RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 31, 2016 No. 209

About approval of Rules of establishment of correspondence relations between National Bank of the Republic of Kazakhstan and banks, branches of nonresident banks of the Republic of Kazakhstan, and also the organizations performing separate types of banking activities

According to the subitem 49) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 16) of Item 1 of article 4 of the Law of the Republic of Kazakhstan "About payments and payment systems" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of establishment of correspondence relations between National Bank of the Republic of Kazakhstan and banks, branches of nonresident banks of the Republic of Kazakhstan, and also the organizations performing separate types of banking activities.

2. Recognize invalid the resolution of Board of National Bank of the Republic of Kazakhstan, and also structural elements of some resolutions of Board of National Bank of the Republic of Kazakhstan according to the list according to appendix to this resolution.

3. To department of payment systems (Ashykbekov E. T.) 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 ten calendar days from the date of 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 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.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of August 31, 2016 No. 209

Rules of establishment of correspondence relations between National Bank of the Republic of Kazakhstan and banks, branches of nonresident banks of the Republic of Kazakhstan, and also the organizations performing separate types of banking activities

Chapter 1. General provisions

1. These rules of establishment of correspondence relations between National Bank of the Republic of Kazakhstan and banks, branches of nonresident banks of the Republic of Kazakhstan, and also the organizations performing separate types of banking activities (further - Rules) are developed according to Article 753 of the Civil code of the Republic of Kazakhstan (Special part) (further - the Civil code), article 24 of the Code of the Republic of Kazakhstan "About taxes and other obligatory payments in the budget (Tax code)" (further - the Tax code), the subitem 49) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan" (further - the Law on National Bank), articles 5 and 9 of the Law of the Republic of Kazakhstan "About counteraction of legalization (washing) of income gained in the criminal way and to terrorism financing" (further - the Law on PODFT), the subitem 16) of Item 1 of article 4 of the Law of the Republic of Kazakhstan "About payments and payment systems" (further - the Law on payments and payment systems), articles 13 and 16 of the Law of the Republic of Kazakhstan "About the state statistics", other legal acts of the Republic of Kazakhstan and regulatory legal acts of National Bank of the Republic of Kazakhstan (further - National Bank) also determine procedure for opening, maintaining and closing of correspondent accounts in national and foreign currency of banks, branches of nonresident banks of the Republic of Kazakhstan, and also the organizations performing separate types of banking activities (further - the non-bank organizations) in National Bank.

1-1. The requirements of Rules applied in relation to resident banks extend to the branches of nonresident banks of the Republic of Kazakhstan created in the territory of the Republic of Kazakhstan.

2. The procedure for establishment of correspondence relations between National Bank of the Republic of Kazakhstan and banks (the non-bank organizations) includes opening, maintaining and closing of correspondent account in National Bank.

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