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 December 25, 2006 No. 295

About approval of Rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to voluntary liquidation of banks, and also return of deposits of physical persons, their transfer in other bank

For the purpose of enhancement of the regulatory legal acts regulating activities of banks of the second level, Board of the Agency of the Republic of Kazakhstan for regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve the enclosed Rules of issue of permission to voluntary reorganization of bank (bank holding) or refusal in issue of permission, issue of permission to voluntary liquidation of banks, and also return of deposits of physical persons, their transfer in other bank.

2. This resolution becomes effective after fourteen days from the date of its state registration in the Ministry of Justice of the Republic of Kazakhstan.

3. To department of supervision of banks (Rayeva R. E.):

1) together with Legal department (Baysynov M. B.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution to bring it to the attention of the interested divisions of the Agency, Consolidation of legal entities "The association of financiers of Kazakhstan".

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