THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET

of March 31, 2026 No. 31

About approval of Rules of issue of permission to bank, insurance (reinsurance) organization to creation or acquisition of the affiliated organization, on considerable equity participation of the organization, on creation or acquisition by bank of the affiliated organization for management of stressful assets, response and (or) cancellations of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations

According to Item 7 of article 32 of the Law of the Republic of Kazakhstan "About insurance activity", Item 6 of article 9-6 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations", Item 7 of Article 29 and Item 1 of article 30 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", the subitem 1) article 10 of the Law of the Republic of Kazakhstan "About the state and socially responsible services", Item 2 of article 12 of the Law of the Republic of Kazakhstan "About permissions and notifications" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve the enclosed Rules of issue of permission to bank, insurance (reinsurance) organization to creation or acquisition of the affiliated organization, on considerable equity participation of the organization, on creation or acquisition by bank of the affiliated organization for management of stressful assets, response and (or) cancellations of permission to creation, acquisition of the affiliated organization, considerable equity participation of the organizations (further – Rules).

2. Recognize invalid resolutions of Board of National Bank of the Republic of Kazakhstan, Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market, and also structural elements of some resolutions of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market according to the enclosed list.

3. To provide to department of the insurance market and actuarial calculations in the procedure established by the legislation of the Republic of Kazakhstan:

1) together with Legal department 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 the Agency of the Republic of Kazakhstan on regulation and development of the financial market after its official publication;

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

4. To impose control of execution of this resolution on the supervising vice-chairman of the Agency of the Republic of Kazakhstan on regulation and development of the financial market.

5. This resolution becomes effective after ten calendar days after day of its first official publication.

Suspend till July 12, 2026:

Item 3 of Rules, having determined that during suspension this Item is effective in the following edition:

"3. Information on the made changes and (or) additions in Rules is placed on official Internet resource of authorized body, goes to the operator of information and communication infrastructure of "the electronic government" and Single contact center within 3 (three) working days from approval date of the corresponding regulatory legal act.";

parts one of item 4 of Rules, having determined that during suspension this Item is effective in the following edition:

"4. For receipt of permission to creation or acquisition of the affiliated organization the uslugopoluchatel provides "the electronic government" of www.egov.kz, in electronic form by means of the web portal (further – the portal) the statement on receipt of permission to creation or acquisition of the affiliated organization for form according to appendix 1 to Rules, with application of documents, the main requirements to rendering the state service specified in the List according to appendix 2 to Rules (further – the List of the main requirements to rendering the state service).";

lines sequence number 2 of Appendix 2 to Rules, having determined that during suspension this line is effective in the following edition:

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