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The document ceased to be valid since January 1, 2020 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 13, 2019 No. 234

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of September 27, 2018 No. 224

About approval of Rules of introduction and cancellation of specific mode of regulation, implementation of activities within specific mode of regulation

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of introduction and cancellation of specific mode of regulation, implementation of activities within specific mode of regulation.

2. (Salimbayev D. N.) in the procedure established by the legislation of the Republic of Kazakhstan to provide to department of methodology of the financial market:

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 Smolyakov O. A.

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

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of September 27, 2018 No. 224

Rules of introduction and cancellation of specific mode of regulation, implementation of activities within specific mode of regulation

Chapter 1. General provisions

1. These rules of introduction and cancellation of specific mode of regulation, implementation of activities within specific mode of regulation (further - Rules) are developed according to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" (further - the Law) and establish procedure for introduction and cancellation by National Bank of the Republic of Kazakhstan (further - National Bank) specific mode of regulation, implementation of activities within specific mode of regulation by the financial organizations and (or) other legal entities performing activities in the financial sphere, the activities connected with concentration of financial resources and (or) with payment services (further - participants).

2. The specific mode of regulation is introduced for goal achievement, determined by Item 2 of article 51-4 of the Law.

Chapter 2. Procedure for introduction and cancellation of specific mode of regulation

3. The specific mode of regulation is introduced and cancelled by board decision of National Bank.

Board decision of National Bank about introduction of specific mode of regulation or its cancellation becomes effective from the date of its acceptance.

Information on introduction of specific mode of regulation or its cancellation is placed on official Internet resource of National Bank.

4. Activities within specific mode of regulation are performed based on the agreement on implementation of activities within specific mode of the regulation (further - the agreement) concluded between National Bank and the participant.

5. The duration of the agreement is determined by agreement of the parties, but does not exceed term, stipulated in Item 4 articles 51-4 of the Law.

6. Special conditions of implementation of activities within specific mode of regulation, types of activity (services, products) in the financial sphere, the activities connected with concentration of financial resources and (or) with payment services, the duration of the agreement, the number of consumers, amount of obligations, limits of action of regulations of the laws of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" of December 23, 1995 "About mortgage of real estate", of December 18, 2000 "About insurance activity", of July 2, 2003 "About the security market", of July 6, 2004 "About credit bureaus and forming of credit stories in the Republic of Kazakhstan", of June 13, 2005 "About currency control and currency exchange control", of November 26, 2012 "About the microfinancial organizations", of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan", of July 26, 2016 "About payments and payment systems" and the regulatory legal acts of National Bank adopted according to the specified laws on participants of specific mode of regulation, are determined by National Bank concerning each participant individually.

7. The specific mode of regulation is cancelled:

1) in case of the termination by all participants of implementation (provision) of activities (services, products) within specific mode of regulation;

2) in case of termination by National Bank unilaterally contracts with all participants of specific mode of regulation;

3) in other cases on board decision of National Bank.

8. In case of cancellation of specific mode of regulation, or the termination of its action in connection with the expiration on which it was entered the contract is withdrawn, and the participant without delay stops the activities performed within specific mode of regulation.

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