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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of January 28, 2016 No. 21

About approval of Rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization

For the purpose of implementation of the Law of the Republic of Kazakhstan of November 24, 2015, 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 carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization.

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

3. 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.

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 of the Republic of Kazakhstan Pirmatov G. O.

6. 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. 21

Rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization

1. General provisions

1. These rules of carrying out by National Bank of the Republic of Kazakhstan of auctions within monetary policy realization (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 for carrying out by National Bank of the Republic of Kazakhstan (further – National Bank) auctions within realization of the state monetary policy of the Republic of Kazakhstan (further – monetary policy).

2. According to the monetary policy purposes for provision and withdrawal of liquidity the National Bank carries out the following types of auctions:

1) auction for security purchase with the return sale;

2) auction for security sale with repurchasing;

3) auction of short-term notes of National Bank;

4) deposit auction.

3. In Rules the concepts provided by the Civil code of the Republic of Kazakhstan (Special part) of July 1, 1999 and also the following concepts are used:

1) the participant of auction – the bank of the second level which is the bidder in the form of auction (further – auction) on security purchase with the return sale and auction for security sale with repurchasing, being the depositor of the central depositary;

2) day of execution of the transaction of security sale – day when the National Bank sells to the participant of auction securities;

3) day of execution of the transaction of security purchase – day when the National Bank buys securities from the participant of auction;

4) primary agent bank of the second level, the single accumulation pension fund, the national operator of mail service of the Republic of Kazakhstan, the organization, performing obligatory guaranteeing deposits, the state Social Insurance Fund, the organization specializing in improvement of quality of credit portfolios of banks of the second level and the organization performing the actions directed to construction of the building of the Reserve Center of National Bank;

5) the request with the competitive offer – the request of the participant of auction with indication of the price;

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