RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of May 30, 2016 No. 127

About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of insurance activity

For the purpose of enhancement of regulatory legal acts of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of insurance activity to which changes are made (further - the List).

2. To department of insurance supervision (Kurmanov Zh. B.) 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.

3. 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.

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

5. This resolution becomes effective after ten calendar days after day of its first official publication, except for Items 6 and 15 of the List which becomes effective after twenty one calendar days after day of its first official publication.

Appendix

to the Resolution of Board of National Bank of the Republic of Kazakhstan of May 30, 2016 No. 127

The list of regulatory legal acts of the Republic of Kazakhstan concerning regulation of insurance activity to which changes are made

1. Ceased to be valid according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 29.10.2018 No. 270

2. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of February 16, 2004 No. 35 "About approval of the Instruction about requirements to procedure for carrying out internal audit of the insurance (reinsurance) organization" (registered in the Register of state registration of regulatory legal acts at No. 2752, the following change published on September 14, 2005 in the Yuridicheskaya Gazeta newspaper No. 168):

in the Instruction about requirements to procedure for carrying out internal audit in the insurance (reinsurance) organization approved by the specified resolution:

8) of Item 3 to state the subitem in the following edition:

"8) observance established by authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) prudential standard rates and other regulations and limits, obligatory to observance;".

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