Supreme Assembly of Tajikistan - Law on Insurance of Deposits of Individuals

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The Republic of Tajikistan's law "On Insurance of Deposits of Individuals" seeks to build confidence in the country's banking system and ensure the protection of rights and interests of depositors. The law repeals the law "On Guaranteeing Deposits of Individuals", and establishes the legal, organizational and financial principles for the operation of compulsory insurance of deposits by financial institutions for individuals in the country. The law creates the Fund for Insurance of Depositors of Individuals, outlining its functions, powers, and duties, as well its resources, and describes the rights of depositors on such matters as information from a financial institution on its membership in the Fund and the extent of deposit insurance provided. The law is divided into several chapters, and sets forth provisions on the following topics:

1. Fund for Insurance of Deposits of Individuals
2. Membership of Credit Institutions in the Fund
3. Fees of the Fund
4. Participation of Depositors in the Deposit Insurance System
5. Administration of the Fund
6. Interaction of the Fund with the National Bank of Tajikistan

Document Details

Document Type: 
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Year of Document: 
2011
Date of Document: 
Saturday, April 2, 2011
Document Authors: 
Supreme Assembly of Tajikistan
Language (This Document): 
English

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