RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 16, 2009 No. 63

For the purpose of strengthening of financial stability and increase in overall performance of legal entities which exclusive type of activity is the organization of exchange transactions with cash foreign currency (further - authorized organizations), the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the minimum size of the authorized capital of authorized organizations created in cash:

1) since October 1, 2009 in the amount of 3 000 000 (three million) Kazakhstani tenge;

2) since April 1, 2010 in the amount of 5 000 000 (five million) Kazakhstani tenge for authorized organizations with the location in the administrative centers of areas, and also in the cities of Astana and Almaty.

2. When opening by authorized organizations more than one exchange point their authorized capital created in cash shall be increased by each again opened exchange point:

1) since October 1, 2009 for 600 000 (six hundred thousand) Kazakhstani tenge;

2) since April 1, 2010 for 1 000 000 (one million) Kazakhstani tenge in case of opening of exchange points by authorized organizations with the location in the administrative centers of areas, and also in the cities of Astana and Almaty.

3. To authorized organizations:

1) till October 1, 2009 to bring the authorized capital into accord with requirements of the subitem 1) of Item 1 and the subitem 1) of Item 2 of this resolution;

2) till April 1, 2010 to bring the authorized capital into accord with requirements of the subitem 2) of Item 1 and the subitem 2) of Item 2 of this resolution.

4. From the date of enforcement of this resolution to declare invalid the resolution of Board of National Bank of the Republic of Kazakhstan of September 24, 2007 No. 112 "About the minimum size of the authorized capital of legal entities whose exclusive type of activity is the organization of exchange transactions with foreign currency", registered in the Register of state registration of regulatory legal acts at No. 4962, published on October 24, 2007 in the Yuridicheskaya Gazeta newspaper No. 163 (1366).

5. This resolution becomes effective after twenty one days after day of its first official publication.

6. To department of paying balance and currency control (N.N.'s Dyugay):

1) together with Legal department (Sharipov S. B.) 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 central office, territorial branches of National Bank of the Republic of Kazakhstan and Consolidation of legal entities "The association of financiers of Kazakhstan".

7. To department of organizational work, external and public relations (Terentyev A. L.) in three-day time from the date of obtaining from Department of paying balance and currency control of the request for publication to take measures to publication of this resolution in mass media of the Republic of Kazakhstan.

8. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Akishev D. T.

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