THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of September 29, 2025 No. 62

About approval of Rules of implementation of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creations of provisions (reserves) against them

According to Item 2 of article 323 of the Tax Code of the Republic of Kazakhstan and the subitem 5) article 27 of the Law of the Republic of Kazakhstan "About microfinancial activities" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve Rules of implementation of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creations of provisions (reserves) against them according to appendix 1 to this resolution.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan, and also structural elements of some 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 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 is subject to official publication and becomes effective since January 1, 2026.

Appendix 1

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of September 29, 2025 No. 62

Rules of implementation of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creations of provisions (reserves) against them

Chapter 1. General provisions

1. These rules of implementation of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creations of provisions (reserves) against them (further - Rules), are developed according to Item 2 of article 323 of the Tax Code of the Republic of Kazakhstan (further – the Tax code) and the subitem 5) of article 27 of the Law of the Republic of Kazakhstan "About microfinancial activities" (further - the Law) and establish procedure of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creations of provisions (reserves) against them.

2. In Rules the following concepts are used:

Short-reception of money - difference between the cash flows which are due to the microfinancial organization according to the agreement on provision of the microcredit and cash flows which the microfinancial organization expects to receive 1);

2) debt - the amount outstanding the borrower of the requirement in the form of principal debt, the added remuneration and (or) other payments in accordance with the terms of the agreement on provision of the microcredit;

3) uniform assets and contingent obligations on the provided microcredits - group of assets and contingent obligations on the provided microcredits with similar characteristics of credit risk;

4) individual assets and contingent obligations on the provided microcredits - assets and contingent obligations on the provided microcredits which gross carrying amount on reporting date exceeds 5 (five) percent from assets of the microfinancial organization, according to data of the financial reporting or asset and contingent obligation on the provided microcredit which represents the requirement to the interconnected party.

Establishment by the microfinancial organization in addition to the criteria provided by this subitem, additional criteria for reference of asset and contingent obligation on the provided microcredit to individual is allowed.

Determination of other ratio of gross carrying amount of asset by the microfinancial organization and contingent obligation on the provided microcredit is allowed to assets, but at least 5 (five) percent from assets;

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