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The document ceased to be valid since April 17, 2020 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of March 19, 2020 No. 29

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of May 30, 2016 No. 126

About approval of Rules of the choice of external asset managers of National fund of the Republic of Kazakhstan

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan", and also with the resolution of Board of National Bank No. 65 of July 25, 2006 "About approval of Rules of implementation of investment transactions of National fund of the Republic of Kazakhstan" (registered in the Register of state registration of regulatory legal acts at No. 4361) Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of the choice of external asset managers of National fund of the Republic of Kazakhstan.

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

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

 

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of May 30, 2016 No. 126

Rules of the choice of external asset managers of National fund of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of the choice of external asset managers of National fund 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 also with the resolution of Board of National Bank of the Republic of Kazakhstan No. 65 of July 25, 2006 "About approval of Rules of implementation of investment transactions of National fund of the Republic of Kazakhstan", registered in the Register of state registration of regulatory legal acts at No. 4361, (further - Rules of implementation of investment transactions of Fund) and regulate general procedure and conditions of transfer of assets of National fund of the Republic of Kazakhstan (further - Fund) in external or external transit management to foreign banks and the specialized organizations for asset management.

2. 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 regional mandate - portfolio which investments are concentrated within one country (the market, the region);

2) active asset management - type of management in case of which value of variability of variation of profitability (tracking error) exceeds 0,5 (zero the purposes five tenth) percent;

3) passive asset management - type of management in case of which value of variability of variation of profitability (tracking error) does not exceed 0,5 (zero whole five tenth) percent. Under passive management portfolio return is approximately equal in external management to profitability of benchmark portfolio;

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