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The document ceased to be valid since  August 8, 2016 according to Item 1 of the Resolution of Board of National Bank of the Republic of Kazakhstan of August 8, 2016 No. 183

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 24, 2014 No. 243

About approval of Qualification requirements to auditing organizations for the admission of financial instruments on special trading floor of regional financial center of the city of Almaty

According to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and of June 5, 2006 "About regional financial center of the city of Almaty" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Qualification requirements to auditing organizations for the admission of financial instruments on special trading floor of regional financial center of the city of Almaty.

2. To the auditing organizations performing activities according to the qualification requirements approved by the resolution of Board of National Bank of the Republic of Kazakhstan of March 29, 2013 No. 87 "About approval of Qualification requirements to auditing organizations for the admission of financial instruments on special trading floor of regional financial center of the city of Almaty", registered in the Register of state registration of regulatory legal acts at No. 8462, to bring the activities into accord with requirements of this resolution within one month from the date of introduction it in action.

3. Declare invalid the resolution of Board of National Bank of the Republic of Kazakhstan of March 29, 2013 No. 87 "About approval of Qualification requirements to auditing organizations for the admission of financial instruments on special trading floor of regional financial center of the city of Almaty" (registered in the Register of state registration of regulatory legal acts at No. 8462, published on June 13, 2013 in the Yuridicheskaya Gazeta newspaper No. 86 (2461).

4. This resolution becomes effective after twenty one calendar days after day of its first official publication and extends to the relations which arose since January 1, 2015.

Chairman of National Bank

K. Kelimbetov

It is approved

Ministry of Finance of the Republic of Kazakhstan

January 29, 2015

 

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2014 No. 243

Qualification requirements to auditing organizations for the admission of financial instruments on special trading floor of regional financial center of the city of Almaty

1. These Qualification requirements to auditing organizations on special trading floor of regional financial center of the city of Almaty (further - Qualification requirements) are developed for the admission of financial instruments according to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of June 5, 2006 "About regional financial center of the city of Almaty" and establish qualification requirements to the auditing organizations performing financial records audit of issuers whose securities are assumed to inclusion or are included in the list of special trading floor of regional financial center of the city of Almaty (further - financial center), and also originator.

2. For carrying out financial records audit and information connected with the financial reporting originator and issuers, including issuers of underlying asset of depositary receipts which securities are assumed to inclusion or are included in the list of special trading floor of financial center, the auditing organization conforms to the following requirements:

1) availability of the conclusion of the professional auditing organization accredited by authorized state body in the field of auditor activities which confirms unconditional (with assessment "perfectly") observance of international standards of audit by auditing organization and the Code of ethics of the International federation of accountants by results of the carried-out external control of quality - for legal resident persons of the Republic of Kazakhstan;

2) availability of the conclusion of the professional auditing organization which is the member of the International federation of accountants or the conclusions of competent authority of the state which resident the auditing organization is which confirms (with assessment "perfectly") observance of international standards of audit by auditing organization and the Code of ethics of the International federation of accountants by results of the carried-out external control of quality - for legal nonresident persons of the Republic of Kazakhstan;

3) availability of the insurance contract of civil responsibility of auditing organization;

4) occupation auditor activities at least three years;

5) availability at least three auditors having qualification in the field of financial accounting and audit which is confirmed by notarially certified copy of the certificate of Associate Chartered Accountant (ACA), either Chartered Institute of Management Accountants (CIMA), or Association of Chartered Certified Accountants (ACCA), or Certified Public Accountant (CPA) and/or licenses, and also the documents confirming the status of the practicing specialist according to the legislation of country of source of the certificate and/or the license, or rules of the organization which issued the certificate and/or the license, and the copy of the document (documents) confirming (confirmatory) that this auditor is the employee of this auditing organization;

6) availability at least fifteen audit reports according to the financial reporting of the organizations constituted according to international accounting standards (IAS/IFRS) or accounting standards operating in the United States of America (GAAP) for the last 3 years with provision of copies of the audit reports certified by seal of auditing organization.

3. For carrying out financial records audit and information connected with the financial reporting, issuers (including underlying asset of depositary receipts) whose securities are assumed to inclusion or are included in the list of special trading floor of financial center on the second category of the sector of "share" (the underlying asset of depositary receipts and his issuer conform to requirements of the second category of the sector of the share), on categories "other debt securities" and "buffer category" of the sector "debt securities", on the sector "securities of investment funds", on the sector "Islamic securities", the auditing organization conforms to the following requirements:

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