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

of September 28, 2026 No. 134

About introduction of amendments to some resolutions of Board of National Bank of the Republic of Kazakhstan and resolutions of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market concerning regulation of the financial market

Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market

1. Approve the enclosed List of resolutions of Board of National Bank of the Republic of Kazakhstan and Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market to which changes are made.

2. To provide to department of methodology and prudential regulation of the financial organizations 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.

3. 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.

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

Approved by the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of September 28, 2026 No. 134

The list of resolutions of Board of National Bank of the Republic of Kazakhstan and the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market to which changes are made

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of May 27, 2015 No. 94 "About approval of Requirements to external independent experts by the principles of Islamic financing, and also determination of cases of involvement of external independent experts by lessors by the principles of Islamic financing for receipt of the conclusion about compliance of transactions of Islamic leasing to the principles of Islamic financing" (it is registered in the Register of state registration of regulatory legal acts at No. 11660) the following changes:

state preamble in the following edition:

"According to Item 1 of article 24-2 of the Law of the Republic of Kazakhstan "About financial leasing" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

state Item 2 in the following edition, the text in Kazakh does not change:

"2. Involvement of external independent experts by lessors by the principles of Islamic financing for receipt of the conclusion about compliance of transactions of Islamic leasing to the principles of Islamic financing without creation of council on the principles of Islamic financing is allowed if for current date the amount of the leasing portfolio of the lessor (amount of debt of leasing recipients to the lessor on the current transactions) within Islamic lease financing does not exceed fifteen billion tenges.";

in the Requirements to external independent experts by the principles of Islamic financing approved by the specified resolution:

state Item 1 in the following edition:

"1. These Requirements to external independent experts by the principles of Islamic financing are developed according to Item 1 of article 24-2 of the Law of the Republic of Kazakhstan "About financial leasing" and determine requirements to external independent experts by the principles of Islamic financing (further - external independent experts).".

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 304 "About establishment of normative values and techniques of calculations of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, requirements, obligatory to observance, to the shares acquired by the insurance (reinsurance) organizations, the affiliated organizations of the insurance (reinsurance) organizations or insurance holdings (to shares in the authorized capital) legal entities, the list of bonds of the international financial institutions acquired by insurance holdings, the minimum required rating for the bonds acquired by insurance holdings and the list of rating agencies, and also the list of financial instruments (except for shares and shares in the authorized capital), acquired by the insurance (reinsurance) organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 14794) the following changes:

in the Normative values and method of calculation of prudential standard rates of the insurance (reinsurance) organization and insurance group and other regulations and limits, obligatory to observance, approved by the specified resolution:

2) of Item 10-2 to state the subitem in the following edition, the text in Kazakh does not change:

"2) the minimum size of equity of rating agency constitutes the amount equivalent to at least 600 000 000 (six hundred million) tenges;";

4) of Item 12 to state the subitem in the following edition, the text in Kazakh does not change:

"4) the amount of the insurance premiums calculated according to subitems 1), 2) and 3) of this Item in the amount of, not exceeding 3 500 000 000 (three billion five hundred million) tenges, is multiplied by 18 (eighteen) percent, the remained amount of exceeding is multiplied by 16 (sixteen) percent.

The received results are summed up and adjusted on the correction coefficient calculated according to the subitem 5) of this Item;";

5) of Item 13 to state the subitem in the following edition, the text in Kazakh does not change:

"5) the amount of the insurance payments calculated according to subitems 1), 2), 3) and 4) of this Item in the amount of, not exceeding 2 500 000 000 (two billion five hundred million) tenges, is multiplied by 26 (twenty six) percent, the remained amount of exceeding is multiplied by 23 (twenty three) percent.

The received results are summed up and adjusted on the correction coefficient calculated according to the subitem 5) of Item 12 of Standard rates.

If the insurance (reinsurance) organization did not perform insurance payments during the term specified in the subitem 1) of this Item, then calculation of the minimum size of margin of solvency is perfromed without use of "method of payments".";

10) of Item 34 to state the subitem in the following edition, the text in Kazakh does not change:

"10) insurance premiums to obtaining in the amount which is not exceeding 15 (fifteen) percent from the amount of highly liquid assets of the insurance (reinsurance) organization when insurer is:

the legal entity, more than 50 (fifty) percent of voting shares (shares in the authorized capital) which directly or indirectly belong to national managing holding;

the legal entity with rating not below "BB+" of Standard & Poor rating agency "s (Standard энд Purs) or other rating agencies;

the large systemically important enterprise corresponding to the following criteria:

the proceeds from sales of products (rendering services) constitute at least 50 (fifty) billion tenges annually for the last 2 (two) years;

tax assignments constitute at least 3 (three) billion tenges annually for the last 2 (two) years.

Insurance premiums to obtaining from insurers join in calculation of insurance value (reinsurance) organization taking into account their classification by quality and liquidity in case of payment by the insurer at least one twelfth part of insurance premium according to the insurance contract, taking into account additional (additional) agreements (agreements) to the insurance contract, or the first insurance premium under the agreement of accumulative insurance no later than the fifth working day following month under report.

Insurance premiums to obtaining from reinsurers join in calculation of insurance value (reinsurance) organization taking into account their classification by quality and liquidity in case of payment by the reinsurer at least one twelfth part of insurance premium under the agreement of reinsurance no later than the fifth working day following month under report.

(Reinsurance) organization taking into account their classification by quality and liquidity do not join in calculation of insurance value (except for receivables which arose in connection with placement of money on accounts at the organization performing broker and (or) dealer activities in the security market, or registered in the territory of the International financial center "Astana" in case of transactions with financial instruments (the money specified subitem in paragraph six 1) to part one of this Item):

receivables delayed under the terms of the contract for term more than 3 (three) working days;

receivables delayed under the terms of the contract for term more than 30 (thirty) calendar days for the insurance (reinsurance) organizations which share of insurance premiums on the class "sickness insurance" constitutes more than 80 (eighty) percent in total amount of insurance premiums on current agreements of insurance (reinsurance) on reporting date;

receivables formed according to insurance contracts (reinsurance), effective period of insurance (reinsurance) protection according to which did not come;

receivables of large participants, the affiliated organizations, organizations in which the insurance (reinsurance) organization is large participant or have considerable participation, and also other affiliated organizations.

If the insurance contract (reinsurance) provides payment of insurance premium by installments in the form of periodic insurance premiums, then in case of failure to pay by the insurer (reinsurer) the due insurance premium for reporting date, when calculating insurance value (reinsurance) organization taking into account their classification by quality and liquidity receivables amount remaining balance (the subsequent periodic insurance premiums) is considered overdue.";

1) of Item 41-1 to state the subitem in the following edition, the text in Kazakh does not change:

"1) revaluations of asset cost and obligations of the insurance (reinsurance) organization more, than for 10% within 30 (thirty) calendar days in connection with change of the stock exchange rate of tenge to foreign currencies;";

1) of Item 44-1 to state the subitem in the following edition, the text in Kazakh does not change:

"1) revaluations of asset cost and obligations of the insurance (reinsurance) organization more, than for 10% within 30 (thirty) calendar days, in connection with change of the stock exchange rate of tenge to foreign currencies;";

state Item 45-1 in the following edition:

"45-1. Risks insurance, connected with the sizes created and considered in the decentralized digital system using means of cryptography and (or) computer calculations, the financial instruments or financial assets which are not according to the civil legislation of the Republic of Kazakhstan and not containing right to claim against someone is not performed.";

state appendix 3 in edition according to appendix 1 to the List of some resolutions of Board of National Bank of the Republic of Kazakhstan and the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market to which changes are made (further – the List), the text in Kazakh does not change;

state appendix 4 in edition according to appendix 2 to the List, the text in Kazakh does not change;

state appendix 6 in edition according to appendix 3 to the List, the text in Kazakh does not change.

3. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 307 "About establishment of prudential standard rates for the National operator of mail" (the following change is registered in the Register of state registration of regulatory legal acts at No. 14786):

state appendix 1-1 in edition according to appendix 4 to the List, the text in Kazakh does not change.

4. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 26, 2016 No. 308 "About establishment of prudential standard rates and others regulations and limits, obligatory to observance by the mortgage organizations and organizations performing crediting of subjects of agro-industrial complex which hundred percent of voting shares directly or indirectly belong to national managing holding" (it is registered in the Register of state registration of regulatory legal acts at No. 14788) the following changes:

in Prudential standard rates and others obligatory to observance by the mortgage organizations and affiliated organizations of national managing holding in the field of agro-industrial complex of regulation and the limits approved by the specified resolution:

state Item 5 in the following edition, the text in Kazakh does not change:

"5. The minimum size of equity of the Organization constitutes 800 (eight hundred) million tenges.";

10) of Item 29 to state the subitem in the following edition:

"10) borrowers are connected among themselves on other bases provided by the laws of the Republic of Kazakhstan;";

6) of Item 32 to state the subitem in the following edition:

"6) requirements according to which the Organization assumed liability for the borrower for benefit of the third parties or before the borrower, and also on other bases provided by the laws of the Republic of Kazakhstan or the signed agreements;";

state Item 34 in the following edition:

"34. In cases when the total amount of requirements of the Organization to the borrower for date of their origin was in limits of the restrictions set by Prudential standard rates, but afterwards exceeded the specified restrictions in connection with decrease in level of equity of the Organization no more than for 5 (five) percent within the last 3 (three) months or in connection with increase in requirements of the Organization to the borrower because of increase in the weighted stock exchange rate of tenge to foreign currencies in which requirements to the borrower more than for 10 (ten) percent within the last 3 (three) months are expressed, the standard rate of the maximum extent of risk on one borrower is considered executed.

In the specified cases the Organization immediately informs authorized body on the fact of exceeding of restrictions and assumes obligations on elimination of exceeding within the current and next months. If this exceeding is not eliminated in the specified time, exceeding of the standard rate of the maximum extent of risk on one borrower is considered as violation of this standard rate from the date of identification of the specified exceeding.";

to state part one of Item 45 in the following edition, the text in Kazakh does not change:

"45. The coefficient of k6 is calculated as the relation of the amount of cumulative obligations of the Organization to nonresidents of the Republic of Kazakhstan and the debt securities released by the Organizations except for of the debt securities issued according to the legislation of the Republic of Kazakhstan on the security market in tenge to equity of the Organization and does not exceed 3.";

state appendix 1 in edition according to appendix 5 to the List, the text in Kazakh does not change;

state appendix 4 in edition according to appendix 6 to the List, the text in Kazakh does not change.

5. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of March 27, 2017 No. 54 "About approval of Requirements to the issuers and their securities allowed to the address on the stock exchange and also to separate categories of the official listing of stock exchange and modification of some regulatory legal acts of the Republic of Kazakhstan concerning regulation of the security market" (it is registered in the Register of state registration of regulatory legal acts at No. 15175) the following changes:

in the Requirements to the issuers and their securities allowed to the address on the stock exchange, and also to separate categories of the official listing of stock exchange, approved by the specified resolution:

state Item 3 in the following edition:

"3. The securities issued according to the legislation of others, in addition to the Republic of Kazakhstan, the states, included in the list (allowed to the address in the list) stock exchange are allowed to the address in the organized market of securities of the Republic of Kazakhstan.

Financial instruments which cost depends on the cost (change in value) of the sizes created and considered in the decentralized digital system using the means of cryptography and (or) computer calculations which are not according to the civil legislation of the Republic of Kazakhstan financial instruments or financial assets, and not containing right to claim against someone are not allowed to the address in the organized market of securities of the Republic of Kazakhstan.";

state Item 9 in the following edition, the text in Kazakh does not change:

"9. The sector of "share" of the Main platform is subdivided into the following categories: the category "premium", category "standard" and other categories provided by internal documents of stock exchange.

The category "premium" intends for issuers whose number of shares in free circulation makes (will constitute after placement) at least 10 (ten) percent from total quantity placed (except for redeemed by the issuer, encumbered and (or) blocked) of shares.

The requirement established in part one of this Item does not extend to issuers who have total market value of the common shares which are in free circulation constitutes (will constitute after placement) at least 100 (hundred) billion tenges and/or the number of the shares which are in free circulation makes (will constitute after placement) at least 5 (five) million pieces.";

state appendix 1 in edition according to appendix 7 to the List;

6. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of December 22, 2017 No. 264 "About approval of Rules of release and the circulation of bank deposit certificates" (it is registered in the Register of state registration of regulatory legal acts at No. 16229) the following changes:

state preamble in the following edition:

"According to the subitem 16) of article 6-5 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

in Rules of release and the circulation of the bank deposit certificates approved by the specified resolution:

state Item 1 in the following edition:

"1. These rules of release and the circulation of bank deposit certificates (further - Rules) are developed according to the subitem 16) of article 6-5 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations" and determine procedure for release and the address by banks of the second level of bank deposit certificates (further - the deposit certificate).";

state Item 5 in the following edition, the text in Kazakh does not change:

"5. Nominal value of deposit certificates is expressed in national currency of the Republic of Kazakhstan – tenge.".

7. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of April 27, 2018 No. 79 "About establishment of types of prudential standard rates for the organizations performing activities for management of investment portfolio, approval of rules and method of calculation of values of the prudential standard rates obligatory to observance by the organizations performing activities for management of investment portfolio" (it is registered in the Register of state registration of regulatory legal acts at No. 17008) the following changes:

in Rules of calculation of values of the prudential standard rates obligatory to observance by the organizations performing activities for management of investment portfolio approved by the specified resolution:

state item 4 in the following edition:

"4. In addition to rating estimates of the Standard & Poor agency "s (Standard энд Purs) authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) are also recognized rating estimates of the Moody agencies" to s Investors Service (Mudis Investors Service), Fitch (Features), the Boards of the Agency of the Republic of Kazakhstan established by the resolution on regulation and development of the financial market of April 14, 2026 No. 64 "About establishment of the minimum rating for legal entities and the states which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score" registered in the Register of state registration of the regulatory legal acts at No. 38437 corresponding to criteria, stipulated in Item 4-2 Rules in case of observance of condition, stipulated in Item 4-1 Rules (further - other rating agencies).";

2) of Item 4-2 to state the subitem in the following edition, the text in Kazakh does not change:

"2) the minimum size of equity of rating agency constitutes the amount equivalent to at least 600 000 000 (six hundred million) tenges;".

8. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of April 27, 2018 No. 80 "About establishment of types of prudential standard rates for the organizations performing broker and (or) dealer activities in the security market, approval of rules and method of calculation of values of the prudential standard rates obligatory to observance by the organizations performing broker and (or) dealer activities in the security market" (it is registered in the Register of state registration of regulatory legal acts at No. 17005) the following changes:

state Item 1 in the following edition, the text in Kazakh does not change:

"1. Establish for the organizations performing broker and (or) dealer activities in the security market:

1) following prudential standard rates:

coefficient of sufficiency of equity which value daily makes at least 1;

coefficients of urgent liquidity which values daily make:

K2-1 - at least 1;

K2-2 - is at least 0,9;

K2-3 - is at least 0,8;

K2-4 - is at least 0,5;

for brokers and (or) dealers for the purpose of receipt of the license for implementation of separate types of the banking activities provided by subitems 1), 2), 3) and 4) of part four of Item 1 of article 63 of the Law on the security market:

the minimum size of the authorized capital - at least 10 000 000 000 (ten billion) tenges;

the minimum size of equity - at least 10 000 000 000 (ten billion) tenges.";

in Rules of calculation of values of the prudential standard rates obligatory to observance by the organizations performing broker and (or) dealer activities in the security market approved by the specified resolution:

state Item 8 in the following edition:

"8. In addition to rating estimates of the Standard & Poor agency "s (Standard энд Purs) authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) are also recognized rating estimates of the Moody agencies" to s Investors Service (Mudis Investors Service), Fitch (Features), the Boards of the Agency of the Republic of Kazakhstan established by the resolution on regulation and development of the financial market of April 14, 2026 No. 64 "About establishment of the minimum rating for legal entities and the states which need of availability is required according to the legislation of the Republic of Kazakhstan regulating activities of the financial organizations, branches of nonresident banks of the Republic of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan, the list of the rating agencies assigning this score" and the rating agencies corresponding to the criteria, stipulated in Item 8-2 Rules in case of observance of condition, stipulated in Item 8-1 Rules registered in the Register of state registration of regulatory legal acts at No. 38437, (further - other rating agencies).";

2) of Item 8-2 to state the subitem in the following edition, the text in Kazakh does not change:

"2) the minimum size of equity of rating agency constitutes the amount equivalent to at least 600 000 000 (six hundred million) tenges;";

in the Method of calculation of values of the prudential standard rates obligatory to observance by the organizations performing broker and (or) dealer activities in the security market approved by the specified resolution:

state item 4 in the following edition, the text in Kazakh does not change:

"4. The operational risk connected with broker and (or) dealer activities is calculated as:

Ор_БД = absolute measure + * relative indicator, where:

the absolute measure is equal to 15 000 (fifteen thousand) MRP;

the relative indicator is calculated as 15 (fifteen) multiple size of annual average expense under Article penalty (penalty, penalty fee) of the Profit and loss statement for the last 60 (sixty) months prior to calculating date;  

 - the coefficient of operational risk is established depending on annual average amount of bargains *, concluded by brokers and (or) dealers, for the last 36 (thirty six) months, preceding calculating date, and is determined according to the table:

Category	Annual average amount of transactions (3 years) (tenge)	Coefficient,
1	to 1000 billion.	1
2	from 1000 billion to 3000 billion.	2
3	from 3000 billion to 5000 billion.	3
4	from 5000 billion to 7500 billion.	5
5	over 7500 billion.	7

* amount of the bargains concluded in the organized, unorganized and international security markets and also in the territory of the International financial center "Astana" (except for when the broker and (or) the dealer acted as the nominee holder), in the foreign exchange market (for the organizations performing separate types of banking activities), and also transaction of opening of repo, "the return repo".

At the same time if term from the moment of obtaining by the broker and (or) dealer of the license constitutes less period, than the above-stated term, data are used from the moment of receipt of the license for implementation of broker and (or) dealer activities in the security market.

At the same time if value of relative indicator less than 3 000 (three thousand) MRP, then value of relative indicator is equal to 3 000 (three thousand) MRP.

In the absence of the concluded bargains equally 0 (zero).  

In case of the liability insurance before clients including cases, stipulated in Item the 5th article 53-2 of the Law on the security market, the broker and (or) the dealer without the right of account management of clients reduces the size of absolute measure on the size of insurance sum, but no more than 50% of the size of absolute measure.";

state Item 10 in the following edition, the text in Kazakh does not change:

"10. If:

the cost of the pension assets accepted in investment management constitutes less than 40 000 000 000 (forty billion) tenges, to IDGC is equal to 107 000 (hundred seven thousand) MRP;

the cost of the pension assets accepted in investment management constitutes more than 40 000 000 000 (forty billion) tenges, to IDGC is equal to 107 000 (hundred seven thousand) MRP + (APU - 40 000 000 000 (forty billion) tenges) * to 0,0001, where APU are the pension assets accepted in investment management.".

9. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of August 27, 2018 No. 198 "About approval of Rules of forming of risk management system and internal control for the insurance (reinsurance) organizations, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 17462) the following changes:

in Rules of forming of risk management system and internal control for the insurance (reinsurance) organizations, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan approved by the specified resolution:

5) of Item 2 to exclude the subitem;

3) of Item 3 to state the subitem in the following edition:

"3) operational risk:

risk of emergence of losses owing to failures or violations in internal processes of the organization, actions or failure to act of workers, functioning of digital systems, and also owing to the events which are not depending on organization activity;";

3) of Item 32 to state the subitem in the following edition:

"3) observance of requirements of the legislation of the Republic of Kazakhstan on insurance and insurance activity, about compulsory insurance, about joint-stock companies, about the security market, about counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction and internal documents of the organization.

Functioning of these components is important condition of effective organization activity, work of digital systems and observance of prudential standard rates and other regulations, obligatory to observance, and limits of the organization set by authorized body.";

15) of Item 55 to state the subitem in the following edition:

"15) assessment of adequacy and efficiency of control of risks in the field of corporate management, operating activiies of the organization and its digital systems;";

1) of Item 60 to state the subitem in the following edition, the text in Kazakh does not change:

"1) any transactions (transactions) (including according to insurance contracts (reinsurance) on the amount more than 1 (one) one million tenge with payment in cash form;".

state appendix 4 in edition according to appendix 8 to the List;

state appendix 6 in edition according to appendix 9 to the List, the text in Kazakh does not change;

state appendix 7 in edition according to appendix 10 to the List, the text in Kazakh does not change;

state appendix 12 in edition according to appendix 11 to the List.

10. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of September 27, 2018 No. 226 "About approval of the standard agreement about implementation of activities within specific mode of regulation" (it is registered in the Register of state registration of regulatory legal acts at No. 17629) the following changes:

state preamble in the following edition:

"According to Item 2 of article 51-5 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

in the Standard agreement about the implementation of activities within specific mode of regulation approved by the specified resolution:

state preamble in the following edition:

"The standard agreement about implementation of activities within specific mode of regulation

№___________

"__" _________ 20 __ years

_____________________________________________________

____________________________________________________,
      (full name of the legal entity and location)

being resident of the Republic of Kazakhstan, hereinafter referred to as "Participant", on behalf of the first head

_________________________________________
    (position, surname, name, middle name (in case of its availability)

acting on the basis of the Charter, on the one hand and

___________________________________________________________
  (the name of authorized body on regulation, control and supervision of the financial market and the financial organizations), hereinafter referred to as "authorized body", on behalf of the Chairman (vice-chairman) _________________________, the acting on the basis of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations" (further - the Law), on the other hand, further jointly referred to as "Parties", signed this Agreement about implementation of activities within specific mode of regulation (further - the Agreement) according to Item 2 of article 13-4 of the Law, based on board decision of authorized body from "__" __________ 20 __ years as follows:";

state Item 5 in the following edition, the text in Kazakh does not change:

"5. The amount of obligations assumed by the Participant within specific mode of regulation does not exceed ___ tenge.";

state Item 6 in the following edition:

"6. During validity the following regulations do not extend to the activities of the Participant performed within specific mode of regulation:

_______________________________________

_______________________________________

_______________________________________.
  (regulations of the Social code of the Republic of Kazakhstan, the laws of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan", "About mortgage of real estate", "About insurance activity", "About the security market", "About credit bureaus and forming of credit stories in the Republic of Kazakhstan", "About microfinancial activities", "About payments and payment systems", "About currency control and currency exchange control" N and the regulatory legal acts of National Bank of the Republic of Kazakhstan and authorized body accepted according to the specified laws are specified).".

11. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2019 No. 14 "About establishment of normative values and techniques of calculations of prudential standard rates of the Islamic insurance (reinsurance) organization and other regulations and limits, requirements, obligatory to observance, to the shares acquired by the Islamic insurance (reinsurance) organizations, the affiliated organizations of the Islamic insurance (reinsurance) organizations (to shares in the authorized capital) legal entities, and also the list of the financial instruments (except for shares and shares in the authorized capital) acquired by the Islamic insurance (reinsurance) organizations" (it is registered in the Register of state registration of regulatory legal acts at No. 18293) the following changes:

state preamble in the following edition:

"According to Item 10-1 of article 46 of the Law of the Republic of Kazakhstan "About insurance activity" and the subitem 5) of Item 1 of article 9 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations" the Board of National Bank of the Republic of Kazakhstan DECIDES:";

in the Normative values and method of calculation of prudential standard rates of the Islamic insurance (reinsurance) organization and other regulations and limits, obligatory to observance, approved by the specified resolution:

Item 1 to state in the following edition:

"1. These Normative values and techniques of calculations of prudential standard rates of the Islamic insurance (reinsurance) organization and other regulations and limits, obligatory to observance (further - Standard rates) are developed according to Item 10-1 of article 46 of the Law of the Republic of Kazakhstan "About insurance activity" and the subitem 5) of Item 1 of article 9 of the Law of the Republic of Kazakhstan "About state regulation, control and supervision of the financial market and the financial organizations" (further - the Law) and establish normative values and techniques of calculations of prudential standard rates of the Islamic insurance (reinsurance) organization and other regulations and limits, obligatory to observance.";

5) of Item 12 to state the subitem in the following edition, the text in Kazakh does not change:

"5) the amount of the insurance premiums calculated according to subitems 1), 2), 3) and 4) of this Item, in the amount of, not exceeding 3 500 000 000 (three billion five hundred million) tenges, is multiplied by 18 (eighteen) percent, the remained amount of exceeding is multiplied by 16 (sixteen) percent.

The received results are summed up and adjusted on the correction coefficient calculated according to the subitem 6) of this Item;";

5) of Item 13 to state the subitem in the following edition, the text in Kazakh does not change:

"5) the amount of the insurance payments calculated according to subitems 1), 2), 3) and 4) of this Item, in the amount of, not exceeding 2 500 000 000 (two billion five hundred million) tenges, is multiplied by 26 (twenty six) percent, the remained amount of exceeding is multiplied by 23 (twenty three) percent.

The received results are summed up and adjusted on the correction coefficient calculated according to the subitem 6) of Item 12 of Standard rates.

If the Islamic insurance (reinsurance) organization did not perform insurance payments during the term specified in the subitem 1) of this Item, then calculation of the minimum size of margin of solvency is perfromed without use of "method of payments".";

state Item 41 in the following edition, the text in Kazakh does not change:

"41. The amount of own deduction of the Islamic insurance (reinsurance) organization under the agreement (agreements) of Islamic insurance, Islamic reinsurance, Islamic joint insurance (joint Islamic reinsurance) is calculated the actuary according to the policy of Islamic reinsurance approved by the board of directors of the Islamic insurance (reinsurance) organization.

The maximum amount of own deduction of the Islamic insurance (reinsurance) organization under the separate contract of Islamic insurance for date of the conclusion and introduction of amendments to the agreement of Islamic insurance (reinsurance) (regarding amount of obligations) does not exceed under agreements of Islamic insurance (the entering Islamic reinsurance):

100 (hundred) percent in relation to the size of actual margin of solvency of the Islamic insurance (reinsurance) organization, but no more than 25 000 000 000 (twenty five billion) tenges, in case of value of the standard rate of sufficiency of margin of solvency are not lower than the level exceeding the minimum value of the standard rate of sufficiency of margin of solvency established by this resolution on Item 0,2;

80 (eighty) percent in relation to the size of actual margin of solvency of the Islamic insurance (reinsurance) organization, but no more than 25 000 000 000 (twenty five billion) tenges, in case of value of the standard rate of sufficiency of margin of solvency are lower than the level exceeding the minimum value of the standard rate of sufficiency of margin of solvency established by this resolution on Item 0,2.

In case of Islamic joint insurance (joint Islamic reinsurance) the calculation specified in part two of this Item is performed proceeding from share from insurance sum of each Islamic insurer (overcautious person).";

state appendix 3 in edition according to appendix 12 to the List.

state appendix 5 in edition according to appendix 13 to the List.

12. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 14, 2019 No. 192 "About approval of prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and limits, technique of their calculations" (it is registered in the Register of state registration of regulatory legal acts at No. 19629) the following changes:

in Prudential standard rates and others obligatory to observance by the organization performing microfinancial activities, regulations and the limits, techniques of their calculation approved by the specified resolution:

state Item 3 in the following edition, the text in Kazakh does not change:

"3. The minimum size of the authorized capital constitutes:

1) for the microfinancial organization - 100 000 000 (hundred million) tenges, except for the following cases:

since July 1, 2023 - 150 000 000 (hundred fifty million) tenges;

since January 1, 2024 - 200 000 000 (two hundred million) tenges;

for the microfinancial organization which underwent accounting registration in authorized body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body) till January 1, 2020, the minimum size of the authorized capital constitutes:

since January 1, 2020 - 30 000 000 (thirty million) tenges;

since January 1, 2021 - 50 000 000 (fifty million) tenges;

since January 1, 2022 - 70 000 000 (seventy million) tenges;

since January 1, 2023 - 100 000 000 (hundred million) tenges;

since July 1, 2023 - 150 000 000 (hundred fifty million) tenges;

since January 1, 2024 - 200 000 000 (two hundred million) tenges;

2) for credit partnership - 50 000 000 (fifty million) tenges, except for:

the credit partnership which underwent state registration as credit partnership till January 1, 2020 and performing the activities in the cities of Astana, Almaty, Shymkent or the regional center for which the minimum size of the authorized capital constitutes:

since January 1, 2020 - 10 000 000 (ten million) tenges;

since July 1, 2020 - 20 000 000 (twenty million) tenges;

since July 1, 2021 - 30 000 000 (thirty million) tenges;

since July 1, 2022 - 50 000 000 (fifty million) tenges;

the credit partnership which underwent state registration as credit partnership till January 1, 2021 and performing the activities out of the cities of Astana, Almaty, Shymkent or the regional center for which the minimum size of the authorized capital constitutes:

since January 1, 2020 - 5 000 000 (five million) tenges;

since January 1, 2021 - 10 000 000 (ten million) tenges;

since January 1, 2022 - 15 000 000 (fifteen million) tenges;

since January 1, 2023 - 25 000 000 (twenty five million) tenges;

3) for pawnshop - 70 000 000 (seventy million) tenges, except for the pawnshop which underwent state registration as pawnshop till January 1, 2020 for which the minimum size of the authorized capital constitutes:

since January 1, 2020 - 10 000 000 (ten million) tenges;

since January 1, 2021 - 30 000 000 (thirty million) tenges;

since January 1, 2022 - 30 000 000 (thirty million) tenges;

since January 1, 2024 - 50 000 000 (fifty million) tenges.";

state item 4 in the following edition, the text in Kazakh does not change:

"4. The minimum size of equity constitutes:

1) for the microfinancial organization – 100 000 000 (hundred million) tenges, except for the following cases:

since July 1, 2023 – 150 000 000 (hundred fifty million) tenges;

since January 1, 2024 – 200 000 000 (two hundred million) tenges;

for the microfinancial organization which underwent accounting registration in authorized body till January 1, 2020, the minimum size of equity constitutes:

since January 1, 2020 – 30 000 000 (thirty million) tenges;

since January 1, 2021 – 50 000 000 (fifty million) tenges;

since January 1, 2022 – 70 000 000 (seventy million) tenges;

since January 1, 2023 – 100 000 000 (hundred million) tenges;

since July 1, 2023 – 150 000 000 (hundred fifty million) tenges;

since January 1, 2024 – 200 000 000 (two hundred million) tenges;

2) for credit partnership – 50 000 000 (fifty million) tenges, except for:

the credit partnership which underwent state registration as credit partnership till January 1, 2020 and performing the activities in the cities of Astana, Almaty, Shymkent or the regional center for which the minimum size of equity constitutes:

since January 1, 2020 – 10 000 000 (ten million) tenges;

since July 1, 2020 – 20 000 000 (twenty million) tenges;

since July 1, 2021 – 30 000 000 (thirty million) tenges;

since July 1, 2022 – 50 000 000 (fifty million) tenges;

the credit partnership which underwent state registration as credit partnership till January 1, 2021 and performing the activities out of the cities of Astana, Almaty, Shymkent or the regional center for which the minimum size of equity constitutes:

since January 1, 2020 – 5 000 000 (five million) tenges;

since January 1, 2021 – 10 000 000 (ten million) tenges;

since January 1, 2022 – 15 000 000 (fifteen million) tenges;

since January 1, 2023 – 25 000 000 (twenty five million) tenges.";

state Item 5 in the following edition:

"5. Sufficiency of equity of the microfinancial organization is characterized by coefficient of k1 and is calculated as the equity relation to the amount of the assets weighed on degree of credit risk.

Calculation of the assets weighed on degree of credit risk is carried out according to the Table of the assets of the microfinancial organization weighed on degree of credit risk of investments according to appendix to Standard rates.

The assets weighed on the degrees of credit risk taken into consideration of coefficient of k1 join less provisions (reserves) created according to the Rules of implementation of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creation of provisions (reserves) against them approved by the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of September 29, 2025 No. 62 "About approval of Rules of implementation of classification of assets and contingent obligations on the provided microcredits, references of assets on the provided microcredits to doubtful and hopeless, and also creation of provisions (reserves) against them", registered in the Register of state registration of regulatory legal acts at No. 36993.

Value of coefficient k1 makes at least 0,1.";

9) of Item 19 to state the subitem in the following edition, the text in Kazakh does not change:

"9) the average monthly income in 6 (six) months preceding date of the address of the borrower calculated based on the certificate of the income from place of employment and (or) the reference from educational institution on the size of the got grant.

Information specified in subitems 1), 2), 3), 4), 5), 6), 7) 8) and 9) of part two of this Item, is confirmed by the borrower with provision of the relevant documents and (or) is requested by the microfinancial organization based on the consent of the borrower, this in writing or by means of identification means of the borrower.

In case of determination of the income of the borrower and calculation of coefficient of debt load of the borrower based on the criteria specified in subitems 1), 2), 3), 4), 5), 6) and 7) to part two of this Item the transactions made by the borrower between the accounts and the transactions connected with receipt of bank loans and (or) microcredits are not considered.

Concerning the receiver of the address public assistance and (or) the borrower having signs of person which is actively involved in gaming, assessment of the income is determined based on the official income specified in the subitem 1) to part two of this Item.

The borrower having signs of person which is actively involved in gaming is understood as the physical person who made for the last 6 (six) complete months of 6 (six) and more payments for benefit of the organizer of gaming for the total amount more than 300 000 (three hundred thousand) tenges.

Information on the dates and payment amounts which are carried out by the borrower for benefit of the organizer of gaming is determined by the microfinancial organization based on the credit report of the borrower received in credit bureau.

Concerning the borrower who did not reach twenty-one-year age, assessment of the income is determined based on the income specified in subitems 1), 8) and 9) to part two of this Item.";

state appendix in edition according to appendix 14 to the List.

13. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of March 22, 2020 No. 18 "About approval of Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for banks of the second level, branches of nonresident banks of the Republic of Kazakhstan and the National operator of mail" (it is registered in the Register of state registration of regulatory legal acts at No. 20160) the following changes:

in Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the banks of the second level, branches of nonresident banks of the Republic of Kazakhstan and the National operator of mail approved by the specified resolution:

21) of Item 17 to state the subitem in the following edition, the text in Kazakh does not change:

"21) the clients who made within the last 6 (six) months three and more payments for benefit of the organizer of gaming for the total amount more than 300 000 (three hundred thousand) tenges.";

6) and 7) of Item 29 to state subitems in the following edition, the text in Kazakh does not change:

"6) making by the client of one-time transaction (transaction) on the amount exceeding 500 000 (five hundred thousand) tenges, or the foreign currency amount exceeding equivalent of 500 000 (five hundred thousand) tenges including by making of transaction on transfer of money for the bank account of physical person or carrying out payment for benefit of the service provider by means of the equipment (device) intended for acceptance of cash, cashless payment or money transfer without use of the bank account, transaction on purchase, sale or exchange of cash foreign currency in exchange point and purchase of the affined ingot gold through exchange points;

7) making by the client of one-time transaction (transaction) on the amount exceeding 200 000 (two hundred thousand) tenges, or the foreign currency amount exceeding equivalent of 200 000 (two hundred thousand) tenges on transactions with use of the payment card which is not access facility to the bank account of such client;".

14. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of October 12, 2020 No. 95 "About approval of Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the single accumulation pension fund and the Voluntary accumulation pension funds" (the following change is registered in the Register of state registration of regulatory legal acts at No. 21434):

in Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the single accumulation pension fund and the Voluntary accumulation pension funds approved by the specified resolution:

3) of Item 17 to state the subitem in the following edition, the text in Kazakh does not change:

"3) the transaction amount is equal or exceeds 10 000 000 tenges or is equal to the foreign currency amount equivalent of 10 000 000 tenges or exceeding it, and in character this transaction belongs to entering, transfer of voluntary pension contributions into fund, and also implementation of retirement benefits from fund at the expense of voluntary pension contributions in cash form;".

15. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of October 12, 2020 No. 97 "About approval of Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the insurance (reinsurance) organizations, insurance brokers, societies of mutual insurance, Export credit agency of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan and branches of insurance nonresident brokers of the Republic of Kazakhstan" (it is registered in the Register of state registration of regulatory legal acts at No. 21425) the following changes:

in Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the insurance (reinsurance) organizations, insurance brokers, societies of mutual insurance, Export credit agency of Kazakhstan, branches of the insurance (reinsurance) nonresident organizations of the Republic of Kazakhstan and branches of the insurance nonresident brokers of the Republic of Kazakhstan approved by the specified resolution:

3) of Item 19 to state the subitem in the following edition, the text in Kazakh does not change:

"3) implementation of insurance cash payment by money under contracts of voluntary not accumulative insurance for the amount exceeding 10 000 000 tenges, or the foreign currency amount exceeding equivalent of 10 000 000 tenges;";

6) of Item 27 to state the subitem in the following edition, the text in Kazakh does not change:

"6) making by the client – physical person of transaction on payment of insurance premium according to the insurance contract if the amount of such transaction exceeds 100 000 (hundred thousand) tenges or the foreign currency amount equivalent of 100 000 (hundred thousand) tenges.

In the presence of reason for doubt in reliability of earlier received information about the client (his representative) and the beneficial owner updating of information about the client (his representative) and the beneficial owner is performed within 15 (fifteen) working days following behind day of acceptance by the subject of financial monitoring of the decision on availability of such doubt.

When making by the client of transaction within the established business relations, identification of the client (his representative) and the beneficial owner is not carried out if it was carried out in case of establishment of such business relations, except as specified, of part one of this Item, and also the need of updating provided by subitems 2), 3, of 4) and 5) earlier received or receipts of additional data according to risk level of the client and Requirements.";

state Item 29 in the following edition, the text in Kazakh does not change:

"29. Measures for proper check are not carried out when implementing by the client – physical person of transaction on payment of insurance premium according to the insurance contract if the amount of such transaction does not exceed 100 000 tenges or the foreign currency amount equivalent of 100 000 tenges, except as specified making by the client of suspicious transaction.".

16. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of October 29, 2020 No. 105 "About approval of Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the organizations performing separate types of banking activities, except for the operator or the operational center of interbank money transfer system and also legal entities whose exclusive activities is collection of banknotes of coins and values, and the organizations performing microfinancial activities" (it is registered in the Register of state registration of regulatory legal acts at No. 21577) the following changes:

in Requirements to Rules of internal control for the purpose of counteraction of legalization (washing) of income gained in the criminal way, to financing of terrorism and financing of distribution of weapons of mass destruction for the organizations performing separate types of banking activities, except for the operator or the operational center of interbank money transfer system and also legal entities whose exclusive activities is collection of banknotes, coins and values, and the organizations performing microfinancial activities, approved by the specified resolution:

2) of Item 17 to state the subitem in the following edition, the text in Kazakh does not change:

"2) issue of loan cash on the amount exceeding 3 000 000 tenges, or the foreign currency amount exceeding equivalent of 3 000 000 tenges;";

6) of Item 22 to state the subitem in the following edition, the text in Kazakh does not change:

"6) making by the client – physical person of transaction on purchase of jewelry from precious metals and gemstones at retail if the amount of such transaction exceeds 500 000 (five hundred thousand) tenges or the foreign currency amount equivalent of 500 000 (five hundred thousand) tenges.

In the presence of reason for doubt in reliability of earlier received information about the client (his representative) and the beneficial owner updating of information about the client (his representative) and the beneficial owner is performed within 15 (fifteen) working days following behind day of decision making by the subject of financial monitoring about availability of such doubt.

When making by the client of transaction within the established business relations, identification of the client (his representative) and the beneficial owner is not carried out if it was carried out in case of establishment of such business relations, except as specified, provided by subitems 2), 3), 4) and 5) of part one of this Item, and also the need of updating which is earlier received or receipts of additional data according to risk level of the client and Requirements.".

17. Bring in the resolution of Board of the Agency of the Republic of Kazakhstan on regulation and development of the financial market of February 17, 2021 No. 32 "About establishment of normative values and techniques of calculations of prudential standard rates of branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan, branch of the Islamic insurance (reinsurance) nonresident organization of the Republic of Kazakhstan and other regulations and limits, obligatory to observance, including procedure for forming of assets of branch of the insurance (reinsurance) organization of the nonresident of the Republic of Kazakhstan, branch of the Islamic insurance (reinsurance) nonresident organization of the Republic of Kazakhstan accepted as reserve, and their minimum size" (it is registered in the Register of state registration of regulatory legal acts at No. 22231) the following changes:

state preamble in the following edition:

"According to Item 12 of article 46 of the Law of the Republic of Kazakhstan "About insurance activity" and Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" Board of the Agency of the Republic of Kazakhstan on regulation and development of the DECIDES: financial market"

in the Technique of calculations of prudential standard rates of branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan, branch of the Islamic insurance (reinsurance) nonresident organization of the Republic of Kazakhstan and other regulations and limits, obligatory to observance, approved by the specified resolution:

state Item 7 in the following edition:

"7. For the purpose of calculation of the standard rate of sufficiency of margin of solvency in addition to rating estimates of the Standard & Poor agency" s (Standard энд Purs) are also used rating estimates of the Moody agencies "by s Investors Service (Mudis Investors Service), Fitch (Features), A.M. Best (Hey. Em. Бэст) and Morningstar (Morninstar), and also their affiliated rating organizations.

Rating estimates of the A.M. Best agency (Hey. Em. Бэст) are used only for the purpose of recognition of rating assessment of the overcautious person.

Rating estimates of Morningstar rating agency (Morninstar) are used only for the purpose of assessment of shares of Exchange Traded Funds (ETF) (Ekscheyndzh Treyded by Fands), Exchange traded commodities (ETC) (Ekscheyndzh Treyded Kommoditis), Exchange Traded Notes (ETN) (Ekscheyndzh Treyded Nouts).

When calculating the standard rate of sufficiency of margin of solvency the long-term credit ratings, the ratings of financial stability of the insurance (reinsurance) organization, insurance (reinsurance) nonresident organization of the Republic of Kazakhstan (in case of transfer of obligations in reinsurance to branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan) or the ratings corresponding to them according to the comparative table of long-term ratings according to appendix 2 to Techniques are used.

Risks insurance, connected with the sizes created and considered in the decentralized digital system using means of cryptography and (or) computer calculations, the financial instruments or financial assets which are not according to the civil legislation of the Republic of Kazakhstan and not containing right to claim against someone is not performed.";

4) of Item 9 to state the subitem in the following edition, the text in Kazakh does not change:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info