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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 26, 2014 No. 24

About approval of Rules of implementation of accounting and assessment of pension assets

(as amended on 17-02-2021)

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 implementation of accounting and assessment of pension assets.

2. Declare invalid the resolution of Board of National Bank of the Republic of Kazakhstan of July 26, 2013 No. 186 "About approval of Rules of implementation of accounting and assessment of pension assets" (registered in the Register of state registration of regulatory legal acts at No. 8691, published on October 1, 2013 in the Yuridicheskaya Gazeta newspaper No. 147 (2522).

3. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the relations which arose since August 23, 2013.

Chairman of National Bank

K. Kelimbetov

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of February 26, 2014 No. 24

Rules of implementation of accounting and assessment of pension assets

1. General provisions

1. Rules of implementation of accounting and assessment of pension assets (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 determine accounting treatment and estimates of pension assets.

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

1) book value of shares - the share value determined based on the financial reporting of the issuer of these shares according to the stock exchange rules approved with authorized body;

2) the appraiser - the organization performing activities for property assessment based on licenses (except for intellectual property items, the cost of intangible assets) and (or) assessment of intellectual property, cost of intangible assets;

3) nominal value of the debt financial instrument - the monetary value of cost of the debt financial instrument determined in case of its release on which the remuneration expressed as a percentage, and also the amount which is subject to payment to the holder of the debt financial instrument in case of its repayment is charged. Nominal value of the debt financial instrument is determined based on the prospectus of release of this debt financial instrument;

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

5) the managing director of investment portfolio (further - UIP) - the professional participant of the security market performing on its own behalf, in interests and at the expense of pension assets activities for management of investment portfolio based on the license according to the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market", and also conforming to requirements of authorized body for implementation of trust management of pension assets;

6) current value of the financial instrument - the cost of the financial instrument reflected in financial accounting, including principal debt, the added remuneration, unamortized award (discount), positive (negative) value adjustment, reserves (provisions);

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