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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 October 20, 2022 No. 73

About approval of Rules of the conclusion of the contract of retirement annuity with insurance company and transfer of pension savings (the redemption amount) of insurance company, single accumulation pension fund under the agreement of retirement annuity

According to subitem 4-2) of Article 8 and Item 15 of article 60 of the Law of the Republic of Kazakhstan "About provision of pensions in the Republic of Kazakhstan" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve Rules of the conclusion of the contract of retirement annuity with insurance company and transfer of pension savings (the redemption amount) of insurance company, single accumulation pension fund under the agreement of retirement annuity according to appendix 1 to this resolution.

2. Recognize invalid regulatory legal act of the Republic of Kazakhstan, and also separate structural elements of regulatory legal acts of the Republic of Kazakhstan according to the list according to appendix 2 to this resolution.

3. To provide to department of the insurance market and actuarial calculations 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 action provided by the subitem 2) of this Item.

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.

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

M. Abylkasymova

Appendix 1

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of October 20, 2022 No. 73

Rules of the conclusion of the contract of retirement annuity with insurance company and transfer of pension savings (the redemption amount) of insurance company, single accumulation pension fund under the agreement of retirement annuity

Rules of the conclusion of the contract of retirement annuity with insurance company and transfer of pension savings (the redemption amount) of insurance company, single accumulation pension fund under the agreement of retirement annuity (further – Rules) are developed according to subitem 4-2) of Article 8 and Item 15 of article 60 of the Law of the Republic of Kazakhstan "About provision of pensions in the Republic of Kazakhstan" (further – the Law), determine procedure for the conclusion of the agreement of retirement annuity the investor and (or) the receiver and (or) the insurer with insurance company and transfer of pension savings (the redemption amount) of insurance company, single accumulation pension fund according to the agreement of retirement annuity.

Chapter 1. General provisions

1. In Rules the concepts provided in the Law and also the following concepts and reducings are used:

1) information system – organizationally the ordered set of the information and communication technologies, service personnel and technical documentation realizing certain technological actions by means of information exchange and intended for the solution of specific functional objectives;

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