ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of March 12, 2018 No. 126

About modification of the order of the Government of the Kyrgyz Republic "About approval of the regulatory legal acts regulating process of investment of means of pension accruals in the Kyrgyz Republic" of August 19, 2015 No. 590

For the purpose of the organization of effective investment of pension assets, according to article 17 of the Law of the Kyrgyz Republic "About investment of means for financing of investment part of the state pension on the national social insurance in the Kyrgyz Republic", articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Bring in the order of the Government of the Kyrgyz Republic "About approval of the regulatory legal acts regulating process of investment of means of pension accruals in the Kyrgyz Republic" of August 19, 2015 No. 590 the following changes:

- to state appendix 2 to the above-stated resolution in edition according to appendix 1 to this resolution;

- to state appendix 3 to the above-stated resolution in edition according to appendix 2 to this resolution.

2. This resolution becomes effective after fifteen days from the date of official publication.

Appendix 1

"Appendix 2

to the Order of the Government of the Kyrgyz Republic of August 19, 2015 No. 590

Regulations on procedure for the organization and carrying out tender on the conclusion of the service provision agreement of depositary

1. General provisions

1. This Provision determines procedure for the organization and carrying out tender by selection of depositary for the conclusion it service provision agreements of depositary with Social fund of the Kyrgyz Republic (further - Sotsfond) or the accumulation pension fund (further - NPF).

2. The organizer of tender on selection of depositary is Sotsfond or NPF (further - the organizer of tender).

3. Competition on selection of depositary for the conclusion of the service provision agreement of depositary is held openly with any number of participants according to the legislation of the Kyrgyz Republic and this Provision.

4. By results of tender the depositary conforming to the requirements established in Item 10 of this provision with which Sotsfond or NPF sign the service provision agreement of depositary is determined.

2. Preparation and carrying out tender on selection of depositary

5. Preparation and carrying out tender is performed by tender committee which structure affirms the organizer of tender in number of at least 5 and no more than 15 people (the number of members of the commission shall make odd number).

Representatives of the interested ministries, the state committees, administrative departments and other state bodies of the Kyrgyz Republic enter into structure of the tender committee created by Sotsfond.

NPFs independently determine structure of tender committee and have the right to include representatives of state bodies of the Kyrgyz Republic in its structure. Inclusion of representatives of authorized state body in the field of supervision and regulation of the financial market in structure of the tender committee created by NPF, surely.

6. The chairman of tender committee is the representative of the organizer of tender who directs activities of tender committee, will organize its work. During absence of the chairman of tender committee its functions are performed by the vice-chairman of the commission.

7. The tender committee performs the following functions:

a) opens envelopes with the bids registered in the magazine of registration of requests;

b) considers requests and determines their compliance to the requirements established in Item 10 of this provision;

c) estimates and compares requests;

d) determines the winner and sums up the tender results.

8. The organizer of tender in 30 (thirty) calendar days prior to carrying out tender publishes information on carrying out tender and requirements to participants of tender in mass media of republican value and on the official site of the organizer of tender.

9. The published information on carrying out tender shall contain the following data:

a) name and address of the organizer of tender;

b) time and venue of tender;

c) terms of the contract about rendering services of depositary, including the duration of the agreement;

d) the requirements to participants of tender established according to Item 10 of this provision;

e) procedure and place of receipt of the tender documentation;

e) size, procedure and terms of introduction of warranty providing bids;

g) procedure, place and submission due dates of bids;

h) closing date of the service provision agreement of depositary.

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