PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of December 31, 2015 No. 160

About approval of the Regulations on Council for management of the International financial center "Astana" and its structure

According to item 4 of article 10 of the Constitutional law of the Republic of Kazakhstan "About the international financial center "Astana" POSTANOVLYAYU:

1. Create Council for management of the International financial center "Astana".

2. Approve the enclosed Provisions and structure of Council for management of the International financial center "Astana".

3. This Decree becomes effective from the date of signing.

Appendix

to the Presidential decree of the Republic of Kazakhstan of December 31, 2015 No. 160

Regulations on Council for management of the International financial center "Astana" and its structure

1. General provisions

1. Council on management of the International financial center "Astana" (further - Council) is the permanent collegiate organ headed by the President of the Republic of Kazakhstan. Council is the supreme body of management of the International financial center "Astana" (further - the Center).

2. In the activities Council is guided by the Constitution of the Republic of Kazakhstan, the Constitutional law of the Republic of Kazakhstan "About the International financial center "Astana" and this Provision.

3. Working body of Council is the joint-stock company "Administration of the International financial center "Astana" (further - Working body).

2. Tasks of Council

4. The main objectives of Council are:

1) determination of strategic directions of development of the Center;

2) assistance in creating favorable conditions for forming of the leading international center of financial services.

3. Functions of Council

5. For accomplishment of the tasks Council:

1) No. 567 is excluded according to the Presidential decree of the Republic of Kazakhstan of 20.10.2017;

2) No. 567 is excluded according to the Presidential decree of the Republic of Kazakhstan of 20.10.2017;

3) No. 567 is excluded according to the Presidential decree of the Republic of Kazakhstan of 20.10.2017;

4) No. 567 is excluded according to the Presidential decree of the Republic of Kazakhstan of 20.10.2017;

5) No. 567 is excluded according to the Presidential decree of the Republic of Kazakhstan of 20.10.2017;

6) No. 567 is excluded according to the Presidential decree of the Republic of Kazakhstan of 20.10.2017;

7) adopts acts of the Center in the form of resolutions for the questions carried to its competence in limits, stipulated in Item 3 articles 4 of the Constitutional law of the Republic of Kazakhstan "About the International financial center "Astana";

8) determines structure of bodies of the Center;

9) is appointed by management of Committee of the Center for regulation of financial services;

10) makes decisions on creation of other bodies for the purposes of the Center, determination of their form, competence and functions, and also their abolition or reorganization;

11) is determined power of general meeting of shareholders (the single shareholder) of Administration of the Center, the board of directors and board, by quantitative structure of the board of directors and board, procedure for their election and term of office of members, and also procedure for determination of amount of remuneration of board members and board;

12) is determined by structure of court, procedure for appointment and release of judges and other officials of court from position, qualification requirements to judges and officials of court and other questions concerning functioning of court of the Center;

13) determines bases of forming and functioning of the International arbitral center;

14) is approved by the annual statement about activities of the Center;

15) considers other questions within the competence and for the purpose of enhancement of activities of the Center.

5-1. Foreign members of council advance interests of the Center abroad and develop the relations with state bodies and the organizations of foreign states, the international financial centers, the international organizations, and also business communities, physical persons and legal entities in foreign states.

4. Rights of Council

6. According to the tasks Council has the right in the procedure established by the legislation of the Republic of Kazakhstan and within the competence:

1) to develop recommendations and to make offers;

2) to make relevant decisions on cases in point;

3) to interact with the central and local executive bodies, and also with other state bodies and the organizations of the Republic of Kazakhstan, to invite and hear their representatives, to request and receive required materials, to hold consultations;

To attract 4) to participation in discussion of problematic issues of entrepreneurs, specialists, scientists and independent experts;

To organize 5) temporarily both permanent expert and working groups.

5. Organization of activities of Council

7. The chairman of the board is the President of the Republic of Kazakhstan. The vice-chairman is the Prime Minister of the Republic of Kazakhstan.

During absence of the chairman of its function the deputy carries out.

8. The secretary of Council is appointed by Council.

9. Meetings of Council are conducted by the chairman of the board or according to its order the vice-chairman of Council.

10. Meetings of Council are considered competent if at them there are at least two thirds of total number of members of council.

11. Members of council participate in its meetings without the replacement right.

12. Meetings of Council are held at least two times a year. According to the decision of the chairman of the board, in case of need, emergency meetings of Council, including in absentia or by means of audio-and videoconferences can be held.

13. Decisions of Council are made by a simple majority vote from total number of the members of council who are present at meeting. In case of equality of votes on the discussed question, the voice of the chairman is decisive.

14. In case of disagreement with the made decision the member of council has the right to express the special opinion.

15. Following the results of meetings of Council the decisions which are drawn up by the protocol are made.

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