THE RESOLUTION OF THE NATIONAL COMMISSION ON THE SECURITY MARKET IN CASE OF THE PRESIDENT OF THE KYRGYZ REPUBLIC

of December 30, 1998 No. 63

About approval of the Regulations on clearing activities in the security market in the Kyrgyz Republic

For the purpose of creation of necessary conditions for acceleration of settlement obligations on securities and enhancement of regulation of the relations between members of the security market the National commission on the security market in case of the President of the Kyrgyz Republic decides:

1. Approve the enclosed Regulations on clearing activities in the security market in the Kyrgyz Republic.

2. To the legal entities performing clearing activities according to the license NKRTsB strictly to be guided by this Provision.

Approved by the resolution of the National commission on the security market in case of the President of the Kyrgyz Republic of December 30, 1998 No. 63

Regulations on clearing activities in the security market in the Kyrgyz Republic

1. General provisions

1.1. This Regulations on clearing activities in the security market in the Kyrgyz Republic (further - the Provision) determine conditions of implementation of clearing activities in the security market of the Kyrgyz Republic, establish requirements to implementation of clearing activities in the security market, and also determine procedure for state regulation and supervision of clearing activities in the security market.

1.2. Action of this provision extends to all organizations performing clearing activities in the security market in the Kyrgyz Republic.

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