Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of December 31, 2003 No. 1271

About approval of the Provision and structure of National Bank of the Republic of Kazakhstan

(The last edition from 23-04-2019)

According to article 17-1 of the Constitutional law of the Republic of Kazakhstan "About the President of the Republic of Kazakhstan" POSTANOVLYAYU:

1. Approve enclosed:

1) Regulations on National Bank of the Republic of Kazakhstan;

2) structure of National Bank of the Republic of Kazakhstan.

2. Establish the general number of staff of National Bank of the Republic of Kazakhstan including central office, its branches and representations in number of 2587 units.

3. Recognize invalid some presidential decrees of the Republic of Kazakhstan according to the enclosed list.

4. This Decree becomes effective since January 1, 2004.

President of the Republic of Kazakhstan

N. Nazarbayev

Approved by the Presidential decree of the Republic of Kazakhstan of December 31, 2003 No. 1271

Regulations on National Bank of the Republic of Kazakhstan

Chapter 1. General provisions

1. The National Bank of the Republic of Kazakhstan (further - National Bank of Kazakhstan) is state body, directly subordinate and accountable to the President of the Republic of Kazakhstan, providing development and carrying out monetary policy of the state, functioning of payment systems, proper level of protection of the rights and legitimate interests of consumers of financial services, promoting stability of financial system, performing statistical activities in the field of monetary statistics and statistics of the external sector, currency control and currency exchange control, state regulation, control and supervision of the financial market and the financial organizations, and also other persons within competence.

2. The National Bank of Kazakhstan together with the branches, representations and the organizations constitutes single centralized structure with the vertical scheme of subordination.

3. The National Bank of Kazakhstan is Central Bank of the Republic of Kazakhstan, represents the top (first) level of bank system of the Republic of Kazakhstan, performs the activities according to the Constitution and the laws of the Republic of Kazakhstan, acts of the President and the Government of the Republic of Kazakhstan, other regulatory legal acts of the Republic of Kazakhstan, and also this Regulations on National Bank of the Republic of Kazakhstan (further - the Provision).

4. The National Bank of Kazakhstan is legal entity in form of business of republican public institution, has seal with the image of the State Emblem of the Republic of Kazakhstan and the name in official language, stamps, and also own emblem and forms of the established sample.

Branches of National Bank of Kazakhstan (further - branch) open according to the solution of the Board of directors of National Bank of Kazakhstan, are accountable to it and perform the activities within the powers established by National Bank of Kazakhstan.

The structure of branch approved by the Board of directors of National Bank of Kazakhstan can include departments and other divisions which legal status and powers are determined by regulations on branch of National Bank of Kazakhstan.

In the activities the branch is guided by regulatory legal acts of the Republic of Kazakhstan, resolutions of Board and the Board of directors of National Bank of Kazakhstan, orders, orders of National Bank of Kazakhstan, the Provision and regulations on branch of National Bank of Kazakhstan.

The procedure for opening and closing of branch, its power, task and function are determined by regulations on branch of National Bank of Kazakhstan and regulatory legal acts of the Republic of Kazakhstan.

Management of activities of branch is performed by his director appointed to position (dismissed) by the Chairman of National Bank of Kazakhstan.

The branch director performs the activities based on regulations on branch and the power of attorney of National Bank of Kazakhstan.

Representative offices of National Bank of Kazakhstan open according to the solution of the Board of directors of National Bank of Kazakhstan both in the territory of the Republic of Kazakhstan, and out of it and perform protection and representation of interests of National Bank of Kazakhstan within the powers established by National Bank of Kazakhstan.

The procedure for opening, closing of representations, their powers and legal status are determined by regulations on representative offices of National Bank of Kazakhstan.

Management of activities of representation is performed by the chief representative appointed to position (dismissed) by the Chairman of National Bank of Kazakhstan.

The chief representative performs the activities based on regulations on representation and the power of attorney of National Bank of Kazakhstan.

Other questions connected with internal activities of National Bank of Kazakhstan are established by regulations of work of National Bank of Kazakhstan, regulations on structural divisions and other legal acts of National Bank of Kazakhstan.

The organizations of National Bank of Kazakhstan are republican legal entities, are created in the form of the republican state companies, are subject to state registration in the procedure established by the legislation of the Republic of Kazakhstan and enter into single centralized structure of National Bank of Kazakhstan.

The National Bank of Kazakhstan in relation to the organizations created by it is their founder and authorized state body performing in relation to them functions of the person of law of republican property including powers on regulation of their activities and decision making about change of legal status of the called organizations.

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