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The document ceased to be valid since January 1, 2019 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of November 29, 2018 No. 298

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 19, 2015 No. 251

About approval of Rules of release, the address and repayment of Islamic securities of both their state registration, consideration of reports on results of placement and repayment, and cancellation of release of Islamic securities, and also Requirements to the prospectus of release of Islamic securities

According to the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve:

1) Rules of release, the address and repayment of Islamic securities and their state registration, consideration of reports on results of placement and repayment, and cancellation of release of Islamic securities according to appendix 1 to this resolution;

2) Requirements to the prospectus of release of Islamic securities according to appendix 2 to this resolution.

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

3. To department of supervision of subjects of the security market (Hadzhiyeva M. Zh.) in the procedure established by the legislation to provide:

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

2) the direction of this resolution on official publication in information system of law of Ad_let of 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" within ten calendar days after its 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.

4. 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.

5. To impose control of execution of this resolution on the vice-chairman of National Bank Smolyakov O. A.

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

Chairman of National Bank

D. Akishev

Appendix 1

to the Resolution of Board of National Bank of the Republic of Kazakhstan of December 19, 2015 No. 251

Rules of release, address and repayment of Islamic securities and their state registration, consideration of reports on results of placement and repayment, and cancellation of release of Islamic securities

1. These rules of release, the address and repayment of Islamic securities of both their state registration, consideration of reports on results of placement and repayment, and cancellation of release of Islamic securities (further - Rules) 24 and 32-3 Laws of the Republic of Kazakhstan of July 2, 2003 "About the security market" are drafted according to Articles 3, of 8, (further – the Law on RTsB) and determine conditions and procedure for release, the address and repayment of Islamic securities (Islamic rent certificates and Islamic participation certificates) and their state registration, including assignment of national identification number to Islamic securities, and also considerations of reports on results of placement and repayment, and cancellation of release of Islamic securities.

2. For state registration of release of Islamic securities the issuer represents to the authorized body performing regulation, control and supervision of the security market (further - authorized body) the following documents:

1) the statement constituted in any form with indication of type of Islamic security;

2) the copy of the decision of body of the issuer on release of Islamic securities containing data on procedure for release, placement, the address and repayment of Islamic securities, uses of the means received by the issuer as a result of placement of Islamic securities, release amount, quantity and type of Islamic securities, nominal value of Islamic securities, circulation period of Islamic securities, the rights of holders of Islamic securities and also about obligations (restrictions) assumed by the issuer;

3) the prospectus of release of Islamic securities approved with council on the principles of Islamic financing, in duplicate;

4) copies of charters of the issuer and originator;

5) the copy of the agreement signed between the issuer and originator determining accomplishment conditions originator of the obligations established by the legislation of the Republic of Kazakhstan on the security market and the prospectus of release of Islamic securities including obligations by the redemption or early repayment of Islamic participation certificates, and also the redemption of property from the issuer in the cases established by the prospectus of release of Islamic securities;

6) the copy of the property trust management agreement, constituting the allocated assets (in case of cession of property in trust management).

3. In case of compliance of the documents submitted by the issuer for state registration of release of Islamic securities, to requirements of the legislation of the Republic of Kazakhstan authorized body:

1) is registered by release of Islamic securities and grants to the issuer the certificate on state registration of release of Islamic securities in form according to appendix 1 to Rules;

2) is returned to the issuer by one copy of the prospectus of release of Islamic securities with mark of authorized body about its state registration.

4. For the purpose of modification and amendments of the prospectus of release of Islamic securities of authorized body by the issuer are represented:

1) the statement constituted in any form;

2) changes and amendments to the avenue of release of Islamic securities approved with council on the principles of Islamic financing, in duplicate in the Kazakh and Russian languages on paper, signed by the first head, the chief accountant, and certified by impress of a seal of the issuer (in the presence). Each of two copies contains changes and amendments to the avenue of release of Islamic securities in the Kazakh and Russian languages;

3) the prospectus of release of Islamic securities containing the changes made to it and additions (in the Kazakh and Russian languages) on the electronic medium in the PDF format without the financial reporting;

4) the copy of the decision of body of the issuer based on which changes and additions are made to the avenue of the release of Islamic securities containing reasons for need of increase in quantity of Islamic participation certificates (in case of release of Islamic participation certificates);

5) the original certificate about state registration of release of Islamic securities in case of change of the name of the issuer, its location, and also in case of increase in quantity of Islamic participation certificates;

6) the commitment letter of the issuer that as a result of modification and amendments of the prospectus of release of Islamic securities the rights of holders of Islamic securities are not violated;

7) in case of change of the location of the issuer (originator) - the copy of the charter.

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