RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of June 28, 2006 No. 19/2

About approval of the Provision "About the Minimum Requirements on Market Risk Management 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 Market Risk Management in Commercial Banks of SP Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic", being guided by articles 7 and 43 of the Law 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 Market Risk Management 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 to carry out in accordance with the established procedure state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic with the subsequent official publication.

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 market risk management into compliance with this resolution, after its entry into force, till January 1, 2007.

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