THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of March 22, 2020 No. 19

About suspension of action of separate regulations of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market and modification of the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 53 "About approval of conditions and the minimum requirements to procedure for provision of information by suppliers of information in credit bureaus, Rules of registration of consent of subjects of credit stories to provision of information on them in credit bureaus (except for credit bureau with the state participation), registrations of consent to issue of the credit report from credit bureau, and also Rules and conditions of provision of the credit report"

According to the Code of the Republic of Kazakhstan of December 25, 2017 "About taxes and other obligatory payments in the budget (Tax code)", the laws of the Republic of Kazakhstan of March 31, 1995 "About banks and banking activity in the Republic of Kazakhstan", of December 18, 2000 "About insurance activity", of July 2, 2003 "About the security market", of July 4, 2003 "About state regulation, control and supervision of the financial market and the financial organizations", of July 6, 2004 "About credit bureaus and forming of credit stories in the Republic of Kazakhstan", Presidential decrees of the Republic of Kazakhstan of March 15, 2020 No. 285 "About introduction of emergency state in the Republic of Kazakhstan" and of March 16, 2020 No. 286 "About measures for ensuring social and economic stability" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. In the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 304 "About establishment of normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, requirements, obligatory to observance, to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) legal entities, the list of bonds of the international financial institutions acquired by insurance holdings, the minimum required rating for the bonds acquired by insurance holdings and the list of rating agencies, and also the list of financial instruments (except for shares and shares in the authorized capital), acquired by the insurance (reinsurance) organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 14794, it is published on February 24, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) to suspend from March 30, 2020 to September 30, 2020 inclusive action of the following regulations:

in the Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, obligatory to observance, approved by the specified resolution:

the subitem 15) of Item 38, having determined that during suspension this subitem is effective in the following edition:

"15) the non-state debt securities issued by the international financial institutions having the international rating is not lower "And + than" the Standard & Poor agency "s or the rating of similar level of one of other rating agencies, and also debt securities issued by Eurasian Development Bank and nominated in national currency of the Republic of Kazakhstan.";

4, having determined tables of assets of the insurance (reinsurance) organization taking into account their classification by quality and liquidity according to appendix that during suspension this appendix is effective in edition according to appendix 1 to this resolution;

5, having determined tables of highly liquid assets of the insurance (reinsurance) organization according to appendix that during suspension this appendix is effective in edition according to appendix 2 to this resolution.

2. In the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 53 "About approval of conditions and the minimum requirements to procedure for provision of information by suppliers of information in credit bureaus, Rules of registration of consent of subjects of credit stories to provision of information on them in credit bureaus (except for credit bureau with the state participation), registrations of consent to issue of the credit report from credit bureau, and also Rules and conditions of provision of the credit report" (it is registered in the Register of state registration of regulatory legal acts at No. 15115, it is published on June 6, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) to make the following change:

in the Rules and conditions of provision of the credit report approved by the specified resolution:

state Item 2 in the following edition:

"2. The credit report containing information specified in article 24 of the Law is provided to credit bureaus to the receiver of the credit report having the right to its obtaining on the bases, stipulated in Item 1 article 29 of the Law on electronic or paper, in the presence of the consent of the subject of credit history to issue of the credit report from the credit bureau which is drawn up according to Item 8 of Rules of registration of consent of subjects of credit stories to provision of information on them in credit bureaus (except for credit bureau with the state participation), the registrations of consent to issue of the credit report from credit bureau approved by this resolution.

The credit bureau provides specifying in the credit report of the status of the credit "is rehabilitated" which is appropriated to the credit on which is available overdue debt over ninety calendar days, in the following cases (was allowed):

1) after twelve calendar months after debt repayment on the credit;

2) the subject of credit history extinguished over fifty percent of the outstanding amount which was available for date of restructuring or refinancing and did not allow delays for the term of over thirty calendar days after restructuring or refinancing of the credit during the last twelve consecutive calendar months;

3) after repayment of the debt delayed over ninety calendar days, the subject of credit history did not allow delays for the term of over thirty calendar days during the last twelve consecutive calendar months.

In case of assignment to the credit of the status "is rehabilitated" credit bureau provides reflection in the credit report of the following information on the number of days of delay on the credit:

1) when restructuring or refinancing the credit - the number of days of the delay which arose after date of restructuring or refinancing of the credit;

2) in other cases - in the amount of zero.

For the purposes of this Item the credit is understood as bank loans and the microcredits.".

3. In the resolution of Board of National Bank of the Republic of Kazakhstan of September 13, 2017 No. 170 "About establishment of normative values and techniques of calculations of prudential standard rates and other regulations and limits, obligatory to observance, the size of the capital of bank and Rules of calculation and limits of open foreign exchange position" (it is registered in the Register of state registration of regulatory legal acts at No. 15886, it is published on October 25, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) to suspend from March 30, 2020 to September 30, 2020 inclusive action of the following regulations:

in Normative values and techniques of calculations of the prudential standard rates and other regulations and limits, obligatory to observance, the size of the capital of bank approved by the specified resolution:

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