Law No. 45 “On guaranty funds in Kyrgyz Republic.” Pays/Territoire Kirghistan Type du document Législation Date 2019 Source FAO, FAOLEX Sujet Général Mot clé Fonds spécial Commerce/industrie/sociétés Crédit Financement Contrat/accord Aire géographique Asie, Asie Centrale, CEI (Communauté des États indépendants), Europe et Asie Centrale, Nations en développement sans littoral, Asie du Nord Entry into force notes This Law enters into force 15 days after the date of its official publication. Résumé This Law establishes that guaranty fund is a legal entity established in the form of a joint stock company, which has undergone the procedure of registration with the National Bank of Kyrgyz Republic and carries out activities to increase the availability of financing by providing guarantees to business entities for business development, expansion of production, acquisition and modernization of fixed assets, introduction of new technologies, innovative activity and opening of new enterprises. In this case, the financing means the provision of loans and their substitutes, as well as transactions/operations carried out in accordance with Islamic principles of financing. Guaranty funds are not liable for the obligations of Kyrgyz Republic, just as Kyrgyz Republic is not responsible for warranty obligations unless the parties voluntarily take over such obligations. Guaranty funds are not liable for the obligations of the National Bank. The National Bank is not responsible for the obligations of guaranty funds. Calculation procedure and requirements to the equity capital of guaranty fund are set by the National Bank. Provision of guarantees by guaranty fund is made by conclusion of a guaranty agreement (contract) between a guaranty fund, a financial and credit organization and a business entity under conditions determined by this Law, regulatory legal acts of the National Bank and by the rules of warranty provision. Texte intégral Russe Site web cbd.minjust.gov.kg