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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 April 3, 2026 No. 52

About modification and amendments in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of June 7, 2023 No. 40 "About approval of Rules of forming of risk management system and internal control of the single accumulation pension fund, the Voluntary accumulation pension funds"

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 the Agency of the Republic of Kazakhstan on regulation and development of the financial market of June 7, 2023 No. 40 "About approval of Rules of forming of risk management system and internal control of the single accumulation pension fund, the Voluntary accumulation pension funds" (it is registered in the Register of state registration of regulatory legal acts at No. 32826) the following changes and amendments:

in Rules of forming of risk management system and internal control of the single accumulation pension fund, the Voluntary accumulation pension funds approved by the specified resolution:

state Item 3 in the following edition:

"3. In Rules the following concepts are used:

1) reputation risk - risk of emergence of expenses (losses) owing to negative public opinion about Fund or DNPF or decrease in trust to them;

2) corporate management - the system of strategic and tactical management of Fund or DNPF representing the complex of relations between general shareholder meeting, the board of directors, board and other bodies aimed at providing effective functioning of Fund or DNPF, protection of the rights and interests of its shareholder (shareholders) and giving to the shareholder (shareholders) opportunity of effective control and monitoring of activities of Fund or DNPF;

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