RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of January 28, 2016 No. 23

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

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 dealer 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.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2016 No. 23

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

Chapter 1. General provisions

1. These rules of dealer 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 of dealer activities by National Bank of the Republic of Kazakhstan (further – National Bank) in the financial market of the Republic of Kazakhstan.

Dealer 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, the laws of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" (further – the Law on banks) and of July 2, 2003 "About the security market" (further – the Law on the security market).

2. Dealer activities of National Bank are meant as the activities directed to making of transactions and the conclusion of transactions with financial instruments on behalf of National Bank within realization of the state monetary policy of the Republic of Kazakhstan (further – monetary policy) and ensuring stability of financial system of the Republic of Kazakhstan.

3. Rules do not extend to the transactions made by National Bank for the purpose of investment asset management in foreign currency and precious metals and also liquidity risk managements, credit and system risks in interbank money transfer system through provision of additional liquidity by National Bank to users of interbank money transfer system by the conclusion of transactions on security purchase with the return sale.

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

1) the quotation – the price (rate, interest rate) of the financial instrument;

2) security transactions – the transactions of the public market including purchase or/and security sale, transactions of direct and return repo;

3) the interbank market – set of the relations arising when implementing transactions on purchase or/and sale of foreign currency, securities, payment documents in foreign currencies in the unorganized market;

4) 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;

5) currency – monetary units of the Republic of Kazakhstan and foreign states (legal tender currencies);

6) currency transaction – purchase or/and sale of currency in the stock and interbank market;

7) the foreign exchange market – set of the relations arising when implementing transactions on purchase and/or sale of foreign currency, payment documents in foreign currencies in the interbank or exchange markets;

8) value date – day of implementation of payment under the concluded bargain;

9) deposit auction – form of the biddings in case of which the counterpartner submits the application for placement of deposits (bank deposits) in National Bank;

10) settlement division – the division of National Bank perfroming calculations for monetary policy transactions;

11) the working day – period of time during which the financial organizations of the Republic of Kazakhstan are open for carrying out transactions with cash foreign currency;

12) the counterpartner – the participant of the transaction with National Bank;

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