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THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of March 24, 2020 No. 20

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the organizations performing microfinancial activities

According to the laws of the Republic of Kazakhstan of July 4, 2003 "About state regulation, control and supervision of the financial market and the financial organizations", of November 26, 2012 "About microfinancial activities", the Presidential decree of the Republic of Kazakhstan of March 16, 2020 No. 286 "About measures for ensuring social and economic stability" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 14, 2019 No. 192 "About approval of prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations" (it is registered in the Register of state registration of regulatory legal acts at No. 19629, it is published on November 27, 2019 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) the following changes:

in Prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations approved by the specified resolution:

state Items 3 and 4 in the following edition:

"3. The minimum size of the authorized capital constitutes:

1) for the microfinancial organization - 100 000 000 (hundred million) tenges, except for the microfinancial organization which underwent accounting registration in authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) till January 1, 2020 for which the minimum size of the authorized capital constitutes:

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