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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 13, 2012 No. 38

About approval of requirements to implementation of investment of the money which is part of the allocated assets, and the list of the financial instruments permitted to acquisition at the expense of the allocated assets in case of project financing and securitization

(as amended on 02-11-2017)

According to the Law of the Republic of Kazakhstan of January 12, 2012 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning project financing" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Determine that the special finance company based on the contract with the professional participant of the security market having license for activities on management of investment portfolio performs investment of the allocated assets and money which are part of the allocated assets, the following financial instruments:

1) the debt securities included in the official listing of stock exchange and conforming to Requirements to the issuers and their securities allowed (allowed) to the address on the stock exchange, and also to the separate categories of the list of stock exchange approved by the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 54, registered in the Register of state registration of regulatory legal acts at No. 15175 (further - Requirements No. 54);

2) the shares included in the official listing of stock exchange and conforming to the requirements provided by the Requirement No. 54;

3) the government securities of the Republic of Kazakhstan (including issued in the territory of foreign state) issued by the Ministry of Finance of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan and also the securities issued under guarantee of the Government of the Republic of Kazakhstan;

4) securities of issuers - nonresidents of the Republic of Kazakhstan, addressing on the foreign stock exchanges;

5) deposits in banks of the second level of the Republic of Kazakhstan, in case of compliance to one of the following conditions:

banks have long-term credit rating not below "VV-" on the international scale of the agency of "Standard & Poor" of s", or rating assessment of similar level of one of other rating agencies, or rating assessment not below "kzBB" on national scale of "Standard & Poor" s";

banks are affiliated resident banks which parent nonresident bank has long-term credit rating on the international scale of the agency of "Standard & Poor" of s" not below "And -" or rating assessment of similar level of one of other rating agencies;

6) the debt securities issued by the following international financial institutions:

International Bank for Reconstruction and Development;

European Bank for Reconstruction and Development;

Inter-American Development Bank;

International settlements bank;

Asian Development Bank;

African development bank;

International Finance Corporation;

Islamic development bank;

European Investment Bank;

Eurasian Development Bank;

Development bank of the European Council;

Scandinavian investment bank;

7) the securities having the status state, issued by the central governments of the foreign states having sovereign rating is not lower than "VVV-" on the international scale of the agency of "Standard & Poor" of s" or the rating of similar level of one of other rating agencies;

8) the affined precious metals conforming to the international standards of quality accepted by the London association of the market of precious metals (London bullion market association) and designated in documents of this association as the London High-quality Delivery standard ("London good delivery");

9) infrastructure bonds of the organizations of the Republic of Kazakhstan;

10) derivative financial instruments and derivative securities which underlying asset are:

foreign and national currency;

currency indexes;

the affined precious metals conforming to the international standards of quality accepted by the London association of the market of precious metals (London bullion market association) and designated in documents of this association as the London High-quality Delivery standard ("London good delivery");

the securities included in the official listing of stock exchange and conforming to the requirements provided by Requirements No. 54;

settlement indicators (indexes) determined in the List of settlement indicators (indexes) according to appendix 1 to this resolution;

the commodity assets determined in the List of commodity assets according to appendix 2 to this resolution without implementation of physical delivery of the specified commodity assets, and also indexes on commodity assets;

11) own bonds issued by special finance company according to article 18-4 of the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market".

2. Declare invalid 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 25, 2006 No. 89 "About approval of the list of financial instruments for investment of temporarily free receipts on the allocated assets of special finance company" (registered in the Register of state registration of regulatory legal acts at No. 4190).

3. This resolution becomes effective after ten calendar days after day of its first official publication.

Chairman of National Bank

G. Marchenko

Appendix 1

to the Resolution of Board of National Bank of the Republic of Kazakhstan of February 13, 2012 No. 38

List of settlement indicators (indexes)

1. MICEX (Moscow Interbank Currency Exchange Index)

2. DAX (Deutscher Aktienindex)

3. CAC 40 (Compagnie des Agents de Change 40 Index)

4. NIKKEI - 225 (NIKKEI - 225 Index)

5. TOPIX (Tokyo Price Index)

6. HSI (Hang Seng Index)

7. ENXT 100 (Euronext 100)

8. RTSI (Russian Trade System Index)

9. DJIA (Dow Jones Industrial Average)

10. S&P 500 (Standard and Poor "s 500 Index)

11. FT-SE 100 (Financial Times Stock Exchange 100 Index)

12. KASE (Kazakhstan Stock Exchange Index)

13. MSCI World Index (Morgan Stanley Capital International World Index)

Appendix 2

to the Resolution of Board of National Bank of the Republic of Kazakhstan of February 13, 2012 No. 38

List of commodity assets

1. Oil and oil products

2. Natural gas and gas condensate

3. Non-ferrous metals

4. Ferrous metals

5. Grain and grain products

6. Coal and coke

7. Sugar

8. Cotton

9. Electric power

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

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