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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 September 21, 2020 No. 85

About introduction of amendments to the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2012 No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, the list of the rating agencies assigning this score"

According to the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" 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 December 24, 2012 No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, the list of the rating agencies assigning this score" (it is registered in the Register of state registration of regulatory legal acts at No. 8318, it is published on June 5, 2013 in the Kazakhstanskaya Pravda newspaper No. 190-191 (27464-27465) following changes:

to state part one of Item 1 in the following edition:

"1. Establish the minimum long-term credit rating on the international scale in foreign currency not below "VVV" of Standard & Poors rating agency or scores of similar level assigned to one of the rating agencies specified in Item 3 of this resolution for the following legal entities - nonresidents of the Republic of Kazakhstan:

the legal entities or their parent organizations acquiring (having) the status of bank holding;

the legal entities acquiring (having) the status of insurance holding;

the legal entities or their parent organizations acquiring (having) the status of the large member of bank;

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