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

of January 20, 2022 No. 28

About introduction of amendments to the order of the Chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of January 10, 2022 No. 8 "About measures of support of the physical persons and legal entities injured with introduction of emergency state"

For the purpose of support of the population and subjects of small and medium entrepreneurship, implementation of plans for recovery of financial condition and prevention of cases of emergence of overdue debt under agreements of bank loan and microcredit, I ORDER:

1. Bring in the order of the Chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of January 10, 2022 No. 8 "About measures of support of the physical persons and legal entities injured with introduction of emergency state" the following changes:

according to the procedure of provision of payment deferral on loans of the physical persons and legal entities injured with introduction of emergency state, approved by the specified order:

state item 4 in the following edition:

"4. Credit institutions perform suspension of payments for principal debt and remuneration under agreements of bank loan and (or) microcredit (further - payment deferral on the credit) the borrower in the presence of information on deterioration in its financial condition or damage caused during emergency state.

The credit institution grants payment deferral on the borrower's credit for the period from January 5, 2022 to April 5, 2022. By mutual consent of the borrower and credit institution other term of delay can be established.";

to state paragraph two of Item 5 in the following edition:

"The application can be submitted to credit institution till April 4, 2022 (inclusive).";

the paragraph one of Item 8 to state in the following edition:

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