./.WORLD TRADE
ORGANIZATIONS/C/N/120
8 June 2000
(00-2266)
Council for Trade in Services Original:  English
NOTIFICATION PURSUANT TO ARTICLE III:3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The following notification has been received from the delegation of the Kyrgyz Republic.
____________
1. Member notifying:
Kyrgyz Republic
2. Notification under:
Article III, paragraph 3, of the General Agreement on Trade in Services.
3. Date of entry into force:
4 June 1999
Duration
Indefinite
4. Agency responsible for implementation  and enforcement of the measures:
National Commission on Securities Market
5. Description of the measures:
Financial Services
Reference is made to the Kyrgyz Republic's Schedule of Specific Commitments on Service in
Sectors 7.B(f), (g), (h), (I), (j) and (k) limitations on market access column, mode 3.
According to the Resolution of the Cabinet of Ministers #312 of 4 June 1999 which approved
Regulations On the Procedure of Licensing of Professional Activity on Securities the
following changes were introduced:
- Individual licences are issued for each type of professional activities in securities,
whereas it was possible under previous rules to obtain a single licence for multiple
types of activities;S/C/N/120
Page 2
- Fee for issuance of the licence is increased from 835 Soms to 2370 Soms*
- The reason for refusal to issue a licence based on the losses of the legal entity
applying for a licence is eliminated;
- A number of requirements with respect to the content of the charter of the stock
exchange are eliminated.
6. Members specifically affected, if any:
None
7. The texts are available from:
Inquiry point
__________
                                                     
* Official exchange rate as established by the National Bank of the Kyrgyz Republic on 25 March 2000
was US$ 1~47.75 Soms.