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Law review for April 1-6, 2019

IBC
April 6, 2019

On April 1, 2019, the National Bank of the Kyrgyz Republic submitted for public discussion the draft document "On introducing amendments and addenda to some regulatory legal acts of the National Bank of the Kyrgyz Republic" regarding the use of electronic signatures.

In order to expand the capabilities of financial institutions for remote servicing of the population and increase the penetration of financial services, the draft document proposes to regulate the use of electronic signatures in individual banking operations with the establishment of requirements in the regulatory legal acts of the National Bank of the Kyrgyz Republic to reduce the risks related to remote servicing.

Link: https://www.nbkr.kg/newsout.jsp?item=31&lang=RUS&material=91420

On April 1, 2019, the President of the Kyrgyz Republic Sooronbai Jeenbekov signed the Law “On Amendments to the Law of the Kyrgyz Republic “On Auditing Activities”.

The purpose of the adopted law is to strengthen the requirements for audit organizations and auditors aimed at improving the efficiency and quality of audits.

Link: http://www.president.kg/ru/sobytiya/zakony/13721_vneseni_izmeneniya_vzakon_obauditorskoy_deyatelnosti

On April 1, 2019, the President of the Kyrgyz Republic signed the Law “On Amendments to Certain Legislative Acts of the Kyrgyz Republic in connection with the signing of the Treaty on the Customs Code of the Eurasian Economic Union”.

The Law aims to bring the provisions of certain legislative acts of the Kyrgyz Republic in line with the Customs Code of the Eurasian Economic Union.

The law enters into force 15 days after the date of official publication.

Link: http://www.president.kg/ru/sobytiya/zakony/13723_vneseni_izmeneniya_vnekotorie_zakonodatelnie_akti_kirgizskoy_respubliki_vsvyazi_spodpisaniem_dogovora_otamoghennom_kodekse_evraziyskogo_ekonomicheskogo_soyuza

On April 4, 2019, the Ministry of Economy of the Kyrgyz Republic submitted for public discussion a draft Resolution of the Government of the Kyrgyz Republic “On the pilot project on the use of virtual cash registers with the function of data transmission in real time”.

Link: http://www.gov.kg/?p=131579&lang=ru

On April 4, 2019, the deputies of the Jogorku Kenesh passed in three readings the draft law “On Amendments to the Law of the Kyrgyz Republic “On Free Economic Zones in the Kyrgyz Republic” initiated by MP Gulshat Asylbaeva (“Onuguu-Progress”).

The draft law was developed to provide equal opportunities to all en of free economic zones that had previously invested in the economy of the Kyrgyz Republic, adjusted production and provided the population with jobs.

Link: http://www.kenesh.kg/ru/news/show/7466/zhogorku-kenesh-prinyal-ryad-zakonoproektov-v-pervom-vtorom-i-tretyem-chteniyah