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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 23, 2019 No. 240

About approval of Rules of reference of the financial organizations to number of systemically significant

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of reference of the financial organizations to number of systemically significant.

2. Recognize invalid:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2014 No. 257 "About approval of Rules of reference of the financial organizations to number backbone" (it is registered in the Register of state registration of regulatory legal acts at No. 10210, it is published on March 5, 2015 in information system of law of Ad_let);

2) the resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2016 No. 32 "About modification of some regulatory legal acts of National Bank of the Republic of Kazakhstan concerning payments and money transfers and maintaining bank accounts" (it is registered in the Register of state registration of regulatory legal acts at No. 13304, it is published on March 14, 2016 in information system of law of Ad_let).

3. To provide to department of financial stability in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department 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 to 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 Smolyakov O. A.

6. This resolution becomes effective since January 1, 2020 and is subject to official publication.

Chairman of National Bank of the Republic of Kazakhstan

E.Dosayev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 23, 2019 No. 240

Rules of reference of the financial organizations to number of systemically significant

Chapter 1. General provisions

1. These rules of reference of the financial organizations to number systemically significant (further - Rules) determine procedure for reference of the financial organizations to number systemically significant for the purpose of forming by National Bank of the Republic of Kazakhstan (further - National Bank) macroprudential policy.

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

1) systemically significant bank - bank of the second level on which stable functioning stability of financial system of the country in general or its separate segments depends;

2) systemically significant infrastructure financial organization - the professional participant of the security market on which stable functioning stability of functioning of the security market depends;

3) the infrastructure financial organization - the organization performing one of the following types of professional activity in the security market:

the organization of trade with securities and other financial instruments;

depository activity;

clearing activities for transactions with financial instruments;

activities for maintaining system of registers of security holders.

Chapter 2. Procedure for reference of the financial organizations to number of systemically significant

3. Reference of the financial organizations to number is system significant is performed within implementation of measures, the systemic risks of financial system directed to decrease.

The financial organizations carried to number of systemically significant banks of the second level (further - banks) and the infrastructure financial organizations corresponding to the criteria established by items 4 and 13 Rules based on assessment which is carried out by National Bank are recognized.

4. For reference of bank to number systemically of significant banks the following criteria are used:

1) size of bank;

2) coherence of bank with members of the financial market;

3) interchangeability of bank;

4) complexity (complexity) of the operations performed by bank.

5. The indicators characterizing the size of bank are:

1) share of the amount of assets of bank in the total volume of assets of banks (P 1);

2) share of obligations of bank in the total volume of obligations of banks (P 2).

6. The indicators characterizing coherence of bank with members of the financial market are:

1) share of the amount of interbank assets, conditional requirements of bank in relation to banks (further - interbank assets) and investments of bank into the affiliated organizations in the total volume of interbank assets and investments of banks into the affiliated organizations (P 3);

2) share of the amount of interbank obligations, contingent obligations of bank before banks (further - interbank obligations) and obligations on the pension assets of "Single Accumulation Pension Fund" Joint-stock company invested in deposits to bank and securities issued by bank in the total volume of interbank obligations of banks and obligations of banks on the pension assets of "Single Accumulation Pension Fund" Joint-stock company invested in the bank deposits and securities issued by banks (P 4);

3) share of the amount of the household deposits placed in bank which are subject to guaranteeing by "Kazakhstan Fund of Guaranteeing Deposits" Joint-stock company (further - Fund), in the total volume of the household deposits placed in the banks which are subject to guaranteeing by Fund (P 5).

7. The indicators characterizing interchangeability of bank are:

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