ORDER OF THE MINISTER OF AGRICULTURE OF THE REPUBLIC OF KAZAKHSTAN

of December 24, 2019 No. 457

About approval of Rules of subsidizing of coupon remuneration on bonds

According to the subitem 41) Item 1 of article 6 of the Law of the Republic of Kazakhstan "About state regulation of development of agro-industrial complex and the rural territories" and the subitem 2) Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" PRIKAZYVAYU:

1. Approve the enclosed Rules of subsidizing of coupon remuneration on bonds.

2. To provide to department of investment policy of the Ministry of Agriculture of the Republic of Kazakhstan in the procedure established by the legislation:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this order on Internet resource of the Ministry of Agriculture of the Republic of Kazakhstan after its official publication.

3. To impose control of execution of this order on the supervising vice-Minister of Agriculture of the Republic of Kazakhstan.

4. This order becomes effective from the date of the first official publication and extends to the legal relationship which arose since January 1, 2018.

Approved by the Order of the Minister of Agriculture of the Republic of Kazakhstan of December 24, 2019 No. 457

Rules of subsidizing of coupon remuneration on bonds

Chapter 1. General provisions

1. These rules of subsidizing of coupon remuneration on bonds (further – Rules) are developed according to the subitem 41) of Item 1 of article 6 of the Law of the Republic of Kazakhstan "About state regulation of development of agro-industrial complex and the rural territories", the subitem 2) of Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" and determine procedure for subsidizing of coupon remuneration by bonds for the account and within the means provided in the republican budget for the corresponding financial year.

2. In these rules the following basic concepts are used:

1) authorized body in the field of development of agro-industrial complex (further – working body) – the state body performing state regulation in the field of development of agro-industrial complex;

2) the operator on the grain market – the national company in the sphere of agro-industrial complex participating in ensuring food security by means of implementation of stabilization function in the grain market and powers on management of reserve stock of grain;

3) system of registers of security holders – set of information about the issuer, the issued securities and their holders providing identification of holders of the rights on issued securities to certain timepoint, registration of security transactions, and also nature of the registered restrictions for the address or implementation of the rights on these securities, and other data according to the resolution of Board of National Bank of the Republic of Kazakhstan of October 29, 2018 No. 249 "About approval of Rules of implementation of activities for maintaining system of registers of security holders" (it is registered in the Register of state registration of regulatory legal acts No. 17803);

4) the program – the program of coupon remuneration for bonds when crediting and leasing subjects of agro-industrial complex;

5) accounting year – calendar year from January 1 to December 31 inclusive in which transfer of subsidies to the issuer is performed;

6) the agreement – the written agreement signed between the issuer and working body in paper form, providing procedure and conditions of transfer of subsidies;

7) the credit – the money issued to the borrower on the terms of the paid nature, urgency, recoverability, security according to the loan agreement;

8) credit partnership – the legal entity created by physical and (or) legal entities for requirements satisfaction of his participants in the credits and others financial, including bank, services by accumulation of their money and at the expense of other sources which are not forbidden by the legislation of the Republic of Kazakhstan;

9) the borrower - the agreement obligations of loan which signed with the issuer the loan agreement about receipt of credit/leasing and assumed physical person or legal entity, the individual entrepreneur (including peasant farm) performing activities according to the inventory for crediting and financial leasing on priority projects in the sphere of production and (or) conversion of agricultural products according to appendix 1 to these rules and also credit partnerships, banks of the second level, social business corporations, the regional investment centers, the microfinancial organizations;

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