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The document ceased to be valid since  June 23, 2018 according to Item 3 of the Resolution of Board of National Bank of the Republic of Kazakhstan of April 27, 2018 No. 79

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 3, 2014 No. 7

About establishment of the prudential standard rate for the organizations exercising control of investment portfolio, approval of Rules of calculation of values of the prudential standard rate for the organizations exercising control of investment portfolio and modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning the security market

(as amended on 16-08-2019)

According to the laws of the Republic of Kazakhstan of July 2, 2003 "About the security market" of July 4, 2003, "About state regulation, control and supervision of the financial market and the financial organizations" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Establish for the organizations exercising control of the investment portfolio, the prudential standard rate "Coefficient of sufficiency of equity".

Value of coefficient of sufficiency of equity daily shall make at least 1.

2. Approve:

1) the enclosed Rules of calculation of values of the prudential standard rate for the organizations exercising control of investment portfolio according to appendix 1 to this resolution;

2) the enclosed List of regulatory legal acts of the Republic of Kazakhstan concerning activities in the security market to which changes and additions according to appendix 2 to this resolution are made.

3. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to appendix 3 to this resolution.

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

Chairman of National Bank

K. Kelimbetov

It is approved

Chairman of the Agency of the Republic of Kazakhstan according to the statistics

April 11, 2014

 

A. Smailov

Appendix 1

to the Resolution of Board of National Bank of the Republic of Kazakhstan of February 3, 2014 No. 7

Rules of calculation of values of the prudential standard rate for the organizations exercising control of investment portfolio

These rules of calculation of the prudential standard rate for the organizations exercising control of investment portfolio (further - Rules), are developed according to the laws of the Republic of Kazakhstan of July 2, 2003 "About the security market", of July 4, 2003 "About state regulation, control and supervision of the financial market and the financial organizations" and establish procedure of payments of the prudential standard rate "Coefficient of sufficiency of the equity" obligatory to observance by the organizations exercising control of investment portfolio (further - the managing director of investment portfolio).

Rules do not extend to the organizations exercising control of investment portfolio with the right of attraction of voluntary pension contributions.

The gold and exchange assets of National Bank of the Republic of Kazakhstan and assets of National fund of the Republic of Kazakhstan delivered in trust management are not considered when calculating the prudential standard rate of the organization exercising control of investment portfolio.

The regulations provided by Rules regarding affiliirovanny faces of the managing director of investment portfolio are not applied to the legal entities and their affiliirovanny persons which are affiliirovanny with managing investment portfolio as a result of direct (on banks - indirect) ownerships of twenty five and more percent of voting shares of the specified organizations by joint-stock company "National welfare fund "Samruk-Kazyna".

1. Procedure of payments of the prudential standard rate - "Coefficient of sufficiency of equity"

1. The coefficient of sufficiency of equity of the managing director of investment portfolio is calculated by formula:

To = (LA - About) / IDGC, where

LA - quick assets of the managing director of investment portfolio which are recognized liquid according to Item 5 of Rules;

About - the obligation on balance;

IDGC - the minimum size of equity of the managing director of investment portfolio taken into consideration of sufficiency of equity calculated according to Item 2 of Rules.

2. If:

the asset cost, accepted in management, constitutes less than 40 000 000 000 (forty billion) tenges, IDGC = 181 440 000 (hundred eighty one million four hundred forty thousand) tenges;

the asset cost, accepted in management, constitutes more than 40 000 000 000 (forty billion) tenges, IDGC = 181 440 000 (hundred eighty one million four hundred forty thousand) tenges + (APU - 40 000 000 000 (forty billion) tenges) * 0,0014,

where APU - the assets accepted in management.

The maximum value of IDGC shall not exceed 1 600 000 000 (one billion six hundred million) tenges.

3. In addition to rating estimates of the Standard & Poor agency "s National Bank of the Republic of Kazakhstan (further - authorized body) are also recognized rating estimates of the Moody agencies" to s Investors Service and Fitch, and their affiliated rating organizations (further - other rating agencies).

4. For the purposes of Rules international financial institutions are understood as the following organizations:

Asian Development Bank (Asian Development Bank);

African development bank (African Development Bank);

Development bank of the European Council (Council of Europe Development Bank);

Eurasian Development Bank;

European Bank for Reconstruction and Development (European Bank for Reconstruction and Development);

European Investment Bank (European Investment Bank);

Islamic corporation on private sector development (ICD);

Islamic development bank (Islamic Development Bank);

Inter-American Development Bank (Inter-American Development Bank);

International Development Association;

International Finance Corporation (International Finance Corporation);

International Bank for Reconstruction and Development (International Bank for Reconstruction and Development);

International Monetary Fund;

International Centre for Settlement of Investment Disputes;

Multilateral agency of guarantee of investments;

Scandinavian investment bank (Nordic Investment Bank).

5. As quick assets of the managing director of investment portfolio the following own assets are recognized the amounts provided by appendix to Rules:

1) money, including:

money in cash desk, no more than ten percent from the amount of assets on balance of the managing director of investment portfolio;

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