RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 19, 2022 No. 122

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

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, according to appendix to this resolution 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 Sholpankulov B. Sh.

4. This resolution becomes effective since January 1, 2023 and is subject to official publication.

It is approved Ministry of Finance of the Republic of Kazakhstan

It is approved Agency of the Republic of Kazakhstan on regulation and development of the financial market

It is approved Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan

 

Appendix

to the Resolution of the Chairman of National Bank of Kazakhstan of December 19, 2022 No. 122

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 September 22, 2008 No. 79 "About approval of the Standard chart of accounts of financial accounting for certain subjects of the financial market of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 5348) the following changes and amendments:

in the Standard chart of accounts of financial accounting for certain subjects of the financial market of the Republic of Kazakhstan approved by the specified resolution:

in Chapter 2:

in paragraph 3:

after account 3240 to add with the account 3250 following contents:

"3250

Obligations on compulsory pension contributions of the employer";

after account 3390 71 to add with account 3390 72 following of content:

"3390 72

Reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer";

in paragraph 7:

state the account name 7220 01 in the following edition:

"7220 01

Expenses on the social tax, social assignments and compulsory pension contributions of the employer";

in Chapter 3:

in paragraph 1:

after the description of account 3240 to add with number, the name and the description of the account 3250 following contents:

"3250" obligations on compulsory pension contributions of the employer" (passive).

Appointment: accounting of the amounts of the obligations on compulsory pension contributions of the employer which are subject to payment in the single accumulation pension fund.

On the credit of the account the amount of the obligations on compulsory pension contributions of the employer which are subject to payment in the single accumulation pension fund is carried out.

On the debit of the account write-off of the amounts of the added obligations on compulsory pension contributions of the employer which are subject to payment in the single accumulation pension fund is carried out.";

after the description of account 3390 71 to add with number, the name and the description of account 3390 72 following of content:

"3390 72" reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer" (passive).

Appointment: accounting of the amounts of reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer.

On the credit of the account the amount of receipts of reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer is carried out.

On the debit of the account write-off of the amounts of reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer is carried out.";

to state the name and the description of account 7220 01 in the following edition:

"7220 01" expenses on the social tax, social assignments and compulsory pension contributions of the employer".

Appointment: accounting of expense amounts of the organization for payment of the social tax, social assignments and compulsory pension contributions of the employer.

On the debit of the account the expense amount of the organization for payment of the social tax, social assignments and compulsory pension contributions of the employer is carried out.

On the credit of the account write-off of the amounts of the incurred expenses on the balance sheet account No. 5610 is carried out.".

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of February 1, 2010 No. 4 "About approval of the Instruction for conducting financial accounting by managing directors of investment portfolio, the organizations performing broker activities in the security market, and the insurance companies having license for activities on industry "life insurance" and performing conclusion of the insurance contracts providing conditions of participation of the insurer in investments of the insurer and branches of insurance companies - nonresidents of the Republic of Kazakhstan, having license for activities on industry "life insurance" and performing conclusion of the insurance contracts providing conditions of participation of the insurer in investments of the insurer" (it is registered in the Register of state registration of regulatory legal acts at No. 6090) the following changes:

state heading in the following edition:

"About approval of the Instruction for conducting financial accounting by managing directors of investment portfolio, the organizations which are performing broker activities in the security market, and the insurance companies having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer, and branches of insurance companies - nonresidents of the Republic of Kazakhstan, having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer";

to state preamble and Item 1 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", subitems 1) and 3-4) Items 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:

1. Approve the enclosed Instruction for conducting financial accounting by managing directors of investment portfolio, the organizations which are performing broker activities in the security market, and the insurance companies having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer, and branches of insurance companies - nonresidents of the Republic of Kazakhstan, having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer.";

in the Instruction for conducting financial accounting by managing directors of investment portfolio, the organizations performing broker activities in the security market, and the insurance companies having license for activities on industry "life insurance" and performing conclusion of the insurance contracts providing conditions of participation of the insurer in investments of the insurer and branches of insurance companies - nonresidents of the Republic of Kazakhstan, having license for activities on industry "life insurance" and performing conclusion of the insurance contracts providing conditions of participation of the insurer in investments of the insurer approved by the specified resolution:

state heading in the following edition:

"The instruction for conducting financial accounting by managing directors of investment portfolio, the organizations which are performing broker activities in the security market, and the insurance companies having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer, and branches of insurance companies - nonresidents of the Republic of Kazakhstan, having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer";

state Item 1 in the following edition:

"1. This Instruction 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", subitems 1) and 3-4) Items 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting", international accounting standards and disaggregates conducting financial accounting:

managing directors of investment portfolio of assets of the clients who are in investment management, and the insurance companies having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer, and branches of insurance companies - nonresidents of the Republic of Kazakhstan, having license for activities on industry "life insurance" and signing the insurance contracts providing conditions of participation of the insurer in investments of the insurer (further – the organization);

the organizations performing broker activities in the security market (further – the broker) the assets received from clients under the agreement on rendering broker services.";

state Item 3 in the following edition:

"3. The accounting entries which are not provided by this Instruction are performed according to requirements of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and international accounting standards.".

3. Bring in 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 and Branches of Banks — Nonresidents of the Republic of Kazakhstan" joint-stock company (it is registered in the Register of state registration of regulatory legal acts at No. 6793) the following changes:

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", subitems 1), "About financial accounting and the financial reporting" the Board of National Bank of the Republic of Kazakhstan DECIDES: 3-2) and 3-4) Items 6 of article 20 of the Law of the Republic of Kazakhstan";

in 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 banks - nonresidents of the Republic of Kazakhstan, approved by the specified resolution:

in Chapter 2:

in paragraph 5:

state the account name 5722 in the following edition:

"5722

Social assignments, assignments on compulsory social medical insurance and compulsory pension contributions of the employer";

in Chapter 3:

in paragraph 1:

to state the name and the description of account 5722 in the following edition:

"5722. Social assignments, assignments on compulsory social medical insurance and compulsory pension contributions of the employer.

Purpose of the account: Accounting of the amounts of the social assignments paid to the State Social Insurance Fund, the assignments on compulsory social medical insurance paid to fund of social medical insurance, the compulsory pension contributions of the employer which are subject to payment in the single accumulation pension fund.

On the debit of the account expense amounts, the social assignments connected with transfer, assignments on compulsory social medical insurance and compulsory pension contributions of the employer are carried out.

On the credit of the account write-off of the amounts of the incurred expenses on the balance sheet account No. 4999 is carried out.".

4. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of July 1, 2011 No. 68 "About approval of the Instruction for conducting financial accounting by certain subjects of the financial market" (it is registered in the Register of state registration of regulatory legal acts at No. 7121) the following changes:

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", subitems 1) and 3-4) Items 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:";

in the Instruction for conducting financial accounting by certain subjects of the financial market approved by the specified resolution:

state Item 1 in the following edition:

"1. This Instruction 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", subitems 1) and 3-4) Items 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and international accounting standards.".

5. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of July 1, 2011 No. 69 "About approval of the Instruction for conducting financial accounting of the transactions with pension assets performed by the single accumulation pension fund and the Voluntary accumulation pension funds" (it is registered in the Register of state registration of regulatory legal acts at No. 7118) the following amendments:

in the Instruction for conducting financial accounting of the transactions with pension assets performed by the single accumulation pension fund and the Voluntary accumulation pension funds, approved by the specified resolution:

add with Item 5-2 of the following content:

"5-2. On the amount of compulsory pension contributions of the employer the following accounting entry is performed:

Дт	1060 61	Money (pension assets) on the current account (the investment account)
Кт	3390 70	The means considered on the conditional retirement accounts created at the expense of compulsory pension contributions of the employer.";

add with Item 8-1 of the following content:

"8-1. In case of transfer of funds for accounts of reserve funds from conditional retirement accounts of physical persons the following accounting entry is performed:

Дт	3390 70	The means considered on the conditional retirement accounts created at the expense of compulsory pension contributions of the employer
Кт	3390 68	Reserve fund on contingent pension liabilities
	3390 72	Reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer.

In case of write-off of funds from accounts of reserve funds on conditional retirement accounts of physical persons the following accounting entry is performed:

Дт	3390 68	Reserve fund on contingent pension liabilities
	3390 72	Reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer
Кт	3390 70	The means considered on the conditional retirement accounts created at the expense of compulsory pension contributions of the employer.";

add with Item 86-1 of the following content:

"86-1. In case of transfer of net investment revenue on conditional retirement accounts and accounts of reserve funds the following accounting entries are performed:

1) in the presence of credit balance on account 5610 "Retained earnings (uncovered loss) of the accounting period":

Дт	5610	Retained earnings (uncovered loss) of the accounting period
Кт	3390 70	The means considered on the conditional retirement accounts created at the expense of compulsory pension contributions of the employer
	3390 68	Reserve fund on contingent pension liabilities
	3390 72	Reserve funds of the single accumulation pension fund, on compulsory pension contributions of the employer;

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