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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 June 7, 2023 No. 49

About approval of Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors of compulsory pension contributions, physical persons for whom compulsory professional pension contributions, voluntary pension contributions (receivers of retirement benefits) are listed

1. Approve Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors of compulsory pension contributions, physical persons for whom compulsory professional pension contributions, voluntary pension contributions (receivers of retirement benefits) are listed.

2. Recognize invalid:

1) the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of February 12, 2021 No. 27 "About approval of Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors (receivers)" (it is registered in the Register of state registration of regulatory legal acts at No. 22220);

2) Item 3 of the List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of funded pension system to which changes are made the Board of the Agency of the Republic of Kazakhstan approved by the resolution on regulation and development of the financial market of April 27, 2021 No. 58 "About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of funded pension system" (it is registered in the Register of state registration of regulatory legal acts at No. 22663).

3. To provide to department of the security market 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 since July 1, 2023 and is subject to official publication.

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

M. Abylkasymova

 

Appendix

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of June 7, 2023 No. 49

Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors of compulsory pension contributions, physical persons for whom compulsory professional pension contributions, voluntary pension contributions (receivers of retirement benefits) are listed

Chapter 1. General provisions

2. Accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors (receivers of retirement benefits) includes opening of the individual retirement account (further – IPS) to the investor (the receiver of retirement benefits), accounting of pension accruals on IPS of investors (receivers of retirement benefits), and also closing of IPS.

Chapter 2. Procedure for opening and closing of IPS

3. The bases for opening of IPS are:

for accounting of compulsory pension contributions and compulsory professional pension contributions – arrived in ENPF from non-commercial joint-stock company "The Government for Citizens state corporation (further - the State corporation) lists of the physical persons represented by agents on payment of compulsory pension contributions, compulsory professional pension contributions (further - the agent) in ENPF in case of the transfer of compulsory pension contributions, compulsory professional pension contributions or penalty fee according to the procedure determined by the Government of the Republic of Kazakhstan;

for accounting of voluntary pension contributions – primary amount of the voluntary pension contribution listed by physical person (the investor of voluntary pension contributions) in own favor or for benefit of the third party (the receiver of retirement benefits) which arrived in ENPF and (or) DNPF or lists of the physical persons represented by agents on payment of voluntary pension contributions to ENPF in case of transfer of voluntary pension contributions, or the amount of voluntary pension accruals of physical person for whom are listed voluntary pension contributions (the receiver of retirement benefits), the unclaimed amount of warranty compensation translated from DNPF and (or) ENPF, or arrived in ENPF from the organization performing obligatory guaranteeing deposits according to the Law of the Republic of Kazakhstan "About obligatory guaranteeing the deposits placed in banks of the second level of the Republic of Kazakhstan" (further – the Law), according to the procedure and the terms established by the agreement the prisoner between ENPF and the organization performing obligatory guaranteeing deposits according to the Law.

The basis for opening as a part of IPS of the investor of compulsory pension contributions, physical persons for whom compulsory professional pension contributions are listed voluntary pension contributions of the sub-account intended for accounting of compulsory pension contributions, compulsory professional pension contributions, the voluntary pension contributions delivered in trust management of UIP is the arrived primary amount of pension accruals according to the agreement on trust management of pension assets signed between ENPF and UIP.

4. At the same time ENPF and DNPF perform registration of IPS of investors (receivers of retirement benefits) electronically.

5. The INFORMATION RETRIEVAL SYSTEM of investors (receivers of retirement benefits) are conducted in tenge separately by types of pension contributions (compulsory pension contributions, compulsory professional pension contributions, voluntary pension contributions) as a part of which sub-accounts on the pension accruals delivered by ENPF in trust management of UIP open and open:

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