ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of July 21, 2017 No. 441

About modification of some decisions of the Government of the Kyrgyz Republic in the field of protection of deposits

For the purpose of reduction of decisions of the Government of the Kyrgyz Republic in compliance with the Law of the Kyrgyz Republic "About protection of bank deposits (deposits)", being guided by 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 procedure of payments of fees in Deposit Protection Fund" of December 11, 2008 No. 687 the following changes:

in Regulations on the procedure of payments of fees in Deposit Protection Fund approved by the above-stated resolution:

- in Item 1.1 of the word "About Banks and Banking Activity in the Kyrgyz Republic", "About National Bank of the Kyrgyz Republic" shall be replaced with words "About National Bank of the Kyrgyz Republic, banks and banking activity";

- state Item 2.2 in the following edition:

"2.2. Newly created banks, except for "transitional" bank, shall pay the admission fee to Deposit Protection Fund in the amount of one percent from the standard rate of the minimum authorized capital established for newly created banks. The admission fee shall be paid during the period after receipt of permission of National Bank of the Kyrgyz Republic and before licensing. The "transitional" bank created during restructuring of bank is exempted from payment of the admission fee.";

- in Item 3.5 the offer "If within 6 months the specified measures did not bring result, the Agency addresses to National Bank of the Kyrgyz Republic for taking measures to participating bank." to exclude.

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