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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 29, 2016 No. 61

About approval of Rules of realization of the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals

According to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of January 14, 2016 "About precious metals and gemstones" for the purpose of enhancement of procedure for realization by National Bank of the Republic of Kazakhstan of the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of realization of the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals.

2. Recognize invalid:

1) the resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2012 No. 241 "About approval of Rules of realization of the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals" (registered in the Register of state registration of regulatory legal acts at No. 7955, published on November 14, 2012 in the Kazakhstanskaya Pravda newspaper No. 394-395 (27213-27214);

2) the resolution of Board of National Bank of the Republic of Kazakhstan of February 3, 2014 No. 12 "About introduction of amendments to the resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2012 No. 241 "About approval of Rules of realization of the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals" (registered in the Register of state registration of regulatory legal acts at No. 9178, published on March 13, 2014 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".

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

1) together with Legal 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 five working 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 management on consumer protection of financial services and external communications (Terentyev A. L.) 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.

Chairman of National Bank

D. Akishev

It is approved

Ministry for Investments and Development of the Republic of Kazakhstan

Minister

March 24, 2016

 

 

___________________ A. Isekeshev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of February 29, 2016 No. 61

Rules of realization of the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals

1. General provisions

1. These rules of realization of the priority right of the state to acquisition of the affined gold in precious metals (further - Rules) are developed for replenishment of assets according to the laws of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", of January 14, 2016 "About precious metals and gemstones" (further - the Law on precious metals and gemstones) and determine procedure for realization by National Bank of the Republic of Kazakhstan (further - National Bank) the priority right of the state to acquisition of the affined gold for replenishment of assets in precious metals (further - the priority right).

2. Assets in precious metals for which replenishment the affined gold is acquired are component of gold and exchange assets of National Bank.

2. The basic concepts used in Rules

3. For the purpose of Rules the following concepts are used:

1) the affined gold - the gold received as a result of refining and presented in the form:

ingots of production of the State Parties of the Eurasian Economic Union conforming to the established requirements in the State Parties of the Eurasian Economic Union or to the international standards accepted by the London association of the market of precious metals (London bullion market association) and designated in documents of this association as the London High-quality Delivery standard ("London good delivery");

the ingots of foreign production made, kleymenny and certified according to the legislation of country of source or international standards accepted by the London association of the market of precious metals (London bullion market association) and designated in documents of this association as the London High-quality Delivery standard ("London good delivery");

measuring ingots, plates, granules, powder and other forms, with content of chemically pure gold at least 995 parts on 1000, except for the products specified in table 3 of Section 2.10 of the Inventory concerning which the allowing procedure for import to customs area of the Eurasian Economic Union and (or) export from customs area of the Eurasian Economic Union which is appendix No. 2 to the Decision of Board of the Eurasian economic commission of April 21, 2015 No. 30 "About measures of non-tariff regulation" is established;

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