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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 22, 2021 No. 7

About modification and amendments in the Resolution of Board of National Bank of the Republic of Kazakhstan of July 25, 2006 No. 65 "About approval of Rules of implementation of investment transactions of National fund of the Republic of Kazakhstan"

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and the order of the Government of the Republic of Kazakhstan of May 18, 2001 No. 655 "About the agreement on trust management of National fund of the Republic of Kazakhstan", for the purpose of ensuring efficiency of trust management of National fund of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of July 25, 2006 No. 65 "About approval of Rules of implementation of investment transactions of National fund of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 4361) the following changes and amendment:

in Rules of implementation of the investment transactions of National fund of the Republic of Kazakhstan approved by the specified resolution:

state Item 28 in the following edition:

"28. The maximum size of stabilization portfolio constitutes 10 (ten) billion US dollars. If following the results of year the size of stabilization portfolio exceeds 10 (ten) billion US dollars, funds in the amount of at least amount of exceeding for date of transfer, are transferred from stabilization to savings portfolio within 1 (one) quarter following after the corresponding year.";

state Item 28-1 in the following edition:

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