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The document ceased to be valid since  September 1, 2019 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of August 19, 2019 No. 131

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 24, 2012 No. 84

About establishment of Requirements to the shares acquired by banks, the affiliated organizations of bank or bank holding (to shares in the authorized capital) legal entities, and also aggregate value of shares of bank in the authorized capital or shares of legal entities

(as amended on 27-03-2017)

According to the Law of the Republic of Kazakhstan of December 28, 2011 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning banking regulation and the financial organizations regarding risk minimization" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Determine that:

1) banks of the second level, the affiliated organizations of banks or bank holdings acquire shares of legal entities in case of their compliance to the following requirements:

shares of legal entities - nonresidents of the Republic of Kazakhstan, are in free circulation on the international stock exchanges specified in appendix to this resolution;

shares of the legal entities recognized by the resident organizations of the Republic of Kazakhstan according to requirements of Item 3 of article 22-1 of the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" are included in the official listing of stock exchange;

shares of legal entities - residents of the Republic of Kazakhstan are in the representative list of the stock exchange index;

shares of legal entities - residents of the Republic of Kazakhstan are included in the official listing of stock exchange;

2) the affiliated organizations of banks or bank holdings acquire shares in the authorized capital of the legal entities determined in subitems 1) and 2) of Item 3 of article 8 of the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" (further - the Law on banks);

3) the extent of aggregate value of shares of bank in the authorized capital or shares of the legal entities specified in the subitem 1) of Item 3 of article 8 of the Law on banks constitutes no more than 50 (fifty) percent of the size of equity of bank.

1-1. In addition to shares, the stipulated in Item 1 this resolution, the affiliated organizations of bank or bank holding acquire:

shares of the legal entities performing depository activity or activities for the organization of the biddings in the security market;

shares of legal entities - residents of the Republic of Kazakhstan, the sectors of "share" of the Main platform included in category "standard" and the sector of "share" of the Alternative platform of the official listing of stock exchange by which the affiliated organization of bank and bank holding performs functions of the market maker.

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

Chairman of National Bank

G. Marchenko

Appendix

to the Resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 84

List of the international stock exchanges

1. Austrian stock exchange (Wiener bourse AG);

2. American Stock Exchange;

3. Bombay stock exchange (The Bombay Stock Exchange Limited, BSE);

4. Brazil stock Bovespa;

5. Warsaw Stock Exchange;

6. Hong Kong Exchanges and Clearing;

7. The European stock exchange "Evronekst" in Amsterdam (Euronext Amsterdam);

8. The European stock exchange "Evronekst" in Brussels (Euronext Brussels);

9. The European stock exchange "Evronekst" in Lisbon (Euronext Lisbon);

10. The European stock exchange "Evronekst" in Paris (Euronext Paris);

11. Indian stock exchange (Delhi Stock Exchange);

12. Irish Stock Exchange;

13. Borsa Italiana SPA;

14. London Stock Exchange;

15. Malaysian stock exchange (Bursa Malaysia);

16. Mexican stock exchange (Bolsa Mexicana de Valores, BMV);

17. National stock exchange of India (National Stock Exchange of India Limited);

18. German stock exchange (Deutsche bourse AG);

19. New York Stock Exchange;

20. Joint stock exchange of Spain (VME Spanish Exchanges);

21. The joint stock exchange which part the exchanges of Stockholm, Helsinki, Tallinn and Riga are (Hex Integrated Markets Ltd.);

22. Singapore Exchange;

23. Istanbul Stock Exchange;

24. Stockholm Exchange;

25. Tokyo Stock Exchange;

26. Philippine stock exchange (Philippine Stock Exchange);

27. Stock exchange of Australia (Australian Stock Exchange);

28. Stock exchange of Athens (Athens Exchange);

29. Jakarta Stock Exchange;

30. Stock exchange of Johannesburg (South Africa) (JSE Securities Exchange South Africa);

31. Copenhagen Stock Exchange;

32. Stock exchange of Luxembourg (Bourse de Luxembourg);

33. Stock exchange of Malta (Malta Stock Exchange);

34. Stock exchange of Montreal (Bourse de Montreal);

35. Stock exchange of New Zealand (New Zealand Exchange);

36. Stock exchange of Osaka (Osaka Securities Exchange);

37. Oslo bourse;

38. Stock exchange of the Russian Federation (JSC MICEX-RTS);

39. Stock exchange of the USA (National Association of Securities Dealers Automated Quotation, NASDAQ);

40. Toronto Stock Exchange;

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