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The document ceased to be valid since January 1, 2020 according to Item 1 of the Resolution of Board of National Bank of the Republic of Kazakhstan of November 19, 2019 No. 196

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of January 28, 2016 No. 22

About approval of Rules of broker activities of National Bank of the Republic of Kazakhstan

(as amended of the Resolution of Board of National Bank of the Republic of Kazakhstan of 28.12.2018 No. 324)

For the purpose of implementation of the Law of the Republic of Kazakhstan of November 24, 2015 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning the idle credits and assets of banks of the second level, rendering financial services and activities of the financial organizations and National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of broker activities of National Bank of the Republic of Kazakhstan.

2. To department of monetary transactions and asset managements (Moldabekova A. M.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal support department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction of this resolution in the republican state company on the right of economic maintaining "The republican center of legal information of the Ministry of Justice of the Republic of Kazakhstan":

on official publication in information system of law of Ad_let within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan;

for inclusion in the State register of regulatory legal acts of the Republic of Kazakhstan, Reference control bank of regulatory legal acts of the Republic of Kazakhstan within ten calendar days from the date of its obtaining by National Bank of the Republic of Kazakhstan after state registration in the Ministry of Justice of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication.

3. To department of the international relations and public relations (Kazybayev A. K.) provide the direction of this resolution on official publication in periodic printing editions within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Pirmatov G. O.

5. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the relations which arose since February 1, 2016.

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2016 No. 22

Rules of broker activities of National Bank of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of broker activities of National Bank of the Republic of Kazakhstan (further - Rules) are developed according to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" (further - the Law on National Bank) and determine procedure National Bank of the Republic of Kazakhstan (further - National Bank) broker activities in the financial market of the Republic of Kazakhstan.

2. Broker activities of National Bank in the financial market of the Republic of Kazakhstan are regulated and performed according to requirements of the Civil code of the Republic of Kazakhstan (General part) of December 27, 1994 and the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999 (further the Civil code), the Law on National Bank and the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" (further - the Law on the security market).

3. Broker activities of National Bank are meant as the activities directed to transactions with financial instruments according to the order for the account and for the benefit of the client.

4. In Rules the concepts provided by the Law on the security market and also the following concepts are used:

1) the stock exchange market - set of the relations with use of trade systems of the organizer of the biddings who performs organizational and technical supply of the biddings, by their direct carrying out;

2) the curb market - set of the relations of professional participants of the security market without use of trade systems of the organizer of the biddings;

3) settlement division - the division of National Bank perfroming calculations for financial instrument transactions;

4) investment revenue - the increments of assets in terms of money received as a result of their investment;

5) the client - the legal entity who signed with National Bank the agreement on rendering broker services according to the Law on the security market;

6) the order of the client - the request of the client containing specifying of the client on transaction with the financial instrument;

7) conflict of interest - situation in case of which interests of National Bank and its client do not match among themselves where the National Bank at the same time acts as both the broker and the party of the transaction with financial instruments;

8) trade division - the division of National Bank performing financial instrument transactions;

9) the foreign financial market - set of the relations developing in the course of transactions between residents of the Republic of Kazakhstan and nonresidents of the Republic of Kazakhstan according to the legislation of foreign state;

10) the domestic financial market - set of the relations developing in the course of transactions between residents of the Republic of Kazakhstan according to the legislation of the Republic of Kazakhstan.

Chapter 2. Conclusion of the contract on rendering broker services between National Bank and client

5. The agreement on rendering broker services is signed by National Bank with the client based on the resolution of Board of National Bank for the purpose of making of one or several interconnected transactions with financial instruments or for the purpose of broker customer service.

6. For the conclusion of the agreement on rendering broker services the prospective client submits to National Bank notarially attested document with specimen signatures of workers of the client, representatives on signing of the order of the client, in triplicate.

7. The agreement on rendering broker services is signed in writing according to requirements of the civil legislation of the Republic of Kazakhstan and the Law on the security market.

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