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

of December 13, 2021 No. 108

About introduction of amendments to the resolution of Board of National Bank of the Republic of Kazakhstan of November 28, 2019 No. 217 "About approval of Rules of provision of the microcredits by electronic method"

According to Item 3-1 of article 3 of the Law of the Republic of Kazakhstan "About microfinancial activities" 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 November 28, 2019 No. 217 "About approval of Rules of provision of the microcredits by electronic method" (it is registered in the Register of state registration of regulatory legal acts at No. 19714) the following changes:

in Rules of provision of the microcredits by electronic method approved by the specified resolution:

state Item 2 in the following edition:

"2. In Rules the concepts provided by the Law and also the following concepts are used:

1) authentication - the procedure of check of authenticity of the client, electronic messages and other documents, including electronic copies of the documents necessary for provision of the microcredit and also determining the client and content of its declaration of will;

2) debt - amount of debt on the microcredit, including the amounts of remaining balance of principal debt, the added, but not paid remuneration, penalty (penalties, penalty fee) provided by the agreement on provision of the microcredit signed with the borrower;

3) biometric identification - package of measures, identifying the personality based on physiological and biological invariable signs;

4) the one-time password - the password valid only for one session of authentication of subjects of receipt of services electronically;

5) two-factor authentication - the authentication performed using two of three different factors: knowledge, ownerships, inherence;

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