ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of February 10, 2016 No. 57

About entering of amendments into the order of the Government of the Kyrgyz Republic "About approval of the Regulations on release and the circulation of bonds in the Kyrgyz Republic" of June 1, 2011 No. 275

For the purpose of creation of conditions for placement and the circulation of bonds on the stock exchange, according to articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Bring in the order of the Government of the Kyrgyz Republic "About approval of the Regulations on release and the circulation of bonds in the Kyrgyz Republic" of June 1, 2011 No. 275 the following amendments:

in Regulations on the release and the circulation of bonds in the Kyrgyz Republic approved by the above-stated resolution:

- add Item 8 with paragraphs the sixth or eighth the following content:

"-the bonds provided with gold - nominal, the negotiable bonds with the indexed nominal value with binding to gold fixing certifying the right of their owner to obtaining from the issuer of gold bullions the weight determined by the issuer in case of their release or the costs of gold bullions certifying the right of their owners to obtaining;

- gold fixing - the daily price of gold for one troy ounce established by the London association of the market of precious metals (LBMA). When calculating bond value provided with gold the evening fixing of gold price established by LBMA in the day preceding day of carrying out transactions on these bonds is used;

- amount of providing with gold - set of the gold bullions represented by bond issuing institution, provided with gold as providing obligations to owners of gold bullions.";

- add Section 6 with the head of the following content:

"Features of bond emission, provided with gold

106. The bonds provided with gold can be issued only in case of providing obligations of the issuer to their owners with amount of providing with the gold providing delivery of gold bullions.

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