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. 41

About establishment of the List of prudential standard rates, their normative values, techniques of calculations for the Voluntary accumulation pension funds

According to item 4 of article 43 of the Social code of the Republic of Kazakhstan Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Establish the List of prudential standard rates, their normative values, technique of calculations for the Voluntary accumulation pension funds according to appendix 1 to this resolution.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan, and also separate structural elements of regulatory legal acts of the Republic of Kazakhstan according to the list according to appendix 2 to this resolution.

3. 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.

4. 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.

5. This resolution becomes effective since July 1, 2023 and is subject to official publication.

Appendix 1

to 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. 41

The list of prudential standard rates, their normative values, technique of calculations for the Voluntary accumulation pension funds

1. This List of prudential standard rates, their normative values, technique of calculations (further - the List) are developed for the Voluntary accumulation pension funds according to the Social code of the Republic of Kazakhstan (further – the Social code) and establish prudential standard rates, their normative values, technique of calculations for the Voluntary accumulation pension funds (further - Fund) which are attracting voluntary pension contributions and not exercising control of pension assets of the single accumulation pension fund.

2. Calculation for other prudential standard rates which are not specified in the List for the organizations combining types of professional activity in the security market is established by the resolution of Board of National Bank of the Republic of Kazakhstan of April 27, 2018 No. 80 "About establishment of types of prudential standard rates for the organizations performing broker and (or) dealer activities in the security market, approval of rules and method of calculation of values of the prudential standard rates obligatory to observance by the organizations performing broker and (or) dealer activities in the security market", registered in the Register of state registration of regulatory legal acts of the Republic of Kazakhstan at No. 17005.

3. The regulations provided by the List regarding affiliates of Fund are not applied to the legal entities and their affiliates who are affiliated with Fund as a result of direct (on banks - indirect) ownerships of 25 (twenty five) and more percent of voting shares of the specified organizations by joint-stock company "National welfare fund "Samruk-Kazyna".

4. Are part of prudential standard rates:

coefficient of sufficiency of equity which value daily makes at least 1;

investment limits.

Chapter 1. General provisions

5. For the purposes of the List in addition to rating estimates of the Standard & Poor agency "s (Standard энд Purs) authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) are also recognized rating estimates of the Moody agencies" s Investors Service and Fitch (Mudis Investors Service and Features) (further - other rating agencies) established by the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2012 No. 385 "About establishment of the minimum rating for legal entities and the countries which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score" registered in the Register of state registration of regulatory legal acts at No. 8318.

6. For the purposes of the List international financial institutions are understood as the following organizations:

Asian Development Bank;

Inter-American Development Bank;

African development bank;

Eurasian Development Bank;

European Bank for Reconstruction and Development;

European Investment Bank;

Development bank of the European Council;

Islamic corporation on private sector development;

Islamic development bank;

Multilateral agency of guarantee of investments;

Scandinavian investment bank;

International Monetary Fund;

International Development Association;

International settlements bank;

International Centre for Settlement of Investment Disputes;

International Bank for Reconstruction and Development;

International Finance Corporation.

7. For the purposes of Rules the main stock indexes are understood as the following settlement indicators (indexes):

CAC 40 (Compagnie des Agents de Change 40 Index) (Company дэ Ezhon дэ Shanzh 40 Index);

DAX (Deutscher Aktienindex) (Doytche Aktsiyenindeks);

DJIA (Dow Jones Industrial Average) (Dow Jones of Indastrial Everedzh);

EURO STOXX 50 (EURO STOXX 50 Price Index) (Yurop Es Ti Ou Eks of Eks 50 Price Indeks);

FTSE 100 (Financial Times Stock Exchange 100 Index) (Faynenshl Tayms Stock Ekscheyndzh 100 Index);

HSI (Hang Seng Index) (Hang Seng Index);

KASE (Kazakhstan Stock Exchange Index) (Kazakstan Stock Ekscheyndzh Indeks);

MSCI World Index (Morgan Stanley Capital International World Index) (Morgan Stanley Capital International Vorld Indeks);

MOEX Russia (Moscow Exchange Russia Index) (Moskou Ekscheyndzh Russia Index);

NIKKEI 225 (Nikkei-225 Stock Average Index) (Stock Everedzh Indeks's Nikkey-225);

RTSI (Russian Trade System Index) (Russian Trade of the Index Systems);

S&P 500 (Standard and Poor "s 500 Index) (Standard энд Purs 500 Index);

TOPIX 100 (Tokyo Stock Price 100 Index) (Tokyo Stock Price 100 Index);

NASDAQ-100 (Nasdaq-100 Index) (Nasdak-100 Index).

8. For calculation of prudential standard rates of Fund the current value of financial instruments according to accounting data according to the subitem 19) of Item 2 of article 217 of the Social code is used.

Chapter 2. Procedure of payments of the prudential standard rate "Coefficient of sufficiency of equity"

9. Coefficient of sufficiency of equity of Fund (To 1) it is calculated by formula:

K1 = (LA - About) / IDGC, where:

LA – the quick and other assets of Fund specified in Items 10 and 12 of the List;

About – obligations on balance;

IDGC - the minimum size of equity of Fund in the amount of 259 200 000 (two hundred fifty nine million two hundred thousand) tenges.

If the cost of the pension assets accepted in investment management constitutes more than 40 (forty) billion tenges, then the minimum size of equity of Fund is calculated by formula:

IDGC = (APU - 40 (forty) billion tenges) * 0,0001 + 259 200 000 (two hundred fifty nine million two hundred thousand) tenges, where:

APU – the pension assets accepted in investment management.

Value of coefficient of sufficiency of equity of Fund is daily constituted by at least 1 (one).

Fund each working day as of the end of the prior working day, and also for the end of each of the days off which were directly preceding the present working day makes calculation of value of coefficient of K1.

10. As quick assets of Fund the assets specified in the Table of calculation of values of prudential standard rates for the Voluntary accumulation pension funds according to appendix to the List are recognized the corresponding amounts.

11. Do not join in calculation of the quick assets specified in Item 10 of the List:

assets on which the property right of Fund is limited (security purchase by Fund on the terms of the obligation of their subsequent return sale or transfer to pledge, or securities having other encumbrances according to the legislation of the Republic of Kazakhstan), except for transactions of repo.

The government securities (including emitted according to the legislation of other states) issued by the Ministry of Finance of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan, which are subject of transaction of "the return repo" join in calculation of quick assets of Fund in the amounts specified in the Table of calculation of values of prudential standard rates for the Voluntary accumulation pension funds according to appendix to the List.

The securities which are the transaction subject of "the return repo" concluded with participation of the central partner join in calculation of quick assets of Fund in full;

the securities issued by the legal entities who are affiliates in relation to Fund, except for the shares entering the official listing of stock exchange which parameters are used for the purpose of calculation of index of the stock market of stock exchange (the representative list of stock exchange);

the securities issued by trustees in ten and more percent of the voting shares of Fund belonging to large shareholders of Fund and affiliates of these trustees;

deposits in the banks of the second level of the Republic of Kazakhstan which are affiliates in relation to Fund.

12. As other assets fixed assets of Fund in the form of real estate are recognized the amount which is not exceeding five percent from the amount of assets on balance of Fund.

Chapter 3. Prudential standard rate "Investment limits"

13. Calculation of limits of investment is perfromed by Fund daily.

14. When calculating the prudential standard rate "Investment limits":

1) the equity of bank of the second level of the Republic of Kazakhstan is determined based on its last quarter balance published according to the requirement of article 55 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" or placed on Internet resource of stock exchange or depositary of the financial reporting according to the unconsolidated financial reporting;

2) the equity of the organization of the Republic of Kazakhstan, whose securities are included in the official listing of stock exchange, is determined based on its last quarter balance placed on Internet resource of stock exchange or depositary of the financial reporting;

3) the equity of the issuer - the nonresident of the Republic of Kazakhstan is determined based on its last quarter balance placed in information analytical systems of Bloomberg (Bloomberg) or Reuters (Reuters) on Internet resource of stock exchange or international (foreign) stock exchange in which trade systems these securities, or on Internet resource of the issuer of these securities are quoted;

4) the total quantity of the voting and placed shares of bank of the second level of the Republic of Kazakhstan and the organization of the Republic of Kazakhstan which is not bank of the second level is determined based on the data which are monthly placed on Internet resource of authorized body;

5) net assets value of interval mutual investment fund which managing company is the legal entity created according to the legislation of the Republic of Kazakhstan on the security market and on investment funds which shares are included in the official listing of stock exchange is determined based on the data which are quarterly placed on Internet resource of authorized body;

6) the size of own assets of Fund is determined daily based on accounting data of Fund for own assets;

7) the size of pension assets is determined daily based on daily accounting data by pension assets;

8) the amount of investments into debt securities is determined at book value debt securities.

15. When calculating of the limits of investment set:

1) Items 19 and 32 of the List, the banks affiliated on the relation to each other are recognized quality of one bank;

2) Item 23 of the List, the issuers affiliated on the relation to the friend to the friend, not being banks of the second level of the Republic of Kazakhstan, are recognized quality of one issuer, not being bank of the second level of the Republic of Kazakhstan.

Action of this Item does not extend on the legal entities who are members (shareholders) of credit bureaus and also on legal entities whose state blocks of shares (shares) are transferred to joint-stock company "National welfare fund "Samruk-Kazyna".

16. The amount of investments of Fund into the financial instruments issued (provided) by bank of the second level of the Republic of Kazakhstan constitutes the following values:

at the expense of own assets - less than ten percent from own assets of Fund;

at the expense of pension and own assets in total or only at the expense of pension assets or own assets - less than thirty five percent from the size of equity of this bank (except for the financial agencies and issuers of mortgage bonds).

17. The share of the voting shares issued by one bank of the second level of the Republic of Kazakhstan acquired by Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets constitutes value less than ten percent from total quantity of voting shares of this bank.

18. The share of the placed shares issued by one bank of the second level of the Republic of Kazakhstan acquired by Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets constitutes value less than ten percent from total quantity of placed shares of this bank.

19. The total amount of investments of Fund into the financial instruments issued (provided) by bank of the second level of the Republic of Kazakhstan and the issuers who are affiliates of this bank, and also trustees in ten and more percent of the voting shares of this bank belonging to his large shareholders at the expense of own assets constitutes value less than ten percent from own assets of Fund.

If the issuer - the affiliate of bank, not being bank of the second level of the Republic of Kazakhstan, and also the trustee in ten and more percent of the voting shares of this bank belonging to his large shareholders perform release of mortgage bonds, then the total amount of investments of Fund into these mortgage bonds does not exceed the values established by Items 21 and 22 of the List.

20. The amount of investments of Fund into the financial instruments issued (provided) by the organization of the Republic of Kazakhstan which is not bank of the second level of the Republic of Kazakhstan constitutes the following values:

at the expense of own assets - less than ten percent from own assets of Fund;

at the expense of pension and own assets in total or only at the expense of pension assets or own assets - less than twenty five percent from the size of equity of this issuer (except for the financial agencies, issuers of the mortgage bonds, infrastructure bonds and bonds issued under the guarantee of the state or financial agency).

21. The share of debt securities of one release of the organization of the Republic of Kazakhstan which is not bank of the second level of the Republic of Kazakhstan, acquired by Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets constitutes value less than twenty five percent from total quantity of debt securities of this release of the issuer.

22. The share of the voting shares issued by the organization of the Republic of Kazakhstan which is not bank of the second level of the Republic of Kazakhstan acquired by Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets constitutes value less than ten percent from total quantity of voting shares of this issuer.

23. The total amount of investments of Fund into the financial instruments issued (provided) by the organization of the Republic of Kazakhstan which is not bank of the second level of the Republic of Kazakhstan and the issuers who are affiliates of this organization, and also trustees in ten and more percent of its voting shares belonging to large shareholders at the expense of own assets constitutes value less than ten percent from own assets of Fund.

24. The amount of investments of Fund into the financial instruments issued (provided) by the nonresident issuer of the Republic of Kazakhstan constitutes the following values:

at the expense of own assets - less than ten percent from own assets of Fund;

at the expense of pension and own assets in total or only at the expense of pension assets or own assets - less than twenty five percent from the size of equity of this issuer or his parent organization if according to non-state debt securities of the issuer the warranty of the parent organization which size corresponds to complete amount of release of non-state debt securities of this issuer is had.

If the parent organization of the issuer is the bank of the second level, then the amount of investments of Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets in the financial instruments issued (provided) by this nonresident issuer of the Republic of Kazakhstan constitutes less than thirty five percent from equity of this bank of the second level.

25. The share of debt securities of one release of the nonresident issuer of the Republic of Kazakhstan acquired by Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets constitutes value less than twenty five percent from total quantity of debt securities of this release of the issuer.

26. The share fraction, issued by one nonresident issuer of the Republic of Kazakhstan, acquired by Fund at the expense of pension and own assets in total or only at the expense of pension assets or own assets, constitutes less than ten percent from total quantity of shares of this issuer.

27. The amount of investments of Fund into the securities of foreign issuers nominated in foreign currency at the expense of own assets constitutes less than fifty percent from own assets of Fund, from them in securities of the foreign issuers having rating assessment below "VVV" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or rating assessment of similar level of one of other rating agencies - less than ten percent from the general size of own assets.

28. The amount of investments of Fund into shares of interval mutual investment fund which managing company is the legal entity created according to the legislation of the Republic of Kazakhstan included in the official listing of stock exchange, constitutes the following values:

1) at the expense of own assets - less than ten percent from own assets of Fund;

2) at the expense of own and pension assets in total or only at the expense of pension assets or own assets - less than ten percent from net assets of this interval mutual investment fund.

29. The total amount of investments of Fund into the shares of the interval mutual investment funds which are in management at one managing company, being the legal entity created according to the legislation of the Republic of Kazakhstan, included in the official listing of stock exchange and financial instruments issued (provided) by this managing company at the expense of own assets constitutes value less than ten percent from own assets of Fund.

30. The amount of investments of Fund into the securities having the status state, issued (provided) central government one foreign state, at the expense of own assets constitutes value less than ten percent from own assets of Fund.

31. The amount of investments of Fund into the financial instruments issued (provided) by one international financial institution at the expense of own assets constitutes value less than ten percent from own assets of Fund.

32. The size of remaining balance of money in cash desk of Fund for the end of day constitutes value less than ten percent from the size of own assets of Fund.

The maximum remaining balance of money on current accounts of Fund in one bank of the second level of the Republic of Kazakhstan constitutes value less than ten percent from the size of own assets of Fund.

33. The total amount of investments of Fund into the affined precious metals and metal deposits at the expense of own assets constitutes value less than ten percent from own assets of Fund.

34. The investment limits set by this Chapter do not extend to government securities of the Republic of Kazakhstan and debt securities issued by joint-stock company "National welfare fund "Samruk-Kazyna".

35. In case of discrepancy of the values calculated according to Items 16, 20 and 24 Lists as a result of decrease in equity of bank of the second level of the Republic of Kazakhstan, the organization of the Republic of Kazakhstan which is not bank of the second level, and the issuer - the nonresident of the Republic of Kazakhstan, the Fund reports in authorized body within 1 (one) working day about the fact and the reasons of this discrepancy with appendix of the actions plan on its elimination within 4 (four) months from the date of approach of the above-stated event.

36. In case of discrepancy of the values calculated according to Items 17, of 18, 22 and 26 Lists as a result of the reasons independent of Fund, the Fund reports in authorized body within 1 (one) working day about the fact and the reasons of this discrepancy with appendix of the actions plan on its elimination within 2 (two) months from the date of approach of the above-stated event.

Appendix

to the List of prudential standard rates, their normative values, technique of calculations for the Voluntary accumulation pension funds

The table of calculation of values of prudential standard rates for the Voluntary accumulation pension funds

№	Name of indicator	The amount on balance	The considered amount (as a percentage)
1	2	3	4
1	Money and deposits of everything, including:
1.1	money in cash desk in the amount which is not exceeding 10 (ten) percent from the amount of assets on balance of the Voluntary accumulation pension fund (further - Fund)		100
1.2	money on current accounts in the banks of the second level of the Republic of Kazakhstan specified in lines 1.9 and 1.10 of this appendix		100
1.3	money on current accounts in the banks of the second level of the Republic of Kazakhstan specified in line 1.11 of this appendix		90
1.4	money on accounts in the central depositary		100
1.5	the money of Fund 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		100
1.6	money on current accounts in the nonresident banks of the Republic of Kazakhstan having long-term credit rating is not lower than "VVV-" on the international scale of the Standard &Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		100
1.7	money on accounts in the nonresident organizations of the Republic of Kazakhstan performing functions, stipulated in Item 1 article 59 of the Law of the Republic of Kazakhstan "About the security market", having long-term credit rating is not lower than "VVV" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		100
1.8	money on accounts in the nonresident organizations of the Republic of Kazakhstan which are the member of International association concerning servicing of securities		100
1.9	deposits in banks of the second level of the Republic of Kazakhstan provided that these banks are the issuers included in category "premium" of the sector of "share" of the Main platform of the official listing of stock exchange or issuers whose shares are in the representative list of the stock exchange index		100
1.10	deposits in the banks of the second level of the Republic of Kazakhstan corresponding to one of the following requirements: have long-term credit rating not below "B" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, or rating assessment not below "kzBB+" 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; are affiliated resident banks of the Republic of Kazakhstan which parent nonresident banks of the Republic of Kazakhstan have long-term credit rating in foreign currency not below "And -" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		100
1.11	deposits in the banks of the second level of the Republic of Kazakhstan having long-term credit rating "In -" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, or rating from "kzBB" to "kzBB-" 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		90
1.12	deposits in the international financial institutions having long-term rating are not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, deposits in Eurasian Development Bank in national currency of the Republic of Kazakhstan		100
1.13	deposits in the nonresident banks having long-term rating are not lower than "VVV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		100
2	Debt securities (except for the debt securities which are the transaction subject of "the return repo" concluded with participation of the central partner) – everything, including:
2.1	government securities of the Republic of Kazakhstan, including emitted according to the legislation of other states, issued by the Ministry of Finance of the Republic of Kazakhstan and National Bank of the Republic of Kazakhstan		100
2.2	the debt securities issued by local executive bodies of the Republic of Kazakhstan, included in the official listing of the stock exchange performing activities in the territory of the Republic of Kazakhstan		100
2.3	the debt securities issued by the legal entity performing the redemption of mortgage loans of the physical persons which are not connected with business activity which hundred percent of shares belong to National Bank of the Republic of Kazakhstan		100
2.4	the debt securities issued by joint-stock companies "Development Bank of Kazakhstan", "National welfare fund "Samruk-Kazyna", "National managing holding "Bayterek", "Fund of the Problem Credits" according to the legislation of the Republic of Kazakhstan and other states		100
2.5	the non-state debt securities of legal entities of the Republic of Kazakhstan issued according to the legislation of the Republic of Kazakhstan and other states, included in the sector in "debt securities" of the Main platform of the official listing of stock exchange, or the non-state debt securities of legal entities of the Republic of Kazakhstan admitted to public trading on the stock exchange functioning in the territory of the International financial center "Astana", the "debt securities" of the Main platform of the official listing of stock exchange conforming to requirements of stock exchange for inclusion in the sector		90
2.6	the non-state debt securities of legal entities of the Republic of Kazakhstan issued according to the legislation of the Republic of Kazakhstan and other states, included in the sector in "debt securities" of the Alternative platform of the official listing of stock exchange, or the non-state debt securities of legal entities of the Republic of Kazakhstan admitted to public trading on the stock exchange functioning in the territory of the International financial center "Astana", the "debt securities" of the Alternative platform of the official listing of stock exchange conforming to requirements of stock exchange for inclusion in the sector		60
2.7	the non-state debt securities of legal entities of the Republic of Kazakhstan issued according to the legislation of the Republic of Kazakhstan and other states, having (which issuer has) rating assessment not below "VV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, or rating are not lower than "kzA-" 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		100
2.8	the non-state debt securities of legal entities of the Republic of Kazakhstan issued according to the legislation of the Republic of Kazakhstan and other states, having (which issuer has) rating assessment from "In +" to "In -" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, or rating from "kzBBB+" to "kzBB-" 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		85
2.9	the non-state debt securities issued by the international financial institutions having international rating are not lower than "AA-" of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, and also securities issued by Eurasian Development Bank and nominated in national currency of the Republic of Kazakhstan		100
2.10	debt securities of the foreign states having sovereign rating are not lower than "VVV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		100
2.11	debt securities of the foreign states having sovereign rating from "BB+" to "VV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		90
2.12	debt securities of the foreign states having sovereign rating from "In +" to "In -" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies		80
2.13	the non-state debt securities of foreign issuers having (which issuer has) rating assessment not below "VVV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of one of other rating agencies		100
2.14	the non-state debt securities of foreign issuers having (which issuer has) rating assessment from "BB+" to "VV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of one their other rating agencies		85
2.15	the non-state debt securities of foreign issuers having (which issuer has) rating assessment from "In +" to "In -" on the international scale of the Standard &Poor agency "s (Standard энд Purs) or the rating of one their other rating agencies		70
3	Shares and depositary receipts (except for shares and depositary receipts which are the transaction subject of "the return repo" concluded with participation of the central partner) – everything, including:
3.1	shares of legal entities of the Republic of Kazakhstan and the foreign issuers who are part of the main stock indexes, and depositary receipts which underlying asset are these shares		100
3.2	the shares of legal entities included in the official listing of stock exchange, conforming to requirements of category "premium" of the sector of "share" of the Main platform of the official listing of stock exchange and depositary receipts basic assets of which are these shares		100
3.3	shares of legal entities – residents of the Republic of Kazakhstan, the sectors of "share" of the Main platform of the official listing of stock exchange, or the share of legal entities included in category "standard" - residents of the Republic of Kazakhstan, included in the official listing of the stock exchange functioning in the territory of the International financial center "Astana", admitted to public trading, and depositary receipts which underlying asset are these shares, except for shares and depositary receipts which underlying asset are these shares, 3.4 presents of appendix specified in line		80
3.4	the shares of legal entities of the Republic of Kazakhstan included in the sector of "share" of the Alternative platform of the official listing of stock exchange, or the shares of legal entities of the Republic of Kazakhstan included in subsection of the official listing "Segment of the Regional Stock Market" of the stock exchange functioning in the territory of the International financial center "Astana", admitted to public trading and depositary receipts which underlying asset are these shares		60
3.5	shares of legal entities of the Republic of Kazakhstan and the foreign issuers having rating assessment not below "VVV-" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, and depositary receipts which underlying asset are these shares		100
3.6	shares of legal entities of the Republic of Kazakhstan and the foreign issuers having rating assessment from "BB+" to "VV-" on the international scale of the Standard &Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, and depositary receipts which underlying asset are these shares		80
3.7	shares of legal entities of the Republic of Kazakhstan and the foreign issuers having rating assessment from "In +" to "In -" on the international scale of the Standard & Poor agency "s (Standard энд Purs) or the rating of similar level of one of other rating agencies, and depositary receipts which underlying asset are these shares		60

4	Other securities - everything, including:
4.1	the securities of investment funds included in the official listing of stock exchange		70
4.2	shares of Exchange Traded Funds (ETF) (Ekscheyndzh Treyded of Fands) which structure of assets repeats structure of one of the main stock indexes, or pricing on shares of which it is tied to the main stock indexes		90
4.3	shares of Exchange Traded Funds (ETF) (Ekscheyndzh Treyded Fands) Exchange Traded Commodities (ETC) (Ekscheyndzh Treyded Kommoditis), Exchange Traded Notes (ETN) (Ekscheyndzh Treyded Nouts) having rating assessment not below "3 stars" of Morningstar rating agency (Morninstar)		80
4.4	the securities which are the transaction subject of "the return repo" concluded with participation of the central partner		100
5	Other assets – everything, including:
5.1	the affined precious metals and metal accounts		100
5.2	receivables (except for receivables of affiliates of Fund) on the added, but not paid commission fee within implementation of professional activity in the security market (not delayed under the terms of the agreement) - in the amount which is not exceeding 10 (ten) percent from the amount of assets on balance of Fund		100
5.3	the requirements to issuers of securities on payment of nominal value of securities which arose in connection with the expiration of their address provided by the prospectus of issue of securities (are not delayed under the terms of the prospectus of issue of securities)		100
5.4	fixed assets of Fund in the form of real estate in the amount which is not exceeding 5 (five) percent from the amount of assets on balance of Fund		100
6	Total quick assets
7	Obligations on balance
8	Minimum size of equity
9	Coefficient of sufficiency of equity

Appendix 2

to 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. 41

The list of regulatory legal acts of the Republic of Kazakhstan, and also separate structural elements of regulatory legal acts of the Republic of Kazakhstan which are recognized invalid

1. The resolution of Board of National Bank of the Republic of Kazakhstan of August 27, 2013 No. 236 "About approval of the List of prudential standard rates, their normative values and techniques of calculations for the Voluntary accumulation pension funds" (it is registered in the Register of state registration of regulatory legal acts at No. 8794).

2. The resolution of Board of National Bank of the Republic of Kazakhstan of July 16, 2014 No. 152 "About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning prudential regulation of activities of the financial organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 9732).

3. Item 12 of the List of regulatory legal acts of the Republic of Kazakhstan concerning the official listing of securities of stock exchange to which changes are made, the Board of National Bank of the Republic of Kazakhstan approved by the resolution of December 24, 2014 No. 244 "About modification of some regulatory legal acts of the Republic of Kazakhstan concerning the official listing of securities of stock exchange" (it is registered in the Register of state registration of regulatory legal acts at No. 10339).

4. Item 7 of the List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of the security market to which changes are made the Board of National Bank of the Republic of Kazakhstan approved by the resolution of March 27, 2017 No. 54 "About approval of Requirements to the issuers and their securities allowed to the address on the stock exchange and also to separate categories of the official listing of stock exchange and modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the security market" (it is registered in the Register of state registration of regulatory legal acts at No. 15175).

5. Item 4 of the List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market to which changes and additions are made the Board of National Bank of the Republic of Kazakhstan approved by the resolution of September 10, 2019 No. 151 "About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the financial market" (it is registered in the Register of state registration of regulatory legal acts at No. 19369).

6. Item 2 of the List of regulatory legal acts of the Republic of Kazakhstan concerning prudential regulation to which changes and additions are made the Board of National Bank of the Republic of Kazakhstan approved by the resolution of November 28, 2019 No. 214 "About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning prudential regulation" (it is registered in the Register of state registration of regulatory legal acts at No. 19688).

7. Item 1 of the List of regulatory legal acts of the Republic of Kazakhstan concerning regulation of activities of subjects of the security market to which changes are made the Board of the Agency of the Republic of Kazakhstan approved by the resolution on regulation and development of the financial market of February 14, 2022 No. 5 "About modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of activities of subjects of the security market" (it is registered in the Register of state registration of regulatory legal acts at No. 26863).

 

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