It is registered
Ministry of Justice
Kyrgyz Republic
On August 4, 2006 No. 86-06
of June 28, 2006 No. 19/3
About approval of the Provision "About the Minimum Requirements on Management of Country Risk in the Commercial Banks and Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic"
Having considered the project of the Provision "About the Minimum Requirements on Management of Country Risk in the Commercial Banks and Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic", being guided by Articles 7, 43 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", Articles 24, 25 and 49-3 Laws of the Kyrgyz Republic "About banks and banking activity in the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:
1. Approve the Provision "About the Minimum Requirements on Management of Country Risk in the Commercial Banks and Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic" it (is applied).
2. To management of methodology of supervision and licensing together with Legal department in accordance with the established procedure to carry out state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic.
3. This resolution becomes effective from the moment of official publication after state registration in the Ministry of Justice of the Kyrgyz Republic.
4. To commercial banks, JSC Settlement and Savings Company and Kyrgyz Agricultural Finance Corporation Ltd to bring the internal acts on management of country risk into compliance with this resolution, after its entry into force, till January 1, 2007.
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