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

of June 7, 2023 No. 39

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning 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 14, 2019 No. 192 "About approval of prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations" (it is registered in the Register of state registration of regulatory legal acts at No. 19629) the following changes and amendment:

in Prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations approved by the specified resolution:

state Items 2 and 3 in following edition:

"2. In structure of prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits enter:

1) for the microfinancial organization:

minimum size of the authorized capital;

minimum size of equity;

sufficiency of equity;

the maximum extent of risk on one borrower;

leverage ratio;

2) for credit partnership:

minimum size of the authorized capital;

minimum size of equity;

leverage ratio;

3) for pawnshop – the minimum size of the authorized capital.

3. The minimum size of the authorized capital constitutes:

1) for the microfinancial organization – 100 000 000 (hundred million) tenges, except for the following cases:

since July 1, 2023 – 150 000 000 (hundred fifty million) tenges;

since January 1, 2024 – 200 000 000 (two hundred million) tenges;

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