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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 27, 2018 No. 199

About approval of the List of the financial instruments permitted to acquisition at the expense of reserves of guaranteeing insurance payments and reserve of indemnification, and Rules of collection of commission fee by "Fund of Guaranteeing Insurance Payments" joint-stock company

For the purpose of enhancement of regulatory legal acts of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve:

1) the List of the financial instruments permitted to acquisition at the expense of reserves of guaranteeing insurance payments and reserve of indemnification according to appendix 1 to this resolution;

2) Rules of collection of commission fee according to appendix 2 to this resolution.

2. To department of regulation of the non-bank financial organizations (Kosherbayeva A. M.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this resolution its direction in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

4) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and Item 3 of this resolution.

3. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Kurmanov Zh. B.

5. This resolution becomes effective after ten calendar days after day of its first official publication.

Chairman of National Bank

D. Akishev

Appendix 1

to the Resolution of Board of National Bank of the Republic of Kazakhstan of August 27, 2018 No. 199

The list of the financial instruments permitted to acquisition at the expense of reserves of guaranteeing insurance payments and reserve of indemnification

1. This List of the financial instruments permitted to acquisition at the expense of reserves of guaranteeing insurance payments and reserve of indemnification of "Fund of Guaranteeing Insurance Payments" joint-stock company (further - Fund) is developed according to the Law of the Republic of Kazakhstan of June 3, 2003 "About Fund of guaranteeing insurance payments" and determine the list of the financial instruments permitted to acquisition at the expense of reserves of guaranteeing insurance payments and reserve of indemnification.

2. The fund places means of reserve of guaranteeing insurance payments for industry "general insurance", reserve of guaranteeing insurance payments for industry "life insurance", indemnification reserve (further - reserves) in the following financial instruments:

1) deposits in National Bank of the Republic of Kazakhstan;

2) the deposits placed in the banks of the second level of the Republic of Kazakhstan corresponding to one of the following requirements:

have long-term credit rating not below "VV-" on the international scale of the Standard & Poor agency "s or the rating of similar level of one of other rating agencies, or rating assessment not below "kzBB" on national scale of Standard & Poor" s, or the rating of similar level on national scale of one of other rating agencies, taking into account the amounts of principal debt and the added remuneration, less doubtful debt allowance;

are affiliated resident banks which parent nonresident banks have long-term credit rating in foreign currency not below "And -" on the international scale of the Standard & Poor agency "s or the rating of similar level of one of other rating agencies, taking into account the amounts of principal debt and the added remuneration, less doubtful debt allowance;

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