RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of September 27, 2018 No. 225

About approval of selection criteria and Rules of consideration of documents for the conclusion of the agreement on implementation of activities within specific mode of regulation

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the following selection criteria for participation in specific mode of regulation:

1) the applicant is the financial resident organization of the Republic of Kazakhstan and (or) other legal resident person of the Republic of Kazakhstan performing activities in the financial sphere, the activities connected with concentration of financial resources and (or) with payment services, at least 2 (two) years;

2) obligations of the applicant for date of filing of application for participation within specific mode of regulation do not exceed its assets;

3) the applicant has no losses by results of 2 (two) complete financial years;

4) the founder - physical person or the first head of executive body or governing body of the founder - the legal entity of the applicant has no not removed or unspent conviction and (or) concerning them criminal prosecution for criminal offenses in the field of economic activity was not performed;

5) the applicant has for date of filing of application for participation within specific mode of regulation no operating measures of supervising reaction and the sanction applied by National Bank of the Republic of Kazakhstan;

6) activities (service, product) of the applicant planned to implementation (provision) within specific mode of regulation correspond to one or several of following conditions:

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