of December 22, 2023 No. 91
About modification and amendments in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of September 12, 2022 No. 63 "About approval of requirements to risk management system and internal control in "Fund of Guaranteeing Insurance Payments" joint-stock company
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 the Agency of the Republic of Kazakhstan on regulation and development of the financial market of September 12, 2022 No. 63 "About approval of requirements to risk management system and internal control in "Fund of Guaranteeing Insurance Payments" joint-stock company (it is registered in the Register of state registration of regulatory legal acts at No. 29698) the following changes and amendments:
in the Requirements to risk management system and internal control in "Fund of Guaranteeing Insurance Payments" joint-stock company approved by the specified resolution:
state Item 2 in the following edition:
"2. In Requirements the following concepts are used:
1) the management reporting - the instrument of internal control and assessment of activities of Fund;
2) guaranteeing reserves - indemnification reserve, reserve of guaranteeing insurance payments for industry "general insurance" and reserve of guaranteeing insurance payments for industry "life insurance", according to the Law of the Republic of Kazakhstan "About Fund of guaranteeing insurance payments";
3) komplayens-culture - culture of observance by Fund and its workers of requirements of the civil, tax, insurance legislation of the Republic of Kazakhstan, the legislation of the Republic of Kazakhstan on Fonda, on state regulation, control and supervision of the financial market and the financial organizations, about financial accounting and the financial reporting, about joint-stock companies, and also internal documents of Fund;
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