Resolution of the Board of the National Bank of the Kyrgyz Republic No. 9/5 of 19 March 2014 on Amending and Supplementing the Resolution of the Board of the National Bank of the Kyrgyz Republic of 29 January 2014 No. 2/5 "On Approval of the Regulation 'On the 7-Day Loan of the National Bank of the Kyrgyz Republic'"

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of 19 March 2014 No. 9/5

On Amending and Supplementing the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the 7-Day Loan of the National Bank of the Kyrgyz Republic'" of 29 January 2014 No. 2/5

In accordance with Articles 5, 7 and 28 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. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the 7-Day Loan of the National Bank of the Kyrgyz Republic'" of 29 January 2014 No. 2/5 the amendments and supplements (attached).

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 the expiry of 15 days from the day of official publication.

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

5. To assign control over the execution of this resolution to the Deputy Chairman of the National Bank of the Kyrgyz Republic, Zheenbekova B.Zh.

For the Chairman Deputy Chairman	Z.L. Chokoev

	Annex to the resolution of the Board of the National Bank of the Kyrgyz Republic of "19" March 2014 No. 9\5

			---		Amendments and supplements to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the 7-Day Loan of the National Bank of the Kyrgyz Republic'" of 29 January 2014 No. 2/5

To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation 'On the 7-Day Loan of the National Bank of the Kyrgyz Republic'" of 29 January 2014 No. 2/5 the following amendments and supplements:

in the Regulation "On the 7-Day Loan of the National Bank of the Kyrgyz Republic", approved by the above-mentioned resolution:

• in paragraph 5, the second and third sentences shall be set out in the following wording: "The subject of collateral shall be government securities of the Kyrgyz Republic (GS). The requirements for the sufficiency volume (in percentage terms), type and other parameters of collateral in the form of GS shall be established by the KRCC.";

• Chapter III shall be supplemented with paragraph 13-1 of the following content:

"13-1. A bank shall not be entitled to use credit resources received from the National Bank for conducting operations on the foreign exchange market and the securities market, including the government securities market. A bank must use the received credit resources of the National Bank exclusively for the purposes specified in paragraph 3 of this Regulation.";

• Chapter 2 of the Appendix to the Regulation shall be supplemented with paragraph 2.5-1 of the following content:

"2.5-1. A bank shall not be entitled to use credit resources received from the National Bank for conducting operations on the foreign exchange market and the securities market, including the government securities market. A bank must use the received credit resources of the National Bank exclusively for the purposes specified in paragraph 3 of the Regulation.".