RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of September 12, 2025 No. 2025-P-12/46-1-(NPA)

About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic

According to Articles 5, "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides 9 and 64 constitutional Laws of the Kyrgyz Republic:

1. Make changes to the following resolutions of Board of National Bank of the Kyrgyz Republic it (is applied):

1) "About the main requirements to Committee on audit" of November 20, 2003 No. 32/7;

2) "About the List of the main documents which are formed in activities of the commercial banks and financial credit institutions licensed by National Bank of the Kyrgyz Republic with indication of storage durations" of August 27, 2004 No. 22/9;

3) "About the Instruction "About procedure for observance of limits of open foreign exchange position and open line item in precious metals the banks performing transactions according to the Islamic principles of banking and financing" of October 14, 2009 No. 41/4;

4) "About approval of the Instruction for determination of standards of sufficiency (adequacy) of the capital of the banks performing transactions according to the Islamic principles of banking and financing" of December 28, 2009 No. 51/4;

5) "About some regulatory legal acts of National Bank of the Kyrgyz Republic" of December 28, 2009 No. 51/6;

6) "About approval of the Instruction "About limits of the financing performed according to the Islamic principles of banking and financing" of October 12, 2012 No. 40/1;

7) "About approval "Regulations on the minimum requirements on credit risk management when implementing transactions according to the Islamic principles of banking and financing" of September 25, 2013 No. 35/13;

8) "About approval of the Regulations on the minimum requirements on credit risk management in the microfinancial organizations which are not attracting deposits (deposits)" of September 25, 2013 No. 35/14;

9) "About approval "Regulations on the minimum requirements on credit risk management in the credit unions performing transactions according to the Islamic principles of banking and financing" of December 23, 2013 No. 52/7;

10) "About approval "Regulations of activities of the microfinancial organizations performing transactions by the Islamic principles of banking and financing" of May 30, 2014 No. 24/11;

11) "About approval of the Provision "About Requirements to Forming of the Financial Reporting of the Commercial Banks Performing Transactions according to the Islamic Principles of Banking and Financing" of May 31, 2017 No. 21/13;

12) "About approval of Rules of forming of internal control system and internal audit in the banks and non-bank financial credit institutions licensed and regulated by National Bank of the Kyrgyz Republic" of June 15, 2017 No. 2017-P-12/25-3-(NPA);

13) "About approval of the Provision "About the Minimum Requirements on Risk Management in the Banks Performing Transactions according to the Islamic Principles of Banking and Financing" of July 18, 2018 No. 2018-P-12/30-3-(BS);

14) "About approval of the Instruction for distribution of profits/losses according to bank accounts, accounts on bank deposits (deposits) according to the Islamic principles of banking and financing" of November 25, 2020 No. 2020-P-12/67-3-(NPA);

15) "About approval of the Provision "About Requirements to Forming, the Publication and Provision in National Bank of the Kyrgyz Republic of the Financial Reporting the Non-bank Financial Credit Institutions Performing Transactions according to the Islamic Principles of Banking and Financing" of February 14, 2024 No. 2024-P-12/5-4-(NPA).

2. From the date of entry into force of this resolution to recognize invalid:

1) the resolution of Board of National Bank of the Kyrgyz Republic "About the Provision "About Realization of the Islamic Principles of Financing in the Kyrgyz Republic within Pilot Project" of October 30, 2006 No. 32/2;

2) the resolution of Board of National Bank of the Kyrgyz Republic "About modification of the Resolution of Board of NBKR No. 32/2 of 30.10.2006. "About the Provision "About Realization of the Islamic Principles of Financing in the Kyrgyz Republic within Pilot Project" of November 15, 2006 No. 36/1;

3) the resolution of Board of National Bank of the Kyrgyz Republic "About introduction of amendments to resolutions of Board of NBKR No. 32/2 of 30.10.2006. "About No. 36/1 Provision "About Realization of the Islamic Principles of Financing in the Kyrgyz Republic within Pilot Project" of 15.11.2006. "About modification of the Resolution of Board of NBKR from No. 32/2 30.10.2006 of. "About the Provision "About Realization of the Islamic Principles of Financing in the Kyrgyz Republic within Pilot Project" of November 30, 2006 No. 38/1;

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