RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of April 28, 2012 No. 168

About the minimum size of the authorized capital of the applicant (licensee)

According to the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" (further - the Law) the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Establish the minimum size of the authorized capital for the applicant on:

1) implementation of activities for management of investment portfolio with the right of attraction of voluntary pension contributions (the Voluntary accumulation pension fund) in the amount of 800 000 - the multiple size of the monthly settlement indicator established by the law on the republican budget for the corresponding financial year;

2) implementation of broker and (or) dealer activities with the right of account management of clients as the nominee holder in the amount of, not exceeding the requirement to the authorized capital, established in the Law of the Republic of Kazakhstan "About joint-stock companies" (further – the Law on the joint-stock company);

3) implementation of broker and (or) dealer activities without the right of account management of clients in form of business:

joint-stock company - in the amount of, not exceeding the requirement to the authorized capital, established in the Law on the joint-stock company;

limited liability partnerships - in the amount of, not exceeding the requirement to the authorized capital, established in the Law of the Republic of Kazakhstan "About partnerships with the limited and accessorial liability" (further – the Law on limited liability partnership);

4) implementation of activities for management of investment portfolio without the right of attraction of voluntary pension contributions in the amount of, not exceeding the requirement to the authorized capital, established in the Law on the joint-stock company;

5) combination of broker and (or) dealer activities with activities for management of investment portfolio without the right of attraction of voluntary pension contributions in the amount of, not exceeding the requirement to the authorized capital, established in the Law on the joint-stock company;

6) implementation of activities for the organization of trade with securities and other financial instruments in the amount of 500 000 - the multiple size of the monthly settlement indicator established by the law on the republican budget for the corresponding financial year;

7) implementation of clearing activities for transactions with financial instruments in the amount of 500 000 - the multiple size of the monthly settlement indicator established by the law on the republican budget for the corresponding financial year;

8) implementation transfer - agency activities by the professional participant of the security market created in form of business:

joint-stock company - in the amount of, not exceeding the requirement to the authorized capital, established in the Law on the joint-stock company;

limited liability partnerships - in the amount of, not exceeding the requirement to the authorized capital, established in the Law on limited liability partnership;

9) combination of activities for management of investment portfolio with the right of attraction of voluntary pension contributions with broker and (or) dealer activities in the amount of 800 000 - the multiple size of the monthly settlement indicator established by the law on the republican budget for the corresponding financial year.

2. No. 128 is excluded according to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of 28.12.2020

3. No. 128 is excluded according to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of 28.12.2020

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

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