RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 27, 2023 No. 87

About modification and amendments in some resolutions of Board of National Bank of the Republic of Kazakhstan concerning conducting financial accounting and accounts presentation"

The board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the List of some resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation are made (further – the List), according to appendix to this resolution.

2. To provide to accounting department of National Bank of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department of National Bank of the Republic of Kazakhstan 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 National Bank of the Republic of Kazakhstan after its official publication;

3) within ten working days after state registration of this resolution submission to Legal department of National Bank of the Republic of Kazakhstan of data on execution of the action provided by the subitem 2) of this Item.

3. To impose control of execution of this resolution on the supervising vice-chairman of National Bank of the Republic of Kazakhstan.

4. This resolution becomes effective after ten calendar days after day of its first official publication, except for:

1) paragraphs of the sixteenth and seventeenth Item 9 of the List which become effective since December 1, 2023;

2) paragraphs of the fifth, sixth, twelfth, thirteenth, fourteenth, twenty third, twenty fourth, twenty fifth, twenty sixth, twenty seventh, thirty seventh, thirty eighth, thirty ninth, fortieth, forty first, forty second, forty third, forty fourth, forty fifth Item 2 of the List, second, third, fourth, fifth, seventh, eighth, twenty fifth, twenty sixth, twenty seventh, twenty eighth, twenty ninth, thirtieth, thirty first, thirty second, thirty third, thirty fourth, thirty fifth, thirty sixth, thirty seventh, thirty eighth, thirty ninth, fortieth item 4 of the List, second, third, ninth, tenth, eleventh, twelfth, thirteenth, fourteenth, fifteenth, sixteenth, seventeenth, eighteenth Item 5 of the List, the fifth, the sixth, the seventh, eighteenth, nineteenth, the twentieth, twenty first, twenty second, twenty third, twenty fourth, twenty fifth, twenty sixth, thirty fifth, fortieth Item 6 of the List which become effective since January 1, 2024.

It is approved Ministry of Finance of the Republic of Kazakhstan

It is approved Agency of the Republic of Kazakhstan on regulation and development of the financial market

It is approved Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan

Appendix

to the Resolution of Board of National Bank of the Republic of Kazakhstan of November 27, 2023 No. 87

The list of some resolutions of Board of National Bank of the Republic of Kazakhstan to which changes and additions concerning conducting financial accounting and accounts presentation are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 30, 2007 No. 134 "About approval of the Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks and branches of nonresident banks of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 5089) the following changes:

in the Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks and branches of nonresident banks of the Republic of Kazakhstan approved by the specified resolution:

to state heading of Chapter 3 in the following edition:

"Chapter 3. Accounting of assets of investment funds by bank custodian";

state Item 32 in the following edition:

"32. The money of clients accepted by bank custodian based on the custodial contract, and transaction with the money accepted according to the custodial agreement and also gained investment revenue (expense) is considered on the following balance sheet accounts:

2012 "Correspondent accounts of foreign Central Banks" - if the custodial agreement is signed with foreign Central Bank;

2013 "Correspondent accounts of other banks" - if the custodial agreement is signed with bank (except foreign Central Bank);

2202 "Not invested bank account balances, the money of the clients managing investment portfolio" intended for accounting - if the custodial agreement is signed with managing investment portfolio and (or) the Voluntary accumulation pension fund.

Financial accounting of other assets accepted by bank custodian based on the custodial agreement is performed on off-balance accounts of account group 7700 "The assets accepted on custodial storage, except for pension assets of the Voluntary accumulation pension funds" provided by the Standard chart of accounts of financial accounting.";

1) of Item 33 to state the subitem in the following edition:

"1) on amount of money:

Дт	1051	"Correspondent account in National Bank of the Republic of Kazakhstan"
	1052	"Correspondent accounts in other banks"
Кт	2012	"Correspondent accounts of foreign Central Banks"
	2013	"Correspondent accounts of other banks"
	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank investment account) intended for accounting;";

state Item 34 in the following edition:

"34. In case of placement of the money accepted based on the custodial agreement, receipt of investment revenue (expense) and making of other financial instrument transactions, accepted based on the custodial agreement, in addition to the accounting entries provided by this Instruction accounting entries on the debit and (or) the credit of the balance sheet accounts 1051 "Correspondent Account in National Bank of the Republic of Kazakhstan", 1052 "Correspondent accounts in other banks" and to the credit and (or) the debit of the balance sheet accounts 2012 "Correspondent Accounts of Foreign Central Banks", 2013 "Correspondent accounts of other banks", 2202 "Not invested bank account balances, the money of the clients managing investment portfolio" respectively" intended for accounting are performed.;

to state heading of Chapter 4 in the following edition:

"Chapter 4. Accounting of the pension assets accepted based on the custodial agreement";

71, of 72, 73 and 74 to state Items in the following edition:

"71. In case of receipt of pension contributions of investors on the bank investment account of the Voluntary accumulation pension fund the following accounting entry is performed:

Дт	1051	"Correspondent account in National Bank of the Republic of Kazakhstan"
	1052	"Correspondent accounts in other banks"
	2013	"Correspondent accounts of other banks"
Кт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank investment account) intended for accounting.

72. When implementing transfers of pension savings in the single accumulation pension fund, the Voluntary accumulation pension funds and banks servicing receivers of retirement benefits from the bank account of retirement benefits of the Voluntary accumulation pension fund, according to the custodial agreement the following accounting entries are performed:

1) on transfer of the amount from the bank investment account of the Voluntary accumulation pension fund for the bank account of retirement benefits of the Voluntary accumulation pension fund:

Дт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank investment account) intended for accounting
Кт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank account of retirement benefits) intended for accounting;

2) on transfer of the amount into bank account, the servicing receiver of retirement benefits:

Дт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank account of retirement benefits) intended for accounting.
Кт	1052	"Correspondent accounts in other banks"
	2013	"Correspondent accounts of other banks".

73. In case of return of the amounts which arrived on the bank investment account of the Voluntary accumulation pension fund and recognized as mistakenly enlisted the following accounting entry is performed:

Дт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank account of retirement benefits) intended for accounting
Кт	1052	"Correspondent accounts in other banks"
	2011	"Correspondent accounts of National Bank of the Republic of Kazakhstan"
	2013	"Correspondent accounts of other banks".

74. In case of placement of the money accepted based on the custodial agreement, receipt of investment revenue (expense) and making of other transactions with pension assets in addition to the accounting entries provided by this Instruction accounting entries on the debit and (or) the credit of the balance sheet accounts 1051 "Correspondent Account in National Bank of the Republic of Kazakhstan", 1052 "Correspondent accounts in other banks", 2011 "Correspondent accounts of National Bank of the Republic of Kazakhstan", 2013 "Correspondent accounts of other banks" and to the credit and (or) the debit of the balance sheet account 2202 "Not Invested Bank Account Balances, the Money of the Clients Managing Investment Portfolio Intended for Accounting" respectively are performed".;

state Item 76 in the following edition:

"76. In case of transfer on the bank investment account of the Voluntary accumulation pension fund of the amount of the penalty fee added for untimely placement of pension assets the following accounting entry is performed:

Дт	1051	"Correspondent account in National Bank of the Republic of Kazakhstan"
	1052	"Correspondent accounts in other banks"
Кт	2012	"Correspondent accounts of foreign Central Banks"
	2013	"Correspondent accounts of other banks"
	2202	"Not invested bank account balances, the money of the clients managing investment portfolio" (the bank investment account) intended for accounting.";

state Item 91 in the following edition:

"91. In case of compensation and payment by managing investment portfolio, the Voluntary accumulation pension fund of the expenses made by bank custodian, which are subject to compensation according to the custodial agreement, and also payment of the added amounts of commission fee of bank custodian, the following accounting entry is performed:

Дт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio intended for accounting"
Кт	1819	"The added commission income on professional activity in the security market"
	1860	"Other debtors on banking activity".";

state Item 93 in the following edition:

"93. In case of repayment of the added overdue remuneration for rendered to the managing director of investment portfolio, the Voluntary accumulation pension fund of service based on the custodial agreement, and also the added penalty amount (penalty, penalty fee) the following accounting entries are performed:

1) on the amount of the added overdue remuneration:

Дт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio intended for accounting"
Кт	1839	"The overdue commission income on professional activity in the security market";

2) on the penalty amount (penalty, penalty fee):

Дт	2202	"Not invested bank account balances, the money of the clients managing investment portfolio intended for accounting"
Кт	1860	"Other debtors on banking activity".".

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of September 22, 2008 No. 79 "About approval of the Standard chart of accounts of financial accounting for certain subjects of the financial market of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 5348) the following changes and amendments:

in the Standard chart of accounts of financial accounting for certain subjects of the financial market of the Republic of Kazakhstan approved by the specified resolution:

in Chapter 2:

in paragraph 1:

after account 1060 62 to add with account 1060 63 following of content:

"1060 63

Target assets";

after account 1060 63 to add with accounts 1070, 1071 and 1072 following of content:

"1070	Electronic money
1071	Electronic money issued by National Bank of the Republic of Kazakhstan
1072	Electronic money issued by banks and the National operator of mail";

in paragraph 3:

after account 3390 72 to add with accounts 3390 73 and 3390 74 following of content:

"3390 73	Target accumulatings
3390 74	The obligation on payment of target accumulatings";

after account 3540 to add with accounts 3550 and 3550 of 01 following contents:

"3550	Obligations on the issued electronic money
3550 01	Obligations on the issued electronic money";

in paragraph 7:

state the account name 7220 01 in the following edition:

"7220 01

Expenses on the social tax and social payments";

in Chapter 3:

in paragraph 1:

after the description of account 1060 62 to add with number, the name and the description of account 1060 63 following of content:

"1060 63" target assets" (active).

Appointment: accounting of money in the form of the target assets intended for providing and implementation of payments of target accumulatings, and also other purposes, according to the legislation of the Republic of Kazakhstan which arrived on the current account of the single accumulation pension fund.

On the debit of the account the amount of the target assets intended for providing and implementation of payments of target accumulatings, and also other purposes which arrived on the current account of the single accumulation pension fund is carried out.

On the credit of the account write-off of the amounts from the current account of the single accumulation pension fund is carried out.";

after the description of account 1060 63 to add with numbers, names and descriptions of accounts 1071 and 1072 of the following content:

"1071" electronic money issued by National Bank of the Republic of Kazakhstan" (active).

Purpose of the account: Accounting of the amounts of electronic money issued by National Bank of the Republic of Kazakhstan.

On the debit of the account the amounts of electronic money issued by National Bank of the Republic of Kazakhstan are carried out.

On the credit of the account write-off of the amounts of electronic money issued by National Bank of the Republic of Kazakhstan is carried out.

1072 "Electronic money issued by banks and the National operator of mail" (active).

Purpose of the account: Accounting of the amounts of electronic money issued by banks and the National operator of mail.

On the debit of the account the amounts of electronic money issued by banks and the National operator of mail are carried out.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info