In accordance with the Law “On the Securities Market” and in order to implement the National Strategy for Sustainable Development of the Kyrgyz Republic for the period 2013-2017 years, approved by Presidential Decree of 21 January 2013 number 11, and the Programme on the transition of the Kyrgyz Republic to Sustainable Development for 2013-2017, approved by the Jogorku Kenesh of the Kyrgyz Republic on December 18, 2013 №3694-V The Government of the Kyrgyz Republic decides:
1. To establish that:
– Parallel placement and circulation of government treasury bonds of the Kyrgyz Republic with a 5-year term treatment is carried out through the National Bank of the Kyrgyz Republic and the Closed Joint-Stock Company “Kyrgyz Stock Exchange”;
– The head of state treasury bonds by the depositary of the Kyrgyz Republic with a 5-year circulation period is the National Bank of the Kyrgyz Republic;
– Sub-depositories authorized to perform the functions of depositary activities of its depositors in respect of transactions with state treasuries of the Kyrgyz Republic with a 5-year treatment, carried out by Closed Joint Stock Company “Kyrgyz Stock Exchange” acts as a closed joint stock company “Central Depository”.
2. To approve the Schedule of events planned by the parallel placement and circulation of government treasury bonds of the Kyrgyz Republic with a 5-year term treatment in accordance with Annex.
3. To recommend to the National Bank of the Kyrgyz Republic to bring their normative legal acts into conformity with this decision.
4. To recognize as invalid:
– Resolution of the Government of the Kyrgyz Republic “On the transfer of placement and circulation of government securities of the Kyrgyz Republic on the trading platform of the licensed organizers of trades” on March 27, 2012 № 208;
– Resolution of the Government of the Kyrgyz Republic “On amendments and additions to the Decree of the Government of the Kyrgyz Republic” On the transfer of placement and circulation of government securities of the Kyrgyz Republic on the trading platform of the licensed organizers of trades “on March 27, 2012 № 208” on April 9, 2012 № 236.
5. This Decision shall enter into force after fifteen days from the date of publication.