THE ORDER OF THE CHAIRMAN OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of April 9, 2021 No. 127

About approval of the Procedure for provision of payment deferral on loans of subjects of small and medium business

For the purpose of support of subjects of small and medium entrepreneurship, non-admission of deterioration in their financial condition and prevention of cases of emergence of overdue debt under agreements of bank loan and microcredit I ORDER:

1. Approve the enclosed Procedure for provision of payment deferral on loans of subjects of small and medium business.

2. To department of methodology and prudential regulation of the financial organizations to bring this order to the attention of the interested divisions of the Agency of the Republic of Kazakhstan on regulation and development of the financial market, banks of the second level, the organizations performing separate types of banking activities, the organizations performing microfinancial activities.

3. This order becomes effective from the date of its signing.

4. To impose control of execution of this order on the vice-chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market Abdrakhmanov N. A.

Approved by the Order of the Chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of April 9, 2021, No. 127

Procedure for provision of payment deferral on loans of subjects of small and medium business

1. This Procedure for provision of payment deferral on loans of subjects of small and medium business (further - the Procedure) is developed according to the order of the President of the Republic of Kazakhstan Tokayev K. K. of April 1, 2021 on payment deferral on the credits issued to subjects of small and medium entrepreneurship in injured sectors of economy.

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