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Saturday, November 18, 2017

National Bank of the Kyrgyz Republic posts draft amendments

The National Bank of the Kyrgyz Republic recently posted draft amendments to some legal acts of the National Bank to its website for use by commercial banks and other financial and credit institutions.

The information posted was on the provision regarding the impact of the measures applied to banks and some other financial institutions licensed by the National Bank of the Kyrgyz Republic, approved by the Board of the National Bank of they Kyrgyz Republic on May 19, 2005, number 16/2.

Other information was posted regarding the regulation on the definition of a dominant position in the banking market, which was approved by the Board of the National Bank of the Kyrgyz Republic on March 28, 2007, number 16/5.

The posting will allow the National Bank to align regulations from previously approved amendments with the basic principles of antitrust regulation, competition and consumer protection in the banking market.