LAW OF THE KYRGYZ REPUBLIC

of August 8, 2019 No. 114

About introduction of amendments to the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 26, 2019

Article 1.

Bring in the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2008, No. 5, the Art. 453) the following changes:

1) in preamble:

a) the offer first after words of "physical persons in banks" to add with words ", in microfinance companies and the housing and savings credit companies";

b) the offer second after words of "investors of banks" to add with words ", microfinance companies and the housing and savings credit companies";

2) in Article 1:

a) state part 1 in the following edition:

"1. This Law governs the relations on creation and functioning of system of obligatory protection of deposits (deposits), housing savings deposits (deposits) (further - deposits) investors in banks, in microfinance companies of the Kyrgyz Republic and in the housing and savings credit companies (further - system of protection of deposits), to forming and use of Deposit Protection Fund, payment of compensations for deposits in case of approach of warranty cases, and also the relations between the Agency on protection of deposits, commercial banks, microfinance companies, the housing and savings credit companies, National Bank, public authorities and other relations arising in this sphere.";

b) part 3 after the words "extends to banks" to add with words ", microfinance companies and the housing and savings credit companies";

3) in Article 2:

a) in paragraph three to replace the word "Register" with the word "register";

b) add Article with paragraphs the fifth or eighth the following content:

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