liquidity Support' dated November 27, 2013 No. 45/13" (attached).

2. 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 Regulatory Legal Acts of the Kyrgyz Republic.

3. This Resolution enters into force from the day of its official publication.

4. The action of this Resolution extends to relations regarding unpaid loans arising before the introduction of this Resolution into force.

5. The Monetary Operations Department shall bring this Resolution to the attention of commercial banks.

6. Control over the implementation of this Resolution is assigned to the Deputy Chairman of the National Bank of the Kyrgyz Republic N. Zhenish.

Chairman		T. Abdygulov

		Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic of December 23, 2015 No. 78/9

AMENDMENTS AND ADDITIONS in the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for Refinancing and Liquidity Support' dated November 27, 2013 No. 45/13"

Make the following amendments and additions to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for Refinancing and Liquidity Support' dated November 27, 2013 No. 45/13":

in the Regulation "On the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for Refinancing and Liquidity Support", approved by the aforementioned Resolution:

• paragraph 77 is to be worded as follows:

"77. Conditions for extension, including the number of extensions, as well as the interest rate used for extension, are determined by the Board of the National Bank.";

• paragraph 6.3 of Appendix 1 is to be worded as follows:

"6.3. Conditions for extension, including the number of extensions, as well as the interest rate used for extension, are determined by the Board of the National Bank.".