ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of May 21, 2025 No. 353

About approval of the list of the permitted financial instruments and transactions with them, except for intangible assets, for placement of National fund of the Republic of Kazakhstan

According to item 4 of Article 57 of the Budget code of the Republic of Kazakhstan the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed list of the permitted financial instruments and transactions with them, except for intangible assets, for placement of National fund of the Republic of Kazakhstan.

2. Recognize invalid some decisions of the Government of the Republic of Kazakhstan according to appendix to this resolution.

3. This resolution becomes effective after ten calendar days after day of its first official publication and extends to the legal relationship which arose since January 1, 2025.

Approved by the Order of the Government of the Republic of Kazakhstan of May 21, 2025, No. 353

The list of the permitted financial instruments and transactions with them, except for intangible assets, for placement of National fund of the Republic of Kazakhstan

1. Foreign financial instruments, including the tools which are traded on the foreign financial markets:

1) government and agency securities;

2) municipal securities within investment into the government and agency securities;

3) securities of the international financial institutions (IFI);

4) corporate securities;

5) convertible securities within investment into corporate securities;

6) securities on the security of the real estate (Mortgage-backed security - MBS) and assets (Asset-backed security - ABS);

7) shares;

8) derivative financial instruments;

9) structural products;

10) currencies;

11) money market funds;

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