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The document ceased to be valid since  March 12, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 19, 2015 No. 251

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

of March 27, 2009 No. 57

About approval of Rules of state registration of release of Islamic securities, considerations of reports on results of placement and repayment of Islamic securities, and also assignments of national identification number to Islamic securities

(as amended on 16-07-2014)

According to Articles 3, of 8, "About the security market" and article 12 of the Law of the Republic of Kazakhstan of July 4, 2003 "About state regulation and supervision of the financial market and the financial organizations" the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES: 9 and 32-3 Laws of the Republic of Kazakhstan of July 2, 2003

1. Approve the enclosed Rules of state registration of release of Islamic securities, considerations of reports on results of placement and repayment of Islamic securities, and also assignments of national identification number to Islamic securities.

2. This resolution becomes effective after fourteen calendar days from the date of its state registration in the Ministry of Justice of the Republic of Kazakhstan.

3. To department of supervision of subjects of the security market and accumulation pension funds (Hadzhiyeva M. Zh.):

1) together with Legal department (Sarsenov N. V.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution to bring it to the attention of the interested divisions of the Agency and Consolidation of legal entities "The association of financiers of Kazakhstan".

4. To service of the Chairman of the Agency (Kenzhe A. A.) take measures for publication of this resolution in mass media of the Republic of Kazakhstan.

5. To impose control of execution of this resolution on the vice-chairman of the Agency Aldambergen A. U.

Chairman

Bakhmutova E. L.

Approved by the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of March 27, 2009 No. 57

Rules of state registration of release of Islamic securities, considerations of reports on results of placement and repayment of Islamic securities, and also assignments of national identification number to Islamic securities

These rules 9 and 32-3 Laws of the Republic of Kazakhstan of July 2, 2003 "About the security market" and article 12 of the Law of the Republic of Kazakhstan of July 4, 2003 "About state regulation and supervision of the financial market and the financial organizations" are drafted according to Articles 3, of 8, and determine conditions and procedure for state registration of release of Islamic securities (Islamic rent certificates and Islamic participation certificates), considerations of reports on results of placement and repayment of Islamic securities, and also assignments of national identification number to Islamic securities.

Chapter 1. State registration of release of Islamic securities

1. For state registration of release of Islamic securities the issuer represents to the state body exercising regulation and supervision of the security market (further - authorized body), the following documents:

1) the statement constituted in any form with indication of type of Islamic security;

2) the copy of the decision of body of the issuer on release of Islamic securities containing data on procedure for release, placement, the address and repayment of Islamic securities, uses of the means received by the issuer as a result of placement of Islamic securities, release amount, quantity and type of Islamic securities, nominal value of Islamic securities, circulation period of Islamic securities, the rights of holders of Islamic securities, the registrar and also about obligations (restrictions) assumed by the issuer;

3) the prospectus of release of Islamic securities approved with council on the principles of Islamic financing, in duplicate;

4) copies of charters of the issuer and originator;

5) the copy of the agreement signed between the issuer and originator determining accomplishment conditions originator of the obligations established by the legislation of the Republic of Kazakhstan on the security market and the prospectus of release of Islamic securities including obligations by the redemption or early repayment of Islamic participation certificates, and also the redemption of property from the issuer in the cases established by the prospectus of release of Islamic securities;

6) No. 109 is excluded according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 16.07.2014

7) No. 50 is excluded according to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of 29.03.2010

8) the copy of the property trust management agreement, constituting the allocated assets (in case of cession of property in trust management).

2. The prospectus of release of Islamic securities is constituted in duplicate on paper (in the state and Russian languages) in form according to appendix 1 to these rules and on the electronic medium in the state and Russian languages (without the financial reporting of the issuer) in the Acrobat Reader format. Each of two copies contains the prospectus of release of Islamic securities in the state and Russian languages.

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