RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of January 28, 2019 No. 3

About modification and amendments 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 28, 2011 No. 18 "About determination of the list of compulsory provisions of the agreement of bank loan"

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 the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of February 28, 2011 No. 18 "About determination of the list of compulsory provisions of the agreement of bank loan" (it is registered in the Register of state registration of regulatory legal acts at No. 6877, it is published on June 4, 2011 in the Kazakhstanskaya Pravda newspaper No. 177-178 (26598-26599) following changes and amendment:

add with Item 1-1 of the following content:

"1-1. For the purposes of the resolution the following concepts are used:

1) bank - bank of the second level, including Islamic bank when carrying out the banking activity provided by the subitem 3) of Item 1 of article 52-5 of the Law on banks, Development Bank of Kazakhstan joint-stock company, the organization which is performing separate types of banking activities, having the license for implementation of banking loan activities;

2) syndicate of banks - two and more banks joint with the purpose of carrying out joint loan transactions and decrease in possible losses for each participant in case of insolvency of the borrower, when preserving legal and financial independence of the banks entering into syndicate;

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