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. 32

About approval of Rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations which are compulsorily stopping activities of branches of nonresident banks of the Republic of Kazakhstan and Requirements imposed to the chairman and members of liquidation commission compulsorily liquidated the bank, the insurance (reinsurance) organization which is compulsorily stopping activities of branch of nonresident bank of the Republic of Kazakhstan

In compliance with Items 2 and 4 of Article 121 and article 127 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", Item 1 of article 70 of the Law of the Republic of Kazakhstan "About insurance activity" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve enclosed:

1) Rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations which are compulsorily stopping activities of branches of nonresident banks of the Republic of Kazakhstan;

2) Requirements imposed to the chairman and members of liquidation commission compulsorily liquidated the bank, the insurance (reinsurance) organization which is compulsorily stopping activities of branch of nonresident bank of the Republic of Kazakhstan.

2. Recognize invalid some resolutions of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market, and also structural element of the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market according to appendix to this resolution.

3. To provide to department of bank regulation 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 actions 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, except for parts two of Item 5 of Rules which becomes effective since July 12, 2026.

Approved by 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. 32

Rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations which are compulsorily stopping activities of branches of nonresident banks of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of appointment and release of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations which are compulsorily stopping activities of branches of nonresident banks of the Republic of Kazakhstan (further – Rules) are developed according to Item 2 of Article 121 and article 127 of the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", Item 1 of article 70 of the Law of the Republic of Kazakhstan "About insurance activity" and determine procedure for appointment and release by authorized body by regulation, control and supervision of the financial market and the financial organizations (further – authorized body) the chairman and members of liquidation commissions of compulsorily liquidated banks, the insurance (reinsurance) organizations (further – the liquidated banks, the insurance (reinsurance) organization), and also the branches of nonresident banks of the Republic of Kazakhstan which are compulsorily stopping activities.

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