ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of November 10, 2008 No. 618

About approval of the Regulations on procedure for release, placement, the address and repayment of municipal securities in the Kyrgyz Republic

For the purpose of market development of securities, the Government of the Kyrgyz Republic decides providing local government bodies with additional financial resources for acceleration of social and economic development of regions:

1. Approve the enclosed Regulations on procedure for release, placement, the address and repayment of municipal securities in the Kyrgyz Republic.

2. Recommend to local government bodies to be guided in case of release of municipal securities by the above-stated Provision.

3. Declare invalid the order of the Government of the Kyrgyz Republic of October 8, 2002 No. 692 "About approval of provisional regulations for release and the address in the Kyrgyz Republic of municipal securities".

4. To impose control over the implementation of this resolution on department of economy, trade, tourism and entrepreneurship and department of finance and credit policy of Government office of the Kyrgyz Republic.

Approved by the Order of the Government of the Kyrgyz Republic of November 10, 2008 No. 618

Regulations on procedure for release, placement, the address and repayment of municipal securities in the Kyrgyz Republic

I. General provisions

1. This Provision regulates procedure for release, placement, the address and repayment of securities of local government bodies (further - municipal securities) in the Kyrgyz Republic.

2. Municipal securities are the securities issued by local government bodies (the issuer of securities).

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