RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 22, 2021 No. 100

About modification and amendments in some Resolutions of Board of National Bank of the Republic of Kazakhstan concerning conducting financial accounting and accounts presentation

According to subitems 63), 64) and 65) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 1) of Item 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and the subitem 2) of Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the List of some resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation are made.

2. To accounting department (Tayshibayeva D. A.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Kasenov A. S.) 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 National Bank of the Republic of Kazakhstan 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 action provided by the subitem 2) of this Item.

3. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Baymagambetov A. M.

4. This resolution becomes effective after ten calendar days after day of its first official publication, except for Item 7 of the List of some resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation which becomes effective since January 1, 2022 are made.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of November 22, 2021, No. 100

The list of some Resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 30, 2007 No. 134 "About approval of the Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks" (it is registered in the Register of state registration of regulatory legal acts at No. 5089) the following changes and amendments:

state heading in the following edition:

"About approval of I+ of nstruktion on conducting financial accounting of confidential transactions and custodial activities of the second level by banks and branches of nonresident banks of the Republic of Kazakhstan";

state preamble in the following edition:

"According to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 1) of Item 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting", the Board of National Bank of the Republic of Kazakhstan DECIDES:";

state Item 1 in the following edition:

"1. Approve the enclosed Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks and branches of nonresident banks of the Republic of Kazakhstan.";

in the Instruction for conducting financial accounting of confidential transactions and the custodial activities of the second level by banks approved by the specified resolution:

state heading in the following edition:

"Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks and branches of nonresident banks of the Republic of Kazakhstan";

state Items 1 and 2 in the following edition:

"1. This Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks and branches of nonresident banks of the Republic of Kazakhstan is developed according to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 1) of Item 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting", the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3 "About approval of the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations, Development Bank of Kazakhstan joint-stock company and branches of nonresident banks of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 6793), (further – the Standard chart of accounts of financial accounting), international accounting standards.

2. This Instruction disaggregates conducting financial accounting of the confidential transactions and custodial activities performed by banks of the second level and branches of nonresident banks of the Republic of Kazakhstan (further – banks) based on the license of authorized body on regulation, control and supervision of the financial market and the financial organizations.";

state Item 75 in the following edition:

"75. In case of the placement of pension assets of the Voluntary accumulation pension fund and pension assets of the single accumulation pension fund which are in trust management at the organization exercising control of investment portfolio, accepted based on the custodial agreement in securities the following accounting entries are performed:

on acquisition amount of securities:

on the amount of the acquired remuneration (coupon):

state Item 81 in the following edition:

"81. On each reporting date the bank carries out the test for impairment of the securities estimated on depreciated cost and performs the following accounting entries:

1) in case of recognition of impairment loss of securities:

2) in case of recovery of earlier recognized impairment loss of securities:

state Item 83 in the following edition:

"83. In case of the placement of pension assets of the Voluntary accumulation pension fund and pension assets of the single accumulation pension fund which are in trust management at the organization exercising control of investment portfolio in deposits in banks and National Bank of the Republic of Kazakhstan on the deposit amount taking into account costs according to the transaction the following accounting entry is performed:

state Item 87 in the following edition:

"87. On each reporting date the bank carries out the test for impairment of deposits and performs the following accounting entries:

1) in case of recognition of impairment loss of deposits:

2) in case of recovery of earlier recognized impairment loss of deposits:

add with Item 89-1 of the following content:

"89-1. According to the custodial agreement signed between the single accumulation pension fund, managing investment portfolio and bank custodian in the terms determined by accounting policy of bank custodian charge of the amounts of remuneration (income) for custodial servicing of the managing director of investment portfolio, and also charge of commission amounts of expenses on money transfers and other expenses is made and the following accounting entry is performed:

90, of 91, 92 and 93 to state Items in the following edition:

"90. In case of the fee of professional participants of the security market and other incurred expenses which are subject to compensation by managing investment portfolio, the Voluntary accumulation pension fund according to the custodial agreement performs the following accounting entry:

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