RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 24, 2012 No. 95

About approval of Rules of issue of consent to appointment (election) of leading employees of the financial organizations, bank, insurance holdings and the list of the documents necessary for receipt of consent

For the purpose of enhancement of the regulatory legal acts regulating procedure for coordination of leading employees of the financial organizations, bank, insurance holdings, the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve Rules of issue of consent to appointment (election) of leading employees of the financial organizations, bank, insurance holdings and the list of the documents necessary for receipt of consent.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to appendix to this resolution.

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

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 95

Rules of issue of consent to appointment (election) of leading employees of the financial organizations, bank, insurance holdings and list of the documents necessary for receipt of consent

These rules of issue of consent to appointment (election) of the leading financial organizations, bank, insurance holdings and the list of the documents necessary for receipt of consent (further - Rules) are developed according to the laws of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" (further - the Law on banks), of December 18, 2000 "About insurance activity" (further - the Law on insurance activity), of May 13, 2003 "About joint-stock companies" (further - the Join-stock companies law), of July 2, 2003 "About the security market" (further - the Law on the security market), of July 4, 2003 "About state regulation, control and supervision of the financial market and the financial organizations", of February 28, 2007 "About financial accounting and the financial reporting" (further - the Law on financial accounting), of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan" (further - the Law on provision of pensions).

Rules establish procedure for issue of consent by authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) on appointment (election) of leading employees of the banks, insurance (reinsurance) organizations, insurance brokers, the single accumulation pension fund, Voluntary accumulation pension funds, the legal entities who are applying for receipt of the license or having licenses for implementation of activities in the security market, the central depositary and the single registrar (further - the financial organization), bank, insurance holdings (further - holding) and the list of the documents necessary for receipt of consent.

The procedure for issue of consent to appointment (election) of leading employees of the financial organizations, holdings includes:

consideration of documents;

coordination with the invitation for passing of testing or without invitation;

issue of consent or refusal.

1. General provisions

1. The authorized body issues consent to appointment (election) (further - coordination) the candidate for leading employee position of the financial organization, holding (further - the candidate) which conforms to requirements, the stipulated in Clause 20 Laws on banks, article 34 of the Law on insurance activity, the subitem 20) of article 1, item 4 of Article 54, Item 2 of Article 59 of the Join-stock companies law, article 54 of the Law on the security market, article 9 of the Law on financial accounting, article 55 of the Law on provision of pensions and Rules.

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