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The document ceased to be valid since  March 7, 2017 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 304

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 24, 2012 No. 98

About establishment of Requirements to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) legal entities, and also the list of bonds of the international financial institutions and financial instruments (except for shares and shares in the authorized capital) acquired by insurance holdings and the insurance (reinsurance) organizations

(as amended on 28-01-2016)

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:

Establish:

1) the Insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings acquire shares (shares in the authorized capital) legal entities in case of compliance of the acquired shares (shares in the authorized capital) legal entities to the following requirements:

shares of legal entities - nonresidents of the Republic of Kazakhstan are included in the list of the stock exchanges specified in appendix 1 to this resolution;

shares of legal entities - residents of the Republic of Kazakhstan are included in the first category of the sector of "share" of the official listing of stock exchange provided by the resolution of Board of National Bank of the Republic of Kazakhstan of October 22, 2014 No. 189 "About approval of Requirements to the issuers and their securities allowed (allowed) to the address on the stock exchange, and also to separate categories of the list of stock exchange", registered in the Register of state registration of regulatory legal acts at No. 9871 (further - the resolution No. 189).

The insurance (reinsurance) organizations acquire shares (shares in the authorized capital) legal entities with use of services of the professional participants of the security market having licenses for implementation of broker and dealer activities or activities for management of investment portfolio;

2) Insurance holdings acquire bonds of the international financial institutions specified in appendix 2 to this resolution;

3) Insurance holdings, the insurance (reinsurance) organizations acquire the financial instruments (except for shares and shares in the authorized capital) specified in appendix 3 to this resolution.

The insurance (reinsurance) organizations acquire securities (except for shares and shares in the authorized capital) with use of services of the professional participants of the security market having licenses for implementation of broker and dealer activities or activities for management of investment portfolio.

2. 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 24, 2012 No. 98

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;

41. Stock exchange of Switzerland (SWX Swiss Exchange);

42. Frankfurt Stock Exchange;

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