RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of March 19, 2025 No. 17

About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of July 1, 2011 No. 68 "About approval of the Instruction for conducting financial accounting by certain subjects of the financial market" and recognition voided some resolutions of Board of National Bank of the Republic of Kazakhstan, and also structural elements of some resolutions of Board of National Bank of the Republic of Kazakhstan"

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

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of July 1, 2011 No. 68 "About approval of the Instruction for conducting financial accounting by certain subjects of the financial market" (it is registered in the Register of state registration of regulatory legal acts at No. 7121) the following changes and amendments:

state preamble in the following edition:

"According to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 2) of Item 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

in the Instruction for conducting financial accounting by certain subjects of the financial market approved by the specified resolution:

1, 2 and 3 to state Items in the following edition:

"1. This Instruction is developed according to the subitem 63) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 2) of Item 6 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and international accounting standards.

2. This Instruction disaggregates conducting financial accounting by the single accumulation pension fund, the Voluntary accumulation pension funds (further – the accumulation pension funds), the organizations performing separate types of banking activities (except for the mortgage organizations and legal entities which were earlier subsidiary banks), professional participants of the security market, the organizations performing microfinancial activities, insurance brokers and branches of insurance brokers - nonresidents of the Republic of Kazakhstan, the organization guaranteeing implementation of insurance payments to insurers (insured, to beneficiaries) in case of liquidation of insurance companies, managing directors of investment portfolio of assets of the clients who are in investment management (further – the organization), and the organizations performing broker activities in the security market (further – the broker), assets, the broker services received from clients under the agreement on rendering.

3. In this Instruction accounting methods of transactions of purchase and sale of financial assets for date of the conclusion of the transaction and for date of payment under the transaction according to international accounting standards are applied. The choice of one of the accounting methods of transactions of purchase and sale of financial assets specified in this Item is determined by accounting policy of the organization.

When conducting financial accounting of assets of the clients who are in investment management and the assets received from clients under the agreement on rendering broker services, the organization and the broker apply off-balance accounts according to 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 to 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).";

exclude Chapter 2;

state Item 10 in the following edition:

"10. After charge of remuneration and depreciation of award or discount (discount) according to Items 7 and 9 of this Instruction, revaluation of the acquired debt securities estimated at fair value which changes are reflected in profit or loss, and carried at fair value through other comprehensive income is made, at fair value, with the frequency established by accounting policy of the organization and the following accounting entries are performed:

1) according to the debt securities carried at fair value which changes are reflected in profit or loss:

if fair value of debt securities is higher than their cost at which they are reflected in the balance sheet less remuneration:

if the cost of debt securities at which they are reflected in the balance sheet less remuneration above their fair value:

on the amount of the registered positive or negative fair value adjustment of debt securities:

2) according to the debt securities carried at fair value through other comprehensive income:

if fair value of debt securities is higher than their cost at which they are reflected in the balance sheet less remuneration:

if the cost of debt securities at which they are reflected in the balance sheet less remuneration above their fair value:

on the amount of the registered positive or negative fair value adjustment of debt securities:

4) and 5) of Item 13 to state subitems in the following edition:

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