The resolution "On Certain Issues in the Sphere of the Securities Market" approved provisions concerning the specifics of the National Depository's activities, as well as the procedure for maintaining the unified state register of securities in the Kyrgyz Republic and assigning state registration numbers to securities issues.
Repeal of old norms and entry into force
Under the adopted document, several previously effective regulations were repealed. Government resolution No. 410 of July 26, 2011, which regulated the maintenance of the state securities register and the assignment of registration numbers, has been fully invalidated, as has the resolution of January 21, 2012, No. 45, which amended it.
Changes in securities regulation
In addition, certain paragraphs of resolutions concerning mortgage securities (resolution No. 208 of 2014 and No. 166 of 2017) and Islamic securities (resolution No. 323 of 2017) were repealed.
The decision was adopted in accordance with the Law "On the Securities Market" and the constitutional law "On the Cabinet of Ministers of the Kyrgyz Republic." The resolution enters into force fifteen days after its official publication.
