RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 26, 2013 No. 201

About approval of Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors (receivers)

According to the Law of the Republic of Kazakhstan of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors (receivers).

2. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the relations which arose since August 22, 2013.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of July 26, 2013 No. 201

Rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors (receivers)

These rules of accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors (receivers) (further - Rules) are developed according to the Law of the Republic of Kazakhstan of June 21, 2013 "About provision of pensions in the Republic of Kazakhstan" and determine procedure for accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors in the single accumulation pension fund (further - ENPF), and also accounting of pension accruals at the expense of voluntary pension contributions on individual retirement accounts of investors in the Voluntary accumulation pension funds (further - DNPF).

1. Accounting of pension accruals at the expense of compulsory pension contributions, compulsory professional pension contributions and voluntary pension contributions on individual retirement accounts of investors includes opening of the individual retirement account to the investor (receiver), accounting of pension accruals on individual retirement accounts of investors (receivers), and also closing of the individual retirement account.

2. The bases for opening of the individual retirement account are:

on accounting of compulsory pension contributions - the lists of physical persons represented by agents to ENPF in case of the transfer of compulsory pension contributions according to the procedure determined by the order of the Government of the Republic of Kazakhstan of October 18, 2013 No. 1116 "About approval of Rules and terms of calculation, deduction (charge) and transfer of compulsory pension contributions, compulsory professional pension contributions in the single accumulation pension fund and penalties by them";

on accounting of compulsory professional pension contributions - the statement of the agent on payment of compulsory professional pension contributions (further - the agent) and physical person for which compulsory professional pension contributions, in the form approved by the internal document ENPF which is placed on the ENPF Internet resource are listed;

on accounting of voluntary pension contributions - the pension provision agreement at the expense of voluntary pension contributions signed by ENPF and (or) DNPF, on the one hand, and the investor of the pension contributions, on the other hand, brought by the investor on the initiative in ENPF and (or) DNPF for benefit of the receiver of retirement benefits and also transfer of voluntary pension accruals of investors (receivers) to ENPF in case of voluntary return or deprivation of DNPF of the license for management of investment portfolio with the right of attraction of voluntary pension contributions or by voluntary reorganization of DNPF in the form of accession.

3. At the same time ENPF and DNPF perform registration of individual retirement accounts of investors (receivers) electronically.

4. Individual retirement accounts of investors (receivers) are operated in tenge separately by types of pension contributions (compulsory pension contributions, compulsory professional pension contributions, voluntary pension contributions) and open:

on accounting of compulsory pension contributions - in day of receipt in ENPF of primary amount of compulsory pension contributions;

on accounting of compulsory professional pension contributions - in day of acceptance of ENPF of the statement of the agent and physical person for which compulsory professional pension contributions are listed, constituted in the form approved by the internal document ENPF;

on accounting of voluntary pension contributions - in day of the conclusion of the pension provision agreement at the expense of voluntary pension contributions.

5. The structure of the individual retirement account contains the following obligatory data: 

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