of August 26, 2019 No. 148
About modification of the resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 74 "About establishment of Requirements to domestic policy on compensation, charge of monetary rewards, and also other types of financial incentive of leading employees of banks of the second level, the insurance (reinsurance) organizations and the forms of income statements paid to all leading employees of banks of the second level and the insurance (reinsurance) organizations"
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. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 74 "About establishment of Requirements to domestic policy on compensation, charge of monetary rewards, and also other types of financial incentive of leading employees of banks of the second level, the insurance (reinsurance) organizations and the forms of income statements paid to all leading employees of banks of the second level and the insurance (reinsurance) organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 7525, it is published on May 24, 2012 in the Kazakhstanskaya Pravda newspaper No. 150-151 (26969-26970) following change:
1) of item 4 to state the subitem in the following edition:
"1) is provided by suspension of payment to each leading employee of the financial organization of one of the following parts of unstable remuneration:
the part of unstable remuneration constituting 50 (fifty) percent from unstable remuneration; or
the part of unstable remuneration in total exceeding the 7500-fold size of the monthly settlement indicator established by the law on the republican budget for the corresponding financial year within financial year.
The suspended part of unstable remuneration is divided into equal shares, each of which does not exceed one third of the amount of the suspended part of unstable remuneration and is paid after each twelve months during the period constituting at least three years.
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