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

of March 30, 2020 No. 33

About introduction of amendments to the resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2017 No. 24 "About approval of Rules of issue to bank and (or) bank holding of permission to creation or acquisition of the affiliated organization, on creation or acquisition by bank of the affiliated organization acquiring doubtful and bad assets of parent bank on considerable participation of bank and (or) bank holding in the capital of the organizations, and also withdrawal of permission to creation, acquisition by bank and (or) bank holding of the affiliated organization, considerable participation of bank and (or) bank holding in the capital of the organizations"

For the purpose of implementation of the Law of the Republic of Kazakhstan of November 25, 2019 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning rendering the state services" 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 January 28, 2017 No. 24 "About approval of Rules of issue to bank and (or) bank holding of permission to creation or acquisition of the affiliated organization, on creation or acquisition by bank of the affiliated organization acquiring doubtful and bad assets of parent bank on considerable participation of bank and (or) bank holding in the capital of the organizations, and also withdrawal of permission to creation, acquisition by bank and (or) bank holding of the affiliated organization, considerable participation of bank and (or) bank holding in the capital of the organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 15050, it is published on May 23, 2017 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) the following changes:

state Item 1 in the following edition:

"1. Approve the enclosed Rules of issue to bank or bank holding of permission to creation or acquisition of the affiliated organization, on creation or acquisition by bank of the affiliated organization acquiring doubtful and bad assets of parent bank on considerable participation of bank or bank holding in the capital of the organizations, and also withdrawal of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations.";

Rules of issue to bank and (or) bank holding of permission to creation or acquisition of the affiliated organization, on creation or acquisition by bank of the affiliated organization acquiring doubtful and bad assets of parent bank on considerable participation of bank and (or) bank holding in the capital of the organizations, and also withdrawal of permission to creation, acquisition by bank and (or) bank holding of the affiliated organization, the considerable participation of bank and (or) bank holding in the capital of the organizations approved by the specified resolution to state in edition according to appendix to this resolution.

2. To provide to department of bank regulation in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this resolution on official Internet resource of the Agency of the Republic of Kazakhstan on regulation and development of the financial market after its official publication;

3) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by the subitem 2) of this Item and Item 3 of this resolution.

3. To management of the international relations and external communications to provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

4. To impose control of execution of this resolution on the supervising vice-chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market.

5. This resolution becomes effective after twenty one calendar days after day of its first official publication.

Appendix

to the Resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of March 30, 2020 No. 33

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of January 28, 2017 No. 24

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