LAW OF THE REPUBLIC OF KAZAKHSTAN

of July 23, 2026 No. 352-VIII ZRK

About modification and amendments in some legal acts of the Republic of Kazakhstan concerning enhancement and digitalization of the financial market, bankruptcy, and also assessment of state bodies

Article 1. Make changes and additions to the following legal acts of the Republic of Kazakhstan:

1. In the Civil code of the Republic of Kazakhstan (special part) of July 1, 1999:

in the subitem 11) and subitem 5-4) of part two of Article 741 of the word "on the interbank payments and (or) money transfers made in the territory of the Republic of Kazakhstan with use of payment cards" shall be replaced with words parts three of Item 1 of Article 740 "in payment systems as which operator the National Bank of the Republic of Kazakhstan or the legal entity of National Bank of the Republic of Kazakhstan performing the operational, technological and other functions determined by National Bank of the Republic of Kazakhstan for ensuring functioning of national digital financial infrastructure acts".

2. In the Entrepreneurial code of the Republic of Kazakhstan of October 29, 2015:

1) part the second item 4 of Article 112-1 after words "credit bureaus," to add with words "credit rating agencies,";

2) Item 11 of article 129 after words of "payment institutes" to add with words "credit rating agencies,";

Article 139 to add 3) with the subitem 25) of the following content:

"25) behind credit rating activities.".

3. In the Code of civil procedure of the Republic of Kazakhstan of October 31, 2015:

in subitem part two 1) of Item 1 of Article 156 of the word "on the interbank payments and (or) money transfers made in the territory of the Republic of Kazakhstan with use of payment cards" shall be replaced with words "in payment systems as which operator the National Bank of the Republic of Kazakhstan or the legal entity of National Bank of the Republic of Kazakhstan performing the operational, technological and other functions determined by National Bank of the Republic of Kazakhstan for ensuring functioning of national digital financial infrastructure acts".

4. In the Budget code of the Republic of Kazakhstan of March 15, 2025:

1) in all text change in Kazakh is made, the text in Russian does not change;

The paragraph third Item 1 of Article 46 to state 2) in the following edition:

"assessment of goal achievement of development plans for state bodies and development plans for the capital, areas, cities of republican value and achievement of the resulting effects provided by passports of budget programs, which is carried out according to the procedure and terms which are installed by the legislation of the Republic of Kazakhstan on the state audit and financial control, within subsequent assessment of the budget, stipulated in Article 44 of this Code;";

3) in Article 75:

in part two of Item 12 of the word "efficiency evaluations of activities of state bodies for goal achievement of development plans for state bodies and on achievement of results of passports of budget programs" shall be replaced with words "subsequent assessment of the budget, stipulated in Article 44 of this Code";

the paragraph one of Item 13 after the words "43 of this Code" to add with words "subsequent assessment of the budget, stipulated in Article 44 of this Code,";

Item 1 of Article 101 to add 4) with parts three and the fourth the following content:

"Budget implementation on expenses in the form of digital tenge is performed according to the list approved by the Government of the Republic of Kazakhstan.

The procedure for budget implementation with use of digital tenge is determined by the central authorized body by budget implementation.";

Part one of Item 2 of Article 104 to state 5) in the following edition:

"2. Treasurer maintenance - activities for implementation of the current control according to article 110 of this Code of target use of the funds allocated for advancing in case of implementation of the budget investment projects connected with construction and reconstruction of objects when carrying out the payments through control accounts of cash including realized by subjects of the quasi-public sector.";

10) of Item 3 of Article 106 the word "state" to exclude 6) in the subitem;

7) in Article 110:

in Item 1:

part one after the word to "obligations" to add with words ", including with use of digital tenge,";

the second after the word of "purchases" to add part with words ", including with use of digital tenge,";

in Item 2 of the word "the subject of the quasi-public sector on realization (implementation) of pilot project," to exclude;

in Item 3:

in word part five "the subject of the quasi-public sector on realization (implementation) of pilot project," to exclude;

part eleven in paragraph one "state" to exclude the word;

8) in Item 2 of Article 112:

in part one "state" to exclude the word;

in part two:

"state" to exclude the word;

after the word "contractor" to add with the words "or subject of the quasi-public sector";

The paragraph third Item 8 of Article 149 to add 9) with words ", except for projects on construction and "turnkey" reconstruction.

5. In the Digital code of the Republic of Kazakhstan of January 9, 2026:

in Article 95:

state Item 2 in the following edition:

"2. The index of digital development is determined within the technique of index of digital development approved by authorized body in coordination with the Highest auditor chamber of the Republic of Kazakhstan.";

exclude Item 3.

6. In the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan":

1) in Article 8:

add with subitems 6-1), 6-2) and 6-3) of the following content:

"6-1) establishes the qualification requirements imposed to payment institutes of the first category including requirements to form of business, to founders (participants) and the beneficial owner, including disclosure of sources of origin of their deposits to the authorized capital, to leading employees, requirements to their faultless goodwill, the size and procedure for forming of the authorized capital, the internal documents and regulations of payment institute of the first category regulating its activities;

6-2) approves prudential standard rates and other regulations, obligatory to observance, and limits for payment institutes of the first category, their extreme values and techniques of calculations;

6-3) determines procedure, cases and conditions of use of money of clients of the payment institutes of the first category which are on bank accounts;";

20) to add the subitem with the paragraph the second the following content:

"on implementation of activities of payment institute of the first category for rendering payment services and to implementation of separate types of banking activities (opening and maintaining business bank accounts, translated transactions: accomplishment of instructions of legal entities for payments and money transfers);";

the subitem 24) after words "foreign currency" to add with words "payment institutes of the first category";

to add subitem 24-3) after words of "banking activities" with words "(except for payment institutes of the first category)";

35) after words "measures of supervising reaction to" add the subitem with words "to payment institutes of the first category,";

2) in Item 2 of Article 15:

in the subitem 17) shall be replaced with words the words "and also accounting registration of payment institutes" "payment institutes of the first category, and also accounting registration of payment institutes of the second category";

in the subitem 18) "information" to replace the word with the word of "digital";

10) of Item 2 of Article 20-4 of the word "automated information" to replace 3) in the subitem with the word "digital";

4) in parts two and third Article 70 of the word "information", "information" to replace respectively with words "digital", "digital".

7. In the Law of the Republic of Kazakhstan of December 7, 2000 "About housing construction savings in the Republic of Kazakhstan":

add Article 5 with Item 2-1 of the following content:

"2-1. The housing construction savings bank according to the license of authorized body on regulation, control and supervision of the financial market and the financial organizations has the right to perform the Islamic banking activities provided by the subitem 1), paragraphs the first and second the subitem 2), subitems 3) and 7) of part one of item 4 of article 22 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" with respect for the principles of Islamic banking activities, the stipulated in Clause 35 Laws of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan".".

8. In the Law of the Republic of Kazakhstan of December 18, 2000 "About insurance activity":

The word "cyber security" shall be replaced with words 1) in part one of Item 12 of Article 20 "information security in the financial sphere, including cyber security";

25) of Article 43 the word "cyber security" shall be replaced with words 2) in the subitem to "ensuring information security in the financial sphere, including cyber security";

3) in Item 3 of Article 48:

1) to add the subitem with the paragraph the fifth the following content:

"credit rating agencies;";

2) to add the subitem with the paragraph third the following content:

"credit rating agencies;";

4) in Item 5 of Article 74:

in word part one to "information and communication infrastructure" shall be replaced with words to "digital infrastructure";

in word part three shall be replaced with words "areas of information and communication technologies and ensuring information security" to "the sphere of digitalization and ensuring cyber security".

9. In the Law of the Republic of Kazakhstan of April 25, 2001 "About Development bank of Kazakhstan":

to add Item 1 of Article 6 with words ", and also procedures of settlement of the insolvent banks provided by the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan".

10. In the Law of the Republic of Kazakhstan of March 28, 2003 "About credit partnerships":

in part one of item 4 of Article 10 to replace the word "month" with the word "quarter".

11. In the Law of the Republic of Kazakhstan of May 13, 2003 "About joint-stock companies":

The word "information and communication" to replace 1) in Item 3 of Article 40 with the word of "digital";

The word "electronic" to replace 2) in part two of Item 2 of Article 41 with the word "digital";

2) parts one of item 4 of Article 49 the word "electronic" to replace 3) in the subitem with the word "digital";

The word "electronic" to replace 4) in part one of Item 1 of Article 80 with the word "digital".

12. In the Law of the Republic of Kazakhstan of July 1, 2003 "About compulsory insurance of civil responsibility of owners of vehicles":

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