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LAW OF THE REPUBLIC OF KAZAKHSTAN

of June 8, 2021 No. 47-VІI ZRK

About purchases of certain subjects of the quasi-public sector

Article 1. Scope of this Law

1. This Law governs the relations connected with purchase of goods, the works, services necessary for ensuring functioning, and also accomplishment of authorized activities of national managing holdings, national holdings, the national companies and the organizations, fifty and more percent of voting shares (shares in the authorized capital) which directly or indirectly belong to national managing holdings, national holdings, the national companies, and also social business corporations, except for legal entities, fifty and more percent of voting shares (shares in the authorized capital) which directly or indirectly belong to national managing holding, national holding, the national companies, delivered in trust management to physical persons or non-state legal entities with the right of the subsequent redemption (further - certain subjects of the quasi-public sector).

2. This Law does not extend to cases:

1) acquisitions of services at physical persons in employment contracts or at the physical persons which are not subjects of business activity according to services agreements, including services of private notaries, lawyers and legal executives;

2) introduction of the membership fees (deposits), including to the authorized capital of legal entities;

3) acquisitions of blocks of shares, shares in the authorized capital (further - shares) legal entities;

4) payments of remunerations to members of governing body and the supervisory board, compensation or payment of the expenses (on journey and accommodation, daily allowances) connected with fulfillment of duties by members of governing body and supervisory board;

5) the purchase of goods, works, services performed according to international treaties of the Republic of Kazakhstan and also within implementation of the investment projects financed by the international organizations which member is the Republic of Kazakhstan;

6) acquisitions of the financial services connected with carrying out banking activities, performed by the National Bank of the Republic of Kazakhstan, banks and the organizations performing separate types of banking activities based on the licenses obtained according to the legislation of the Republic of Kazakhstan, and services of other participants in the security market, broker and (or) dealer services, custodial servicing, acquisition of services in connection, servicing and use of the financial automated system of transport of information, services of the international interbank system of information transfer and making payments including connected with receipt of the bank statements and information services rendered by the stock exchange performing activities in the territory of the Republic of Kazakhstan, services of banks of the second level of the Republic of Kazakhstan and (or) the international (foreign) banks, legal consultants, financial consultants the external auditing and (or) estimative organizations on release of comfortable letters, the trustee of the investor, payment transfer agents, registrars, the procedural, arbitral and other services necessary for the organization by the customer of borrowing, including issue of securities and their redemption, debt management and investment (treasurer) portfolio, the services rendered by information and analytical systems of the leading international suppliers of financial information, and also acquisition of the above-stated services when implementing transactions of securitization as originator and (or) the creditor according to the Law of the Republic of Kazakhstan "About project financing and securitization";

7) payments of the charges and payments levied in seaport;

8) payments of entertainment expenses, traveling expenses and acquisition of the services connected with traveling expenses;

9) acquisitions by the national managing director of holding of services of the international insurance company specializing in export credits insurance;

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