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The document ceased to be valid since March 1, 2018 according to Item 3 of the Resolution of Board of National Bank of the Republic of Kazakhstan of November 29, 2017 No. 234

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of June 28, 2013 No. 141

About establishment of rating agencies and the minimum required rating for bonds with which banks can perform transactions

(as amended on 17-07-2015)

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. Determine that banks of the second level (further - banks) perform transactions of purchase and sale with the following securities:

the bonds of foreign issuers having rating is not lower "In" (on classification of Standard & Poor rating agencies "s and (or) Fitch) or not below "B2" (on classification of Moody rating agency" than s Investors Service);

the bonds of issuers of the Republic of Kazakhstan having rating is not lower "In" (on classification of Standard & Poor rating agencies "s and (or) Fitch) or not below "B2" (on classification of Moody rating agency" than s Investors Service), or rating assessment of similar level on national scale of the above-stated rating agencies. For the purposes of this paragraph of the bond of issuers of the Republic of Kazakhstan, being the organizations, more than 50 (fifty) percent of shares in the authorized capital or placed shares of which belong to the Government of the Republic of Kazakhstan, National Bank of the Republic of Kazakhstan or national managing holding, are recognized as the bonds of issuers of the Republic of Kazakhstan having the sovereign rating of the Republic of Kazakhstan;

the government securities of the countries having sovereign long-term rating in foreign currency not below "VVV-" (on classification of Standard & Poor rating agencies "s and (or) Fitch) or Vaaz is not lower (on classification of Moody rating agency" s Investors Service).

2. Determine that banks can perform broker and (or) dealer activities with government securities of the countries having sovereign long-term rating in foreign currency not below "VVV-" (on classification of Standard & Poor rating agencies "s and (or) Fitch) or Vaaz (on classification of Moody rating agency" is not lower than s Investors Service).

3. In the presence at bank on Date of Introduction in operation of this resolution of securities, non-compliant to the requirements Items 1 and 2 of this resolution, bank can perform sale of the specified securities, and also according to accounting policy to make transfer of these securities to category "the financial instruments withheld before repayment" in the cases which are not contradicting requirements of the International accounting standard (IAS) 39 "Financial instruments: recognition and measurement.

5. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the relations which arose since July 1, 2013.

Chairman of National Bank

G. Marchenko

 

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