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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 February 15, 2021 No. 29

About approval of Requirements to managing directors of investment portfolio by which pension assets, and also the list of the financial instruments resolved to acquisition at the expense of these pension assets, both modification and amendments in the Resolution of Board of National Bank of the Republic of Kazakhstan of February 3, 2014 No. 10 "About approval of Rules of implementation of activities for management of investment portfolio" can be delivered in trust management

According to subitem 1-3) of article 8 of the Law of the Republic of Kazakhstan of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan", the subitem 8) Item 2 of Article 3, item 4 of article 45 of the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve Requirements to managing directors of investment portfolio by which pension assets, and also the list of the financial instruments permitted to acquisition at the expense of these pension assets according to appendix to this resolution can be delivered in trust management.

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of February 3, 2014 No. 10 "About approval of Rules of implementation of activities for management of investment portfolio" (it is registered in the Register of state registration of regulatory legal acts at No. 9248, it is published on April 16, 2014 in information system of law of Ad_let) the following changes and amendments:

in the Rules of implementation of activities for management of investment portfolio approved by the specified resolution:

state preamble in the following edition:

"These rules of implementation of activities for management of investment portfolio (further - Rules) are developed according to the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999, the laws of the Republic of Kazakhstan of December 18, 2000 "About insurance activity", of July 2, 2003 "About the security market" (further - the Law on the security market), of July 4, 2003 "About state regulation, control and supervision of the financial market and the financial organizations", of July 7, 2004 "About investment and venture funds" (further - the Law on investment funds), of February 20, 2006 "About project financing and securitization" (further - the Law on securitization), of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan" (further - the Law on provision of pensions), establish conditions and procedure of activities for management of investment portfolio in the Republic of Kazakhstan.

Action of Rules extends on:

the organizations performing based on the license of authorized body activities for management of investment portfolio without the right of attraction of voluntary pension contributions;

the organizations performing based on the license of authorized body activities for management of investment portfolio with the right of attraction of voluntary pension contributions when implementing by them of activities for management of the investment portfolio built not due to attraction of voluntary pension contributions;

the insurance companies performing activities in industry "life insurance" and independent asset management, created at the expense of part of the insurance premiums (insurance premiums) got from insurers for the purposes of investment and income (losses) gained from their investment according to the insurance contracts providing condition of participation of the insurer in investments based on the license of authorized body for implementation of activities for management of investment portfolio in the security market (further - insurance companies).

Activities of the managing director of investment portfolio for asset management, created at the expense of part of the insurance premiums (insurance premiums) got from insurers for the purposes of investment, and income (losses) gained from their investment according to the insurance contracts providing condition of participation of the insurer in investments are performed taking into account the features established by regulatory legal act of authorized body according to Item 5 of article 12 of the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity" (further - Rules of participation of the insurer in investments).";

state Item 1 in the following edition:

"1. In Rules the following concepts are used:

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