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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 29, 2019 No. 229

About approval of Rules about the minimum reserve requirements

According to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of March 19, 2010 "About the state statistics" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules about the minimum reserve requirements.

2. Recognize invalid some resolutions of Board of National Bank of the Republic of Kazakhstan, and also structural elements of some resolutions of Board of National Bank of the Republic of Kazakhstan according to the list according to appendix to this resolution.

3. To department of monetary policy (Tutushkin V. A.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Kasenov A. S.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

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

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

4. To department of external communications - the press service of National Bank (Adambayeva A. R.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Abylkasymova M. E.

6. This resolution is subject to official publication and becomes effective since January 28, 2020.

Chairman of National Bank

E.Dosayev

It is approved

Committee according to the statistics Ministries of national economy of the Republic of Kazakhstan

 

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of November 29, 2019 No. 229

Rules about the minimum reserve requirements

Chapter 1. General provisions

1. These rules about the minimum reserve requirements (further - Rules) are developed according to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of March 19, 2010 "About the state statistics" and determine structure of obligations of the banks of the second level (further - bank) accepted for calculation of the minimum reserve requirements, procedure of payments of the minimum reserve requirements, accomplishment of the minimum reserve requirements, reservation and control of accomplishment of the minimum reserve requirements.

2. For the purposes of Rules the following concepts are used:

1) the period of determination of the minimum reserve requirements (further - the determination period) - period of time for which obligations of bank assumed for calculation of the minimum reserve requirements and the size of the minimum reserve requirements are calculated;

2) the minimum reserve requirements - the obligatory amount of means supported by bank in reserve assets during the period of forming of reserve assets;

3) the standard rate of the minimum reserve requirements - the coefficient expressed as a percentage, applied to obligations of bank assumed for calculation of the minimum reserve requirements;

4) reserve assets - the money of bank in national currency used for accomplishment of the minimum reserve requirements;

5) the period of forming of reserve assets (further - the forming period) - period of time during which the bank supports reserve assets for accomplishment of the minimum reserve requirements.

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