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

of May 25, 2020 No. 57

About approval of Rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations which are compulsorily stopping activities of branches of nonresident banks of the Republic of Kazakhstan and Requirements imposed to the chairman and members of liquidation commission compulsorily liquidated the bank, the insurance (reinsurance) organization which is compulsorily stopping activities of branch of nonresident bank of the Republic of Kazakhstan

(as amended on 29-01-2024)

In compliance with the laws of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", "About insurance activity" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve:

1) Rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations which are compulsorily stopping activities of branches of nonresident banks of the Republic of Kazakhstan according to appendix 1 to this resolution;

2) Requirements imposed to the chairman and members of liquidation commission compulsorily liquidated the bank, the insurance (reinsurance) organization which is compulsorily stopping activities of branch of nonresident bank of the Republic of Kazakhstan according to appendix 2 to this resolution.

2. Recognize invalid:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of October 22, 2014 No. 190 "About approval of Rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations and Requirements imposed to the chairman and members of liquidation commission compulsorily liquidated bank, the insurance (reinsurance) organization" (it is registered in the Register of state registration of regulatory legal acts at No. 9945, it is published on December 23, 2014 in information system of law of Ad_let);

2) the resolution of Board of National Bank of the Republic of Kazakhstan of September 26, 2016 No. 241 "About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of October 22, 2014 No. 190 "About the approval of Rules of appointment and release of liquidation commission which are compulsorily liquidated bank, the insurance (reinsurance) organization and Requirements imposed to the chairman and members of liquidation commission compulsorily liquidated bank, the insurance (reinsurance) organization" (it is registered in the Register of state registration of regulatory legal acts at No. 14424, it is published on December 23, 2016 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan).

3. To provide to department of bank regulation 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) this Item and item 4 of this resolution.

4. 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.

5. 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.

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

The chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market

M. Abylkasymova

Appendix 1

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