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

of March 30, 2020 No. 28

About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market, microfinancial activities and the collection agencies

According to the laws of the Republic of Kazakhstan of August 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 March 19, 2010 "About the state statistics", of November 26, 2012 "About microfinancial activities", of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan", of May 6, 2017 "About collection activities", of July 3, 2019 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning regulation and development of the financial market, microfinancial activities and the taxation", Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve the List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market, microfinancial activities and the collection agencies to which changes, according to appendix to this resolution are made.

2. To provide to department of methodology and regulation of the financial organizations 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 the Agency of the Republic of Kazakhstan on regulation and development of the financial market 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 3 of this resolution.

3. To management of the international relations and external communications 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.

4. To impose control of execution of this resolution on the supervising vice-chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market.

5. This resolution becomes effective after ten calendar days after day of its first official publication.

Appendix

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of March 30, 2020 No. 28

The list of regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market, microfinancial activities and the collection agencies to which changes are made

1. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of September 3, 2010 No. 135 "About approval of the Instruction about measures for maintenance by insurance holding, and also the large member of the insurance (reinsurance) organization - the physical person owning directly or indirectly more than twenty five percent voting (less exclusive) shares of the insurance (reinsurance) organization, prudential standard rates" (it is registered in the Register of state registration of regulatory legal acts at No. 6546, it is published on November 11, 2010 in the Kazakhstanskaya Pravda newspaper No. 303-305 (26364-26366) following changes:

change in state language is made to heading, the text in Russian does not change;

change in state language is made to Item 1, the text in Russian does not change;

in the Instruction about measures for maintenance by insurance holding, and also the large member of the insurance (reinsurance) organization - the physical person owning directly or indirectly more than twenty five percent voting (less exclusive) shares of the insurance (reinsurance) organization, prudential standard rates approved by the specified resolution:

change in state language is made to heading, the text in Russian does not change;

state Items 1 and 2 in the following edition:

"1. This Instruction is developed according to article 46 of the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity" and establishes measures for maintenance by insurance holding, and also the large member of the insurance (reinsurance) organization - the physical person owning directly or indirectly more than twenty five percent voting (less exclusive) shares of the insurance (reinsurance) organization (further - the large participant), prudential standard rates.

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