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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 26, 2013 No. 187

About approval of Rules of transfer of pension assets and obligations of the accumulation pension funds according to pension provision agreements in the single accumulation pension fund

(The last edition from 28-10-2016)

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 transfer of pension assets and obligations of the accumulation pension funds according to pension provision agreements in the single accumulation pension fund (further - Rules).

2. To provide to "Single Accumulation Pension Fund" joint-stock company, the accumulation pension funds, banks custodians of the accumulation pension funds, bank custodian of the single accumulation pension fund and the organizations exercising investment control of pension assets performing procedures, the pension assets and obligations of the accumulation pension funds provided by actions plans on transfer according to pension provision agreements.

3. To "Single Accumulation Pension Fund" joint-stock company and the accumulation pension funds no later than three working days after the terms provided by the schedule of reception-transmission of pension assets and obligations of the accumulation pension funds according to pension provision agreements to submit in National Bank of the Republic of Kazakhstan reports on accomplishment of the actions provided by Items 11, of 20, of 26, of 29 and 31 Rules.

4. This resolution becomes effective since September 1, 2013 and is subject to official publication.

Chairman of National Bank

G. Marchenko

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of July 26, 2013 No. 187

Rules of transfer of pension assets and obligations of the accumulation pension funds according to pension provision agreements in the single accumulation pension fund

These rules of transfer of pension assets and obligations of the accumulation pension funds according to pension provision agreements in the single accumulation pension fund (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" (further - the Law) and establish procedure for transfer to the single accumulation pension fund of pension assets and obligations of the accumulation pension funds according to pension provision agreements.

1. For the purposes of Rules the following concepts are used:

1) the schedule - the schedule of reception-transmission of pension assets and obligations of the accumulation pension funds according to pension provision agreements in the single accumulation pension fund;

2) the single accumulation pension fund - the legal entity performing activities for attraction of pension contributions and retirement benefits;

3) the accumulation pension fund - the legal entity performing activities for attraction of pension contributions and retirement benefits whose license is terminated according to Item 4 of article 73 of the Law;

4) the actions plan - the document determining actions for transfer to the single accumulation pension fund of pension assets and obligations of the accumulation pension fund for pension provision agreements, terms of their execution and responsible persons, and also the list of documents and information contributed by the accumulation pension fund to the single accumulation pension fund;

5) insurance company - the insurance company able the license of authorized body on state regulation, control and supervision of the financial market and the financial organizations on implementation of insurance activity for industry "life insurance";

6)  No. 22 is excluded according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 26.02.2014

7) authorized organization (further - the Center) - the Republican state state company created according to the decision of the Government of the Republic of Kazakhstan.

2. Transfer of pension assets and obligations of the accumulation pension funds according to pension provision agreements in the single accumulation pension fund is performed according to the schedule and drawn up by delivery-acceptance certificates of the pension assets and obligations constituted according to Items 11, of 20, of 26, of 29 and 31 Rules.

3. The schedule affirms the decision of the first head of National Bank of the Republic of Kazakhstan or his deputy and goes to the address of the single accumulation pension fund, the accumulation pension funds, bank - custodian of the single accumulation pension fund, banks - custodians of the accumulation pension funds, the organizations exercising investment control of pension assets, the trustee of pension assets of the single accumulation pension fund and Center within two working days from the date of its approval.

4. The schedule contains information about:

1) to date of its approval by the decision of the first head of National Bank of the Republic of Kazakhstan or his deputy;

2) start and end dates of terms of transfer by the accumulation pension funds (the organizations exercising investment control of pension assets) to the single accumulation pension fund of pension assets and agreement obligations about provision of pensions, including start and end dates of terms of transfer:

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