Document from CIS Legislation database © 2003-2024 SojuzPravoInform LLC

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 24, 2012 No. 62

About approval of Rules of making by bank or bank holding of transactions with the own bonds and bonds issued by the affiliated organizations of this bank or bank holding on which obligations are guaranteed by bank or bank holding

(as amended on 27-08-2018)

According to the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of making by bank or bank holding of transactions with the own bonds and bonds issued by the affiliated organizations of this bank or bank holding on which obligations are guaranteed by bank or bank holding.

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

Chairman of National Bank

G. Marchenko

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 80

Rules of making by bank or bank holding of transactions with the own bonds and bonds issued by the affiliated organizations of this bank or bank holding on which obligations are guaranteed by bank or bank holding

These rules are developed according to the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" (further - the Law) and determine procedure for making by bank or bank holding of transactions with the own bonds and bonds issued by the affiliated organizations of this bank or bank holding on which obligations are guaranteed by bank or bank holding.

1. The decision on making by bank or bank holding of transactions with own bonds and bonds issued by the affiliated organizations of this bank or bank holding on which obligations are guaranteed by bank or bank holding is accepted by the board of directors of bank or bank holding (or the supervisory board in case of creation of bank holding in form of business of limited liability partnership) according to internal documents. In the decision the price and amount of bonds acquisition is specified.

2. The conclusion of division on risk management in which assessment of line item of bank on risk of loss of liquidity and interest risk after bonds acquisition, and also observance of other requirements of domestic policy and the procedures approved by the board of directors of bank is specified is attached to the solution of the board of directors of bank.

3. The conclusion of division on risk management in which assessment of line item of bank holding on the risk connected with investments and also influence of the made investments on observance of prudential standard rates by banking conglomerate, stipulated in Item 3 articles 42 of the Law is specified is attached to the solution of the board of directors of bank holding (or the supervisory board in case of creation of bank holding in form of business of limited liability partnership).

4. Transactions on bonds acquisition are performed on the fair market price which developed for date of bonds acquisition.

5. Information on own bonds and bonds of the affiliated organizations of this bank or bank holding acquired by bank or bank holding on which obligations are guaranteed by bank or bank holding (further - information) is constituted on paper in the form established by internal documents of bank or bank holding signed by the first head of bank or bank holding or person authorized on signing of information the chief accountant of bank or bank holding and stored in bank or bank holding within 5 (five) years from the date of creation of this information.

6. No. 23) is excluded according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 28.01.2017

 

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.