of April 5, 2008 No. 55
About optimization of the regulatory legal base of regulation of business activity
Accepted by Jogorku Kenesh of the Kyrgyz Republic on February 21, 2008
This Law determines the basic principles of regulation of business activity, and also establishes the procedure of review of regulatory legal acts according to this Law.
1. In this Law regulation of business activity assumes establishment of the rights, obligations and requirements for entrepreneurs and their activities, and also regulation of the relations between public authorities and entrepreneurs.
2. Regulating sandbox - legal regime for testing according to the procedure of experiment of the innovative/new projects allowing state bodies to test in the limited circle projects without risk of violation of the current legislation.
3. The Cabinet of Ministers of the Kyrgyz Republic has the right on determined or in all territory of the Kyrgyz Republic to enter the project of pilot regulation (the mode of "regulating sandbox") for up to one year.
The procedure for carrying out the project of pilot regulation is determined by the Cabinet of Ministers of the Kyrgyz Republic.
Based on information on results of carrying out the project of pilot regulation the corresponding regulatory legal act is adopted or other measures for enhancement of regulatory legal acts or recognition of regulatory legal act invalid are taken.
The basic principles of review and optimization of the regulatory legal base of regulation of business activity are:
- continuity of process of optimization of the regulatory legal base of regulation of business activity, transparency and stability in case of developments and execution of regulatory legal acts in the field of state regulation of business activity (further - regulatory legal acts);
- non-interference to business activity, including non-admission of its suspension, except as specified, provided by the laws;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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