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

of July 16, 2021 No. 80

About introduction of amendments 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. 31 "About approval of Rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to converting of bank in Islamic bank and refusal in issue of permission, issue of permission to voluntary liquidation of banks, and also return of deposits of physical persons, their transfer in other bank"

According to part two of Item 1 of Article 52-14, part two of Item 1 of Article 60, part three of Item 1 of Article 69, part four of Item 3 of article 74-5 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", the subitem 1) Item 1 of article 9 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations", the subitem 1) article 10 of the Law of the Republic of Kazakhstan "About the state services", Item 2 of article 12 of the Law of the Republic of Kazakhstan "About permissions and notifications" 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 the Agency of the Republic of Kazakhstan on regulation and development of the financial market of March 30, 2020 No. 31 "About approval of Rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to converting of bank in Islamic bank and refusal in issue of permission, issue of permission to voluntary liquidation of banks, and also return of deposits of physical persons, their transfer in other bank" (it is registered in the Register of state registration of regulatory legal acts at No. 20241) the following changes:

state heading in the following edition:

"About approval of Rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to converting of bank in Islamic bank and refusal in issue of permission, issue of permission to voluntary liquidation of banks, issues of permission to the voluntary termination of activities of branch of nonresident bank of the Republic of Kazakhstan, and also return of deposits of physical persons, their transfer in other bank or branch of nonresident bank of the Republic of Kazakhstan, being participants of system of obligatory guaranteeing deposits";

state preamble in the following edition:

"According to part two of Item 1 of Article 52-14, part two of Item 1 of Article 60, part three of Item 1 of Article 69, part four of Item 3 of article 74-5 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", the subitem 1) Item 1 of article 9 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations", the subitem 1) article 10 of the Law of the Republic of Kazakhstan "About the state services", Item 2 of article 12 of the Law of the Republic of Kazakhstan "About permissions and notifications" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market";

state Item 1 in the following edition:

"1. Approve the enclosed Rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to converting of bank in Islamic bank and refusal in issue of permission, issue of permission to voluntary liquidation of banks, issues of permission to the voluntary termination of activities of branch of nonresident bank of the Republic of Kazakhstan, and also return of deposits of physical persons, their transfer in other bank or branch of nonresident bank of the Republic of Kazakhstan, being participants of system of obligatory guaranteeing deposits.";

The rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to converting of bank in Islamic bank and refusal in issue of permission, issue of permission to voluntary liquidation of banks, and also return of deposits of physical persons, their transfer in other bank approved by the specified resolution to state in edition according to appendix to this resolution.

2. Declare invalid the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of February 24, 2021 No. 41 "About approval of Rules of issue of permission to the voluntary termination of activities of branch of nonresident bank of the Republic of Kazakhstan, and also return of deposits of physical persons, their transfer in bank or branch of nonresident bank of the Republic of Kazakhstan, being participants of system of obligatory guaranteeing deposits" (it is registered in the Register of state registration of regulatory legal acts at No. 22283).

3. 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 action provided by the subitem 2) of this Item.

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 sixty 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 July 16, 2021 No. 80

Approved by 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. 31

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