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PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of November 11, 2019 No. 203

About further enhancement of system of public administration of the Republic of Kazakhstan"

(as amended on 27-02-2021)

According to articles 17-1 and 19 of the Constitutional law of the Republic of Kazakhstan of December 26, 1995 "About the President of the Republic of Kazakhstan" POSTANOVLYAYU:

1. Reorganize National Bank of the Republic of Kazakhstan by allocation of the Agency of the Republic of Kazakhstan from it on regulation and development of the financial market - state body of the Republic of Kazakhstan, directly subordinate and accountable to the President of the Republic of Kazakhstan.

2. Approve enclosed:

1) Regulations on the Agency of the Republic of Kazakhstan on regulation and development of the financial market (further - the Agency);

2) structure of the Agency.

3. Approve the general number of staff of the Agency in number of 547 units.

4. Determine the Agency the legal successor of the rights and obligations of National Bank of the Republic of Kazakhstan according to the transferred functions and powers.

5. To National Bank of the Republic of Kazakhstan together with the Government of the Republic of Kazakhstan to take measures for implementation of this Decree.

6. Make changes and additions which are made to some presidential decrees of the Republic of Kazakhstan, according to appendix to this Decree.

7. To impose control of execution of this Decree on Administration of the President of the Republic of Kazakhstan.

8. This Decree becomes effective from the date of signing, except for Items 2, 3 presents of the Decree and Item of 2 changes and additions which are made to some presidential decrees of the Republic of Kazakhstan which become effective since January 1, 2020.

President of the Republic of Kazakhstan

K. Tokayev

Approved by the Presidential decree of the Republic of Kazakhstan of November 11, 2019 No. 203

Regulations on the Agency of the Republic of Kazakhstan on regulation and development of the financial market

Chapter 1. General provisions

1. The agency of the Republic of Kazakhstan on regulation and development of the financial market (further - the Agency) is state body of the Republic of Kazakhstan, directly subordinate and accountable to the President of the Republic of Kazakhstan, providing the proper level of protection of the rights and legitimate interests of consumers of financial services, promoting stability of financial system and to the development of the financial market performing state regulation, control and supervision of the financial market and the financial organizations, and also other persons within competence.

2. The agency performs the activities according to the Constitution and the laws of the Republic of Kazakhstan, acts of the President and the Government of the Republic of Kazakhstan, other regulatory legal acts of the Republic of Kazakhstan, and also this Provision.

3. The agency is legal entity in form of business of republican public institution, has seals and stamps with the name in official language, forms of the established sample, according to the legislation of the Republic of Kazakhstan of the account in bodies of treasury.

4. The agency enters the civil relations from own name.

5. The agency has the right to act as the party of the civil relations on behalf of the state if it is authorized on it according to the legislation of the Republic of Kazakhstan.

6. The agency concerning the competence of the procedure established by the legislation of the Republic of Kazakhstan makes the decisions which are drawn up by resolutions of Board of the Agency, orders of the Chairman of the Agency and other acts, stipulated by the legislation the Republic of Kazakhstan.

7. The structure and the general number of staff of the Agency affirm the President of the Republic of Kazakhstan.

8. Agency location: A15C9T5, city of Almaty, residential district "Koktem-3", house 21.

9. Full name of state body - republican public institution "Agency of the Republic of Kazakhstan on regulation and development of the financial market".

10. This Provision is the constituent document of the Agency.

11. Financing of activities of the Agency is performed from the republican budget.

12. The agency is forbidden to enter contractual relations with subjects of entrepreneurship regarding accomplishment of the obligations which are functions of the Agency.

If the Agency by legal acts is granted the right to perform the activities which are bringing in incomes, then income gained from such activities go to the income of the government budget if other is not established by the legislation of the Republic of Kazakhstan.

Chapter 2. Mission, main objectives, functions, rights and obligations of the Agency

13. Mission of the Agency:

regulation and development of the financial market, assistance to ensuring financial stability of the financial market and the financial organizations, maintenance of trust to financial system in general and creation of equal conditions for activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, branches of the insurance nonresident brokers of the Republic of Kazakhstan directed to maintenance of fair competition in the financial market.

14. Tasks:

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