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THE LETTER OF THE VICE-CHAIRMAN OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND SUPERVISION OF THE FINANCIAL MARKET AND THE FINANCIAL ORGANIZATIONS

of October 14, 2010 No. 02-02-13/1521/19833-I

The agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency), taking into account appeals of the accumulation pension funds and the organizations exercising investment control of pension assets for method of calculation of prudential standard rates for the specified financial organizations, reports the following.

1. Concerning the prudential standard rate

The resolution of Board of the Agency of July 15, 2010 No. 105 "About modification and amendments in some regulatory legal acts of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations for organization activity performing activities for investment management of pension assets and estimates of the financial instruments which are in investment portfolios of the accumulation pension funds" from edition of lines 10 and 11 of Item 1 of Appendix of 1 Rules of implementation of organization activity performing activities for investment management of pension assets and the accumulation pension funds approved by the Resolution of Board of the Agency of August 5, 2009 No. 189 (further - Rules No. 189), the requirement for equity of the issuer of debt securities constituting the size exceeding the size of its authorized capital is excluded according to the financial reporting on the last reporting date confirmed with the audit report.

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