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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 July 31, 2024 No. 45

About modification of some regulatory legal acts of the Republic of Kazakhstan concerning banking regulation

Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of May 30, 2016 No. 144 "About establishment of prudential standard rates and other regulations and limits, obligatory to observance, for Islamic banks, their normative values and technique of calculations of prudential standard rates and other regulations and limits, obligatory to observance, for Islamic banks" (the following change is registered in the Register of state registration of regulatory legal acts at No. 13939):

in Normative values and technique of calculations of prudential standard rates and other regulations and limits, obligatory to observance, for the Islamic banks approved by the specified resolution:

state appendix 2 in edition according to appendix 1 to this resolution.

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 308 "About establishment of prudential standard rates and others obligatory to observance by the mortgage organizations and affiliated organizations of national managing holding in the field of agro-industrial complex of regulations and limits" (the following change is registered in the Register of state registration of regulatory legal acts at No. 14788):

in Prudential standard rates and others obligatory to observance by the mortgage organizations and affiliated organizations of national managing holding in the field of agro-industrial complex the regulations and limits approved by the specified resolution:

state appendix 1 in edition according to appendix 2 to this resolution.

3. To provide to department of methodology and prudential regulation of the financial organizations 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 August 20, 2024 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

It is approved

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

 

Appendix 1

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of July 31, 2024 No. 45

Appendix 2

to Normative values and technique of calculations of prudential standard rates and other regulations and limits, obligatory to observance, for Islamic banks

The table of the assets of bank weighed on degree of credit risk of investments

Name of Articles

Risk degree as a percentage

I group

1.

Cash tenges

0

2.

The cash foreign currency of the countries having sovereign rating is not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

3.

The affined precious metals

0

4.

Requirements to the Government of the Republic of Kazakhstan

0

5.

Requirements to the central governments of the countries having sovereign rating are not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

6.

Requirements to National Bank of the Republic of Kazakhstan

0

7.

Requirements to Central Banks of the countries with sovereign rating are not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

8.

Requirements to international financial institutions with rating are not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

9.

Requirements to local executive bodies of the Republic of Kazakhstan on taxes and other payments in the budget

0

10.

Requirements to joint-stock company "National welfare fund "Samruk-Kazyna"

0

11.

The Islamic securities issued by the Islamic special finance company created by originatorom-national holding, the national managing director of holding of the Republic of Kazakhstan

0

12.

The Islamic securities having the status state, issued by the central governments of foreign states which sovereign rating is not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

13.

The Islamic securities issued by the international financial institutions having rating are not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

14.

The securities issued by joint-stock companies "National welfare fund "Samruk-Kazyna", "National managing holding "Bayterek", "Fund of the Problem Credits", securities issued by Development Bank of Kazakhstan joint-stock company according to the Law of the Republic of Kazakhstan "About the security market", the securities issued by Eurasian Development Bank and nominated in national currency of the Republic of Kazakhstan

0

15.

Requirements for the opened correspondent accounts to the banks having long-term rating are not lower than "VVV" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies

0

II group

16.

The cash foreign currency of the countries having sovereign rating is lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, and the countries which do not have the corresponding rating assessment

20

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