of December 28, 2009 No. 51/5
About approval of the Regulations on the minimum requirements on risk management in the banks performing transactions according to the Islamic principles of banking and financing
Within implementation of the Laws of the Kyrgyz Republic "About entering of amendments into the Law of the Kyrgyz Republic "About banks and banking activity in the Kyrgyz Republic" of March 28, 2009 No. 93 and "About entering of amendments into the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" of March 28, 2009 No. 94, according to articles 7 and 43 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:
1. Approve the Provision "About the Minimum Requirements on Risk Management in the Banks Performing Transactions according to the Islamic Principles of Banking and Financing" it (is applied).
2. This resolution becomes effective after one month after official publication.
3. After official publication to send to Legal department this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.
4. To management of methodology of supervision and licensing to bring this resolution to the attention of commercial banks.
5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Bokontayev K. K.
Chairman
M. Alapayev
Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of December 28, 2009 No. 51/5
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The document ceased to be valid since September 9, 2018 according to Item 2 of the Resolution of Board of National Bank of the Kyrgyz Republic of July 18, 2018 No. 2018-P-12/30-3-(BS)