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. 107

About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of banking, insurance activity and the security market

Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve the List of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of banking, insurance activity and the security market to which changes, according to appendix to this resolution are made.

2. To provide to department of methodology and prudential regulation of the financial organizations 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.

3. 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.

4. This resolution becomes effective after ten 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 December 13, 2021 No. 107

The list of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of banking, insurance activity and the security market to which changes are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 307 "About establishment of prudential standard rates for the National operator of mail" (it is registered in the Register of state registration of regulatory legal acts at No. 14786) the following changes:

state Item 3 in the following edition:

"3. Join in calculation of highly liquid assets:

1) money, including:

money in cash desk, no more than 10 (ten) percent from the amount of assets on balance of the National operator of mail;

money on current accounts in banks of the second level of the Republic of Kazakhstan;

money on accounts in the central depositary;

the money of the National operator of mail which is fees in guarantee or reserve funds of the clearing organization (the central partner), mid-flight fees, complete and (or) partial ensuring obligation fulfillment according to the bargains concluded in trade system of stock exchange by method of open tenderings and (or) with participation of the central partner;

money on current accounts in the nonresident banks of the Republic of Kazakhstan having long-term and (or) short-term, individual rating is not lower than category "VVV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or rating assessment of similar level of Moody rating agencies" s Investors Service (Mudis Investors Service), Fitch (Features) or their affiliated rating organizations (further - other rating agencies);

money on accounts in the nonresident organizations of the Republic of Kazakhstan providing banking services to the organizations for implementation of transactions in the organized market of securities;

2) government securities of the Republic of Kazakhstan (including emitted according to the legislation of other states);

3) on-demand deposits in National Bank of the Republic of Kazakhstan, in banks of the second level of the Republic of Kazakhstan;

4) the share of the legal entities of the Republic of Kazakhstan having long-term credit rating is not lower "In" on the international scale of the Standard & Poor agency "than s (Standard энд Purs) or the rating of similar level of one of other rating agencies, or rating assessment not below "kzB" on national scale of Standard & Poor" s (Standard энд Purs), or the rating of similar level on national scale of one of other rating agencies, and depositary receipts which underlying asset are these shares, less reserves on possible losses;

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