ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of May 24, 2016 No. 273

About approval of the Procedure for the conclusion of the agreement of compulsory liability insurance of depositary and managing companies

For the purpose of protection of the rights and interests of investors (participants) and insured persons, according to articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic", article 18 of the Law of the Kyrgyz Republic "About investment of means for financing of investment part of the state pension on the national social insurance in the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Approve the Procedure for the conclusion of the agreement of compulsory liability insurance of depositary and managing companies according to appendix.

2. This resolution becomes effective after fifteen days from the date of official publication.

Appendix

Procedure for the conclusion of the agreement of compulsory liability insurance of depositary and managing companies

1. General provisions

1. This Procedure determines basic provisions of the conclusion (prolongation, the termination) the relevant agreement of compulsory liability insurance of depositary before the State accumulation pension fund of Social fund of the Kyrgyz Republic (further - GNPF) and managing companies, and also managing companies - before GNPF for the agreement breaches about rendering services of depositary caused by mistakes, negligence or intentional illegal actions (failure to act) of employees of depositary / managing company or intentional illegal actions of other persons (further - the insurance contract).

2. In this Procedure the following terms and determinations are used:

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