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The document ceased to be valid since  May 23, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of February 29, 2016 No. 64

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

of March 30, 2007 No. 60

About approval of Rules of voluntary liquidation of banks

 

IT IS APPROVED

National Bank

Republic of Kazakhstan

April 26, 2007

IT IS APPROVED

Committee of information and archives

Ministries of Culture and Information

Republic of Kazakhstan

May 8, 2007

For the purpose of enhancement of the regulatory legal acts regulating procedure for voluntary liquidation of banks, Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve the enclosed Rules of voluntary liquidation of banks.

2. Recognize invalid the following regulatory legal acts:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of May 16, 2000 No. 210 "About approval of Rules of voluntary liquidation of banks in the Republic of Kazakhstan" (registered in the Register of state registration of regulatory legal acts at No. 1220);

2) the resolution of Board of National Bank of the Republic of Kazakhstan of March 16, 2002 No. 89 "About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of May 16, 2000 No. 210 "About approval of Rules of voluntary liquidation of banks in the Republic of Kazakhstan" (registered in the Register of state registration of regulatory legal acts at No. 1833);

3) the resolution of Board of the Agency of January 19, 2004 No. 10 "About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of May 16, 2000 No. 210 "About approval of Rules of voluntary liquidation of banks in the Republic of Kazakhstan", registered in the Ministry of Justice of the Republic of Kazakhstan at No. 1220 (registered in the Register of state registration of regulatory legal acts at No. 2711).

3. This resolution becomes effective after fourteen days from the date of its state registration in the Ministry of Justice of the Republic of Kazakhstan.

4. To department of liquidation of the financial organizations (Bakhtiyarova G. A.):

1) together with Legal department (Baysynov M. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution to the attention of the interested divisions of the Agency.

5. To department of the international relations and public relations to take measures to the publication of this resolution in mass media of the Republic of Kazakhstan.

6. To impose control of execution of this resolution on the vice-chairman of the Agency Bakhmutova E. L.

 

Chairman A. Dunayev

Approved by the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of March 30, 2007 No. 60

Rules of voluntary liquidation of banks

These rules 74-4 Laws of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" are drafted according to Articles 68-1, 69, (further - the Law on banks) and determine features of activities of liquidation commission of voluntarily liquidated bank, forming and activities of creditor committee of voluntarily liquidated bank, procedure for forming and approval of the estimate of liquidating expenses, requirements for respect of cash discipline by liquidation commission.

Features of liquidation of interstate banks are determined by international treaties (agreements) on creation of data of banks and their constituent documents.

The concepts used in these rules are applied in the values determined by the legislation of the Republic of Kazakhstan.

Chapter 1. Beginning of process of voluntary liquidation of bank

1. Date of creation of liquidation commission of bank is considered the beginning of process of voluntary liquidation.

2. The liquidation commission of bank is created by general meeting of shareholders of bank no later than forty five calendar days from the date of entry into force of the decision of authorized body on regulation and supervision of the financial market and the financial organizations (daleeupolnomochenny body) about issue of permission to voluntary liquidation of bank, taking into account branches and representative offices of bank.

Change of structure of liquidation commission of bank is performed according to the decision of general meeting of shareholders of bank.

3. From the date of creation of liquidation commission of bank and before completion of process of liquidation of bank:

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