RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of June 15, 2016 No. 25/8

About approval of Policy on risk management in payment system of the Kyrgyz Republic

According to articles 7 and 43 of the Law "About National Bank of the Kyrgyz Republic" and article 33 of the Law "About Payment System of the Kyrgyz Republic" Board of National Bank of the Kyrgyz Republic decides:

1. Approve Policy on risk management in payment system of the Kyrgyz Republic it (is applied).

2. Declare invalid the resolution of Board of National Bank of the Kyrgyz Republic "About approval of Policy on risk management in payment system of the Kyrgyz Republic" of May 19, 2005 No. 16/4.

3. To legal management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic.

- after official publication of this resolution to send to the Ministry of Justice of the Kyrgyz Republic for inclusion in the state register of regulatory legal acts of the Kyrgyz Republic.

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

5. To management on work with documents to bring this resolution to the attention of the relevant structural divisions, regional managements and representative office of National Bank in Batken Province.

6. To management of payment systems to bring this resolution to the attention of commercial banks, operators of payment systems and payment institutes.

7. To impose control of execution of this resolution on the Vice-chairman of National Bank of the Kyrgyz Republic L. Orozbayeva.

Appendix

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