RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of June 29, 2018 No. 142

About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market

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. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 304 "About establishment of normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, the list, forms, obligatory to observance, terms of submission of the reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organizations and insurance groups, Rules of submission of the reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organizations and insurance groups, requirements to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) legal entities, the list of bonds of the international financial institutions acquired by insurance holdings, the minimum required rating for bonds acquired by insurance holdings, and the list of rating agencies, and also the list of the financial instruments (except for shares and shares in the authorized capital) acquired by the insurance (reinsurance) organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 14794, it is published on February 24, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) the following changes:

in the Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, obligatory to observance, approved by the specified resolution:

in Item 38:

5) to state the subitem in the following edition:

"5) the government securities of the Republic of Kazakhstan (including emitted according to the legislation of other states) issued by the Ministry of Finance of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan less doubtful debt allowance, and also the debt securities issued by the legal entity performing the redemption of mortgage loans of the physical persons which are not connected with business activity which hundred percent of shares belong to National Bank of the Republic of Kazakhstan;";

in the subitem 7):

the fifth to state the paragraph in the following edition:

"the shares issued according to the legislation of the Republic of Kazakhstan, included in the official listing of stock exchange, provided by Requirements to the issuers and their securities allowed (allowed) to the address on the stock exchange, and also to separate categories of the list of stock exchange, approved by the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 54, registered in the Register of state registration of regulatory legal acts at No. 15175 (further - Requirements No. 54), except for the shares specified in paragraphs the second, third and fourth this subitem and depositary receipts which underlying asset are these shares, less doubtful debt allowance;";

to state the paragraph of the eighth in the following edition:

"the debt securities included in the official listing of stock exchange according to Requirements No. 54, except for of debt securities, the specified in paragraphs six and the seventh this subitem taking into account the amounts of principal debt and the added remuneration, less doubtful debt allowance;";

to state part one of Item 43 in the following edition:

"43. The standard rates of diversification specified in Item 42 of Standard rates do not extend to securities of National Bank of the Republic of Kazakhstan, the legal entity performing the redemption of mortgage loans of the physical persons which are not connected with business activity which hundred percent of shares belong to National Bank of the Republic of Kazakhstan, Ministry of Finance of the Republic of Kazakhstan and national managing holdings.";

To state the report on accomplishment of prudential standard rates by the insurance (reinsurance) organization on form according to appendix 1 to the List, the forms, terms of submission of the reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organizations and insurance groups approved by the specified resolution in edition according to appendix 1 to this resolution;

in Rules of submission of the reporting on accomplishment of the prudential standard rates by the insurance (reinsurance) organizations and insurance groups approved by the specified resolution:

state Item 2 in the following edition:

"2. The insurance (reinsurance) organization and insurance group represent to authorized body the reporting on accomplishment of prudential standard rates of the insurance (reinsurance) organization and insurance group in electronic format.

The reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organization and insurance group as of reporting date is on paper signed by the first head (for its absence - person authorized by it) and the chief accountant (for its absence - person authorized by it) the insurance (reinsurance) organization and stored in the insurance (reinsurance) organization and insurance group.

Identity of data of the reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organization and insurance group represented in electronic format to data on paper is provided with the first head (for its absence - person authorized by it) and the chief accountant (for its absence - person authorized by it) to the insurance (reinsurance) organization.";

in Requirements to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) the legal entities approved by the specified resolution:

2) of Item 2 to state the subitem in the following edition:

"2) the shares issued according to the legislation of the Republic of Kazakhstan, included in the official listing of stock exchange according to Requirements to the issuers and their securities allowed (allowed) to the address on the stock exchange, and also to separate categories of the list of stock exchange, approved by the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 54, registered in the Register of state registration of regulatory legal acts at No. 15175, and depositary receipts which underlying asset are these shares;";

in the List (except for shares and shares in the authorized capital), acquired by the insurance (reinsurance) organizations, approved by the specified resolution:

1) of Item 1 to state the subitem in the following edition:

"1) the government securities of the Republic of Kazakhstan (including emitted according to the legislation of other states) issued by the Ministry of Finance of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan the securities issued under guarantee of the Government of the Republic of Kazakhstan, and also debt securities issued by the legal entity performing the redemption of mortgage loans of the physical persons which are not connected with business activity which hundred percent of shares belong to National Bank of the Republic of Kazakhstan;".

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of September 13, 2017 No. 170 "About establishment of normative values and techniques of calculations of prudential standard rates and other regulations, obligatory to observance, and limits of the size of the capital of bank for certain date and Rules of calculation and limits of open foreign exchange position" (it is registered in the Register of state registration of regulatory legal acts at No. 15886, it is published on October 25, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) the following changes:

in Normative values and techniques of calculations of prudential standard rates and other regulations, obligatory to observance, and the limits of the size of the capital of bank for certain date approved by the specified resolution:

to state paragraph two of part two of Item 57 in the following edition:

"requirements to the Government of the Republic of Kazakhstan, National Bank, the legal entity performing the redemption of mortgage loans of the physical persons which are not connected with business activity which hundred percent of shares belong to National Bank, joint-stock company "National welfare fund "Samruk-Kazyna", to National Managing Holding Bayterek, Special Finance Company of Fund of Stressful Assets Joint-stock Company, the Requirements of Bank to the Borrower Which Are Written Off from Balance of Bank, the Requirement of Bank to the Borrower on Which Hundred Percent of Reserves according to IFRS Are Created; joint-stock company;

5) of Item 65 to state the subitem in the following edition:

"5) the government securities of the Republic of Kazakhstan issued by the Government of the Republic of Kazakhstan and National Bank, the securities issued by joint-stock company "National welfare fund "Samruk-Kazyna" and National Managing Holding Bayterek, Securities Issued by the Legal Entity Performing the Redemption of Mortgage Loans of the Physical Persons Which Are Not Connected with Business Activity Which Hundred Percent of Shares Belong to National Bank; joint-stock company;

3) of Item 74 to state the subitem in the following edition:

"3) requirements to the Government of the Republic of Kazakhstan, National Bank, including the securities guaranteed by the Government of the Republic of Kazakhstan, National Bank, and also securities issued by the legal entity performing the redemption of mortgage loans of the physical persons which are not connected with business activity which hundred percent of shares belong to National Bank;";

To state the table of the assets of bank weighed on degree of credit risk of investments according to appendix 5 in edition according to appendix 2 to this resolution;

To state the table of high-quality quick assets of bank according to appendix 13 in edition according to appendix 3 to this resolution.

3. To department of methodology of the financial market (Abdrakhmanov N. A.) 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) within ten calendar days from the date of state registration of this resolution the direction it the copy in paper and electronic type in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts 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) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and item 4 of this resolution.

4. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

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

6. This resolution becomes effective after day of its first official publication.

Appendix 1

to the Resolution of Board of National Bank of the Republic of Kazakhstan of June 29, 2018 No. 142

Appendix 1

to the List, forms, terms of submission of the reporting on accomplishment of prudential standard rates by the insurance (reinsurance) organizations and insurance groups

The form intended for collection of administrative data

Report on accomplishment of prudential standard rates by the insurance (reinsurance) organization

Accounting period: as of "______" _______________ 20 ____ years

Index: 1-PN_M

Frequency: monthly

Represent: insurance (reinsurance) organizations

Where the form is represented: National Bank of the Republic of Kazakhstan

Representation term: monthly no later than 6 (sixth) working days of the month following month under report.

Form

______________________________________________________________________________

                  (name of the insurance (reinsurance) organization)

№	Name of the standard rate	Measure value
1	2	3
1	Standard rate of sufficiency of margin of solvency (1.1/1.2)
1.1	Actual margin of solvency (1.3 + 1.4 or 1.8 smallest size) (in thousands of tenges)
1.2	The minimum size of margin of solvency ("400") (in thousands of tenges)
1.3	Intermediate result of calculation of actual margin of solvency ("100") (in thousands of tenges)
1.4	The amount included in calculation of actual margin of solvency ("200") (in thousands of tenges)
1.5	Total assets taking into account their classification by quality and liquidity ("12000") (in thousands of tenges)
1.6	Insurance reserves minus share of the overcautious person ("13000") (in thousands of tenges)
1.7	Obligations, except for the amounts of insurance reserves ("14000") (in thousands of tenges)
1.8	The actual margin of solvency calculated taking into account classification of assets by quality and liquidity (1.5 - 1.6 - 1.7) (in thousands of tenges)
2	Total placement in securities (taking into account transactions "the return repo"), deposits and money (less doubtful debt allowance) in one bank of the second level and affiliirovanny persons of this bank (ND1-1), to relevant requirements of the subitem 1) Item 42 of Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution - no more than 20 (twenty) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
3	Total placement in securities (taking into account transactions "the return repo"), deposits and money (less doubtful debt allowance) in one bank of the second level and affiliirovanny persons of this bank (ND1-2), to relevant requirements of the subitem 2) Item 42 of Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution - no more than 15 (fifteen) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
4	Total placement in securities (taking into account transactions "the return repo"), deposits and money (less doubtful debt allowance) in one bank of the second level and affiliirovanny persons of this bank (ND1-3), to relevant requirements of the subitem 3) Item 42 of Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
5	Total placement in securities (taking into account transactions "the return repo") and money (less doubtful debt allowance) in one legal entity, not being bank of the second level, and affiliirovanny faces of this legal entity (ND2) - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
6	Transactions "the return repo", the prisoners made with participation of assets of the insurance (reinsurance) organization for the term of no more than 30 (thirty) calendar days (in trade system of stock exchange) and only automatic method (ND3) - no more than 50 (fifty) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
7	Total placement in the affined precious metals and metal deposits for the term of no more than 12 (twelve) months (ND4) - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
8	The total size of loans to insurers of the insurance (reinsurance) organization performing activities for industry "life insurance" (ND5) - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
9	Total placement in the securities (taking into account transactions "the return repo") having the status state, issued by the central government of foreign state less doubtful debt allowance (ND6), - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
10	Total placement in securities (taking into account transactions "the return repo") international financial institution which is included into the list, stipulated in Item 39 Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution less doubtful debt allowance (ND7) - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
11	The total amount of investments into the shares conforming to requirements of subitems 12) and 13) of Item 38 of Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution less doubtful debt allowance (ND8) - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
12	The total amount of investments into shares of open and interval mutual investment funds, less doubtful debt allowance (ND8-1), - no more than 5 (five) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
13	The total amount of investments into the debt securities issued by local executive bodies of the Republic of Kazakhstan (taking into account the amounts of principal debt and the added remuneration), less doubtful debt allowance (ND9), - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)
14	The total amount of investments into the instruments of Islamic financing conforming to requirements of subitems 15) and 16) of Item 38 of Normative values and technique of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution less doubtful debt allowance (ND10) - no more than 10 (ten) percent from the amount of the assets calculated according to Item 34 of Normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations, obligatory to observance, and limits set by this resolution (as a percentage)

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