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THE ORDER OF THE DEPUTY PRIME MINISTER - THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of June 30, 2023 No. 723

About approval of Rules of issue of securities for the address in the domestic market by local executive body of area, city of republican value, the capital

(as amended of the Order of the Minister of Finance of the Republic of Kazakhstan of 13.05.2024 No. 287)

According to Article 212 of the Budget code of the Republic of Kazakhstan, PRIKAZYVAYU:

1. Approve the enclosed Rules of issue of securities for the address in the domestic market by local executive body of area, city of republican value, the capital.

2. To provide to department of the state borrowing of the Ministry of Finance of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:

1) state registration of this order in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this order on Internet resource of the Ministry of Finance of the Republic of Kazakhstan;

3) within ten working days after state registration of this order in the Ministry of Justice of the Republic of Kazakhstan submission to Department of legal service of the Ministry of Finance of the Republic of Kazakhstan of data on execution of the actions provided by subitems 1) and 2) of this Item.

3. This order becomes effective after ten calendar days after day of its first official publication.

The deputy prime minister is the Minister of Finance of the Republic of Kazakhstan

E.Zhamaubayev

Approved by the Order of the Deputy prime minister - the Minister of Finance of the Republic of Kazakhstan of June 30, 2023 No. 723

Rules of issue of securities for the address in the domestic market by local executive body of area, city of republican value, the capital

Chapter 1. General provisions

1. These rules of issue of securities in the domestic market by local executive body of area, city of republican value, the capital (further - Rules) are developed for the address according to the Budget code of the Republic of Kazakhstan and the Law of the Republic of Kazakhstan "About the security market" and determine procedure for release, placement, the address, servicing and repayment of government securities of local executive bodies of areas, cities of republican value, the capital in the territory of the Republic of Kazakhstan.

2. In these rules the following concepts are used:

1) the underwriter - the professional participant of the security market having the license for implementation of broker and dealer activities and rendering services to the issuer on release and placement of issued securities;

2) securities - the government issued securities emitted by local executive bodies of area, city of republican value, the capital;

3) the primary dealer - the professional participant of the security market allowed in accordance with the established procedure to participation in placement of securities;

4) the set of rules of depositary - the internal document of depositary based on which the depositary performs servicing and repayment of securities;

5) the central depositary (further - depositary) - the "Central Securities Depository" joint-stock company performing functions of the payment agent in case of placement of securities on payment of the income for securities and in case of their repayment, function on depositary servicing of securities according to the agreement signed with the issuer;

6) the organizer of the biddings - Kazakhstan stock exchange joint-stock company;

7) rules of the organizer of the biddings - the internal document of the organizer of the biddings based on which the organizer of the biddings performs placement of securities;

8) the issuer - local executive body of area, city of republican value, the capital.

At the same time local executive bodies of area are issuers only of the government securities issued by local executive bodies of areas for the address in the domestic market for financing of construction and (or) acquisition, the redemption of housing and (or) apartments in objects of equity in housing construction, and also for financing of construction and reconstruction of sewer treatment facilities within implementation of state programs, and also other securities issued for financing in accordance with the established procedure of separate actions for employment assistance.

Chapter 2. Procedure for release, placement, address, servicing and repayment of securities

Paragraph 1. General terms of release, placement, address, servicing and repayment of securities

3. Securities are issued by the issuer in paperless form. Servicing of securities (charge and payment of remuneration) is performed in national currency.

4. Each release has the international identification number (ISIN) assigned by the central depositary according to the legislation of the Republic of Kazakhstan.

5. Securities are placed the issuer by holding the auction, additional placement, repeated opening, subscription and other methods, statutory rules of the organizer of the biddings.

6. The issuer when implementing issue of securities has the right to involve the underwriter.

7. Accounting of securities and rights by them is performed by depositary.

8. Conditions, amount and purpose of issue of securities by local executive body of area, city of republican value, the capital are determined according to Item 2 of Article 212 of the Budget code of the Republic of Kazakhstan.

At the same time the total volume of the state borrowing of local executive bodies shall not exceed the set limit of debt of the relevant local executive body.

9. The issuer in time not later than ten calendar days before date of placement informs the Ministry of Finance of the Republic of Kazakhstan on date of placement, amounts of the forthcoming release.

10. Conditions and procedures of methods of placement, servicing and repayment of securities are established by rules of the organizer of the biddings and the set of rules of depositary respectively.

11. Legal entities and physical persons - residents and nonresidents of the Republic of Kazakhstan acquire securities through primary dealers.

12. The remuneration rate, amount of placement of securities are approved with the Ministry of Finance of the Republic of Kazakhstan.

13. Day of implementation by depositary of payment under the placed securities is considered day of the beginning of security circulation. Last afternoon of the address the day preceding repayment day of these securities is considered.

14. In the first afternoon for which remuneration on these securities is charged day of the beginning of their address, and last afternoon - the last day preceding day of their repayment is.

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