Document from CIS Legislation database © 2003-2024 SojuzPravoInform LLC

The document ceased to be valid since March 12, 2015 according to Item 1 of the Order of the Government of the Republic of Kazakhstan of February 26, 2015 No. 91

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of February 5, 2003 No. 132

About approval of Rules of collection of commission fee by the accumulation pension funds

(as of February 5, 2009)

1. Approve the enclosed Rules of collection of commission fee by the accumulation pension funds.

2. This resolution becomes effective from the date of official publication.

 

Prime Minister

Republic of Kazakhstan I. Tasmagambetov

Approved by the order of the Government of the Republic of Kazakhstan of February 5, 2003 No. 132

Rules of collection of commission fee by the accumulation pension funds

Rules determine procedure for collection of commission fee by the accumulation pension funds.

2. The commission fee from investment revenue (loss) is daily charged during month under report and joins in the calculation of cost of conventional unit of pension assets of the corresponding day determined according to the procedure, established by regulatory legal acts of state body on regulation and supervision of the financial market and the financial organizations (further - authorized body).

The commission fee from pension assets is charged by the equal amounts per every day during month under report and joins in the calculation of cost of conventional unit of pension assets of the corresponding day determined according to the procedure, established by regulatory legal acts of authorized body. At the same time the size of pension assets is determined by the smallest value of purchase or market value of the financial instruments which are in investment portfolio of the accumulation pension fund for the beginning of the first day of month under report.

3. The commission fee from investment revenue is transferred for month under report from the investment account on own current account of the accumulation pension fund in case of the actual receipt of investment revenue by the accumulation pension fund and on condition of lack of receivables on the added commission fee from the beginning of activities, including month under report.

4. The amount of commission fee for month under report calculated according to Item 2 of these rules is subject to transfer to the current account of the accumulation pension fund no later than the sixth working day of the month following reporting. Transfer is made based on the reconciliation statement signed by authorized representatives of bank custodian, the organization exercising investment control of pension assets and the accumulation pension fund or bank custodian and the accumulation pension fund when implementing investment of pension assets independently.

5. By transfer of pension assets from one accumulation pension fund in another in case of liquidation or reorganization of the accumulation pension fund the size of the added amount of negative commission fee is compensated by the accumulation pension fund transferring pension assets by means of transfer of outstanding amount at the expense of own means on account of pension assets.

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

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SoyuzPravoInform LLC.