RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of August 1, 2016 No. 425

About modification and amendments in the resolution of Board of National Bank of the Republic of Belarus of September 11, 2013 No. 524

Based on subitem 1.2 of Item 1 of the Presidential decree of the Republic of Belarus of May 15, 2008 No. 271 "About some questions of regulation of activities of banks", the paragraph of the seventh of part four of Article 34, No. 465/18 "About features of implementation of payments following the results of work in year to heads of banks" the Board of National Bank of the Republic of Belarus DECIDES: parts one of article 39 of the Bank code of the Republic of Belarus and the paragraph of third Item 1 of the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of June 15, 2016

1. Bring in the resolution of Board of National Bank of the Republic of Belarus of September 11, 2013 No. 524 "About payment procedure of work of employees of banks" (The national legal Internet portal of the Republic of Belarus, 25.10.2013, 8/27999; 25.03. 2014, 8/28462; 21:03. 2015, 8/29732; 13:10. 2015, 8/30277; 12:05. 2016, 8/30905) following changes and amendments:

1.1. to state the name of the resolution in the following edition:

"About some questions of compensation";

1.2. state Item 1 in the following edition:

"1. Approve enclosed:

1.1. The instruction about compensation of employees of banks;

1.2. The instruction about procedure and conditions of payment of remuneration following the results of work for accounting year or annual bonus.";

1.3. in Item 2:

1.3.1. the second subitem 2.1 to exclude part;

1.3.2. from subitem 2.3 the word", bonuses" to exclude;

1.3.3. exclude subitem 2.4;

1.4. in appendix to this resolution:

1.4.1. in Item of 1 line item:

"award, short-term bonuses

financial support

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