RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 29, 2018 No. 300

About establishment of the factors influencing deterioration in financial position of the organizations performing broker and (or) dealer activities in the security market and (or) activities for management of investment portfolio and also approval of Rules of approval of the actions plan providing measures of early reaction, and the Technique of determination of the factors influencing deterioration in financial position of the organizations performing broker and (or) dealer activities in the security market and (or) activities for management of investment portfolio

According to Items 1 and 4 of article 3-2 of the Law of the Republic of Kazakhstan "About the security market" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Establish the following factors influencing deterioration in financial position of the organizations performing broker and (or) dealer activities in the security market and (or) activities for management of investment portfolio:

1) decrease in coefficient of sufficiency of equity;

2) decrease in amount of total quick assets;

3) unprofitable activities.

2. Approve:

1) Rules of approval of the actions plan providing measures of early reaction according to appendix 1 to this resolution;

2) the Technique of determination of the factors influencing deterioration in financial position of the organizations performing broker and (or) dealer activities in the security market and (or) activities for management of investment portfolio according to appendix 2 to this resolution.

3. Recognize invalid regulatory legal act of the Republic of Kazakhstan, and also structural elements of some regulatory legal acts of the Republic of Kazakhstan according to the list according to appendix 3 to this resolution.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info