ORDER OF THE CHAIRMAN OF THE AGENCY ON PROTECTION AND DEVELOPMENT OF THE COMPETITION OF THE REPUBLIC OF KAZAKHSTAN

of March 19, 2021 No. 4

About introduction of amendments to the Order of the Minister of national economy of the Republic of Kazakhstan of December 29, 2017 No. 442 "About approval of the Technique of assessment of economic concentration in the financial markets"

I ORDER:

1. Bring in the order of the Minister of national economy of the Republic of Kazakhstan of December 29, 2017 No. 442 "About approval of the Technique of assessment of economic concentration in the financial markets" (it is registered in the Register of state registration of regulatory legal acts for No. 16226, it is published on January 22, 2018 in Reference control bank of regulatory legal acts of the Republic of Kazakhstan) the following changes:

in the Technique of assessment of the economic concentration in the financial markets approved by the specified order:

state Item 2 in the following edition:

"2. The technique determines the mechanism of assessment of economic concentration in the financial markets antimonopoly authority.";

state Item 3 in the following edition:

"3. In the Technique the following concepts are applied:

1) consent to economic concentration - the consent of antimonopoly authority to implementation of the transactions provided by subitems 1) - 3) Item 1 of article 201 of the Code;

2) prohibition on economic concentration in the financial markets - prohibition of antimonopoly authority on implementation of the transactions provided by subitems 1) - 3) Item 1 of article 201 of the Code;

3) service providers are subjects of the market, performing business activity on provision of financial services;

4) financial services - activities of participants of the insurance market, the security market, Voluntary accumulation pension fund, the banking activity, organization activity for carrying out separate types of banking activities performed based on the licenses obtained according to the Law of the Republic of Kazakhstan of July 4, 2003 "About state regulation, control and supervision of the financial market and the financial organizations" (further - the Law);

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