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

of March 20, 2026 No. 11

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning provision of pensions

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

1. Approve the enclosed list of regulatory legal acts of the Republic of Kazakhstan concerning provision of pensions to which changes and amendment are made.

2. 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.

3. 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.

4. This resolution becomes effective after ten calendar days after day of its first official publication.

Appendix

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of March 20, 2026 No. 11

The list of regulatory legal acts of the Republic of Kazakhstan concerning provision of pensions to which changes and amendment are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of February 3, 2014 No. 10 "About approval of Rules of implementation of activities for management of investment portfolio" (it is registered in the Register of state registration of regulatory legal acts at No. 9248) the following changes:

in the Rules of implementation of activities for management of investment portfolio approved by the specified resolution:

state Item 1 in the following edition:

"1. In Rules the following concepts are used:

1) special finance company - the legal entity created according to the Law on securitization for implementation of transactions of project financing and securitization for benefit of which rights to claim are yielded;

2) exchange mutual investment fund (Exchange Traded Fund) (ETF) (Ekscheyndzh Treyded Fands) - interval mutual investment fund of index investment which shares address on the stock exchange;

3) the single accumulation pension fund - the legal entity performing activities for attraction of pension contributions and retirement benefits, and also other functions determined by the Social code of the Republic of Kazakhstan;

4) the investment declaration - the document determining the list of investment objects, the purposes, strategy, conditions and restrictions of investing activities on assets of investment fund or endaument-fund (the target capital), conditions of hedging and asset diversification;

5) investment portfolio - the set of different types of financial instruments or other property which is in property or management of the managing director of investment portfolio;

6) the agreement on management of investment portfolio - the agreement according to which the client gives to the managing director of investment portfolio property to investment management and the managing director of investment portfolio shall exercise control of this property for the benefit of the client;

7) the managing director of investment portfolio - the professional participant of the security market performing on its own behalf in interests and for customer account activities for management of objects of the civil laws;

8) system of accounting of the managing director of investment portfolio - set of the data containing on investment customer accounts of the managing director of investment portfolio which provide identification of the client and his assets, structure of investment portfolio and transactions with the client's assets on certain timepoint;

9) the investment decision - the decision on transaction with assets of investment fund or endaument-fund (target capital) accepted in process of management of its assets;

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info