of July 2, 2019 No. 113
About establishment of case of availability of possibility of one person independently or together with one or several persons to determine decisions of the legal entity otherwise
According to the laws of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" (further - the Law on banks) and of December 18, 2000 "About insurance activity" (further - the Law on insurance activity) the Board of National Bank of the Republic of Kazakhstan DECIDES:
1. Identify case of availability of possibility of one person independently or together with one or several persons to determine decisions of the legal entity otherwise when one legal entity finances other legal entity, the official (except for the independent director) and (or) shareholders (founders, participants) of which are the official and (or) the leading employee (except for the independent director) financing (financing) faces (persons), in the amount of, exceeding equity of the financed legal entity.
For the purpose of implementation of supervision on the consolidated basis the authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) within the competence requests from the face, independently or together with one or several persons of the determining decision of the legal entity, information necessary for determination of availability of control over the legal entity who is under control or its absence.
In case of non-presentation of information specified in part two of this Item within 30 (thirty) calendar days from the date of receipt of request of authorized body person (persons) to whom (which) the inquiry was sent is recognized-faced (persons) which (which) it has (have) control over the legal entity.
Full text is available with an active Subscribtion after logging in.
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Search in text CTRL-F
If you are guest on our site, you will work in Demo mode. In Demo mode you can see only first page of each document.
With full access you can
Database include more 65000 documents. You can find needed documents using search system.
For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions.
This section provides answers to questions set by users.