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

of December 29, 2008 No. 246

About approval of the Instruction about measures for maintenance by the large member of the open-end accumulation pension fund owning directly or indirectly more than twenty five percent of voting shares of the accumulation pension fund, coefficients of sufficiency of equity of the open-end accumulation pension fund

According to item 4 of article 41 of the Law of the Republic of Kazakhstan of June 20, 1997 "About provision of pensions in the Republic of Kazakhstan" the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve the enclosed Instruction about measures for maintenance by the large member of the open-end accumulation pension fund owning directly or indirectly more than twenty five percent of voting shares of the accumulation pension fund, coefficients of sufficiency of equity of the open-end accumulation pension fund.

2. This resolution becomes effective after day of its first official publication.

3. To department of supervision of subjects of the security market and accumulation pension funds (Hadzhiyeva M. Zh.):

1) together with Legal department (Sarsenov N. V.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan to bring this resolution to the attention of the interested divisions of the Agency, Consolidation of legal entities "Association of financiers of Kazakhstan".

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