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ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of November 25, 2010 No. 298

About approval of the Regulations on procedure for selection of agent banks for payment of compensations to investors in case of approach of warranty case

(as amended on 28-09-2022)

According to the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)" the Government of the Kyrgyz Republic decides:

1. Approve Regulations on procedure for selection of agent banks for payment of compensations to investors in case of approach of warranty case.

2. This resolution becomes effective from the date of its official publication.

 

President of the Kyrgyz Republic

R. Otunbayeva

 

Approved by the Order of the Government of the Kyrgyz Republic of November 25, 2010 No. 298

Regulations on procedure for selection of agent banks for payment of compensations to investors in case of approach of warranty case

I. General provisions

1. This Provision determines the procedure of selection of agent banks (further - selection) through which the Agency on protection of deposits of the Kyrgyz Republic (further - the Agency) can perform payment of compensations to investors in case of approach of warranty case.

2. In this Provision the determinations stated in the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)" are used.

II. Procedure for selection

3. In case of approach of warranty case by the Board of directors of the Agency the Tender committee on selection of agent banks (further - the Tender committee) is created which 5 people enter:

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