Supervisory Board Composition

• The Chairman of the National Bank of Tajikistan — Chairman of the Supervisory Board
• The Deputy Minister of Finance of the Republic of Tajikistan
• A Representative of the Executive Office of the President of the Republic of Tajikistan
• The Chairman of the Banking Association of Tajikistan
• The Chairman of the Fund

Meetings of the Supervisory Board are convened at least twice a year.

Authority of the Supervisory Board

The Supervisory Board exercises the following powers as specified in Article 35 of the Law:

• Determining the main directions of the Fund’s activities
• Approving the structure and annual budget of the Fund
• Appointing and dismissing the Chairman of the Fund, and setting his salary
• Reviewing and approving the Fund’s annual report
• Selecting and appointing an external auditor
• Deciding on financial borrowings from the Government in case of Fund deficiency
• Making amendments to the Fund’s Charter within legal limits
• Approving the Regulations of the Supervisory Board
• Approving the Fund’s investment policy
• Approving public information programs to enhance trust in the banking system
• Approving reporting forms for member credit institutions
• Approving normative acts necessary for the Fund’s operations
• Establishing the Fund’s conflict of interest policy
• Deciding on reducing or suspending scheduled contributions when the Fund reaches maximum size
• Temporarily suspending scheduled contributions from a credit institution undergoing resolution
• Determining and approving the Fund’s internal audit functions and results
• Appointing an external auditor for special inspections and approving results
• Approving recommendations on selecting paying agents for insurance compensation
• Approving payment of insured savings in case of credit institution restructuring
• Performing other functions provided by the current Law