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NORMATIVE RESOLUTION OF THE SUPREME COURT OF THE REPUBLIC OF KAZAKHSTAN

of September 29, 2022 No. 7

About modification and amendments in the normative resolution of the Supreme Court of the Republic of Kazakhstan of November 25, 2016 No. 7 "About court practice of consideration of civil cases on the disputes following from agreements of bank loan"

1. Bring the following changes and amendments in the above-stated normative resolution of the Supreme Court of the Republic of Kazakhstan:

1) in Item 1 of the word "resolutions of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of February 23, 2007 No. 49 "About approval of Rules of maintaining documentation on crediting" (further – Rules of maintaining documentation on crediting), of February 28, 2011 No. 18 "About determination of the list of compulsory provisions of the agreement of bank loan and modification and amendments in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations of February 23, 2007 No. 49 "About approval of Rules of maintaining documentation on crediting" (further – the List) "shall be replaced with words" resolutions of Board of National Bank of the Republic of Kazakhstan of December 23, 2019 No. 248 "About approval of Rules of the conclusion of the agreement of bank loan, including requirements to content, registration, compulsory provisions of the agreement of bank loan, forms of the repayment schedule of loan and the instruction sheet for the borrower - physical person"";

Item 5 to state 2) in the following edition:

"5. Courts should mean that the agreement of bank loan shall contain conditions about the subject of the agreement, conditions which are acknowledged essential as the legislation or are necessary for agreements of this type, and also concerning what according to the statement of the parties the agreement is reached.

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