RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 25, 2003 No. 251

About prudential standard rates for the financial agency and procedure for loss of the status of the financial agency

In pursuance of Item 1 of article 18 of the Law of the Republic of Kazakhstan "About the security market" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Establish the following prudential standard rates for the financial agencies:

1) the minimum size of equity - at least 1 billion tenges;

2) coefficient of sufficiency of equity - is at least 0,08.

2. Determine that the procedure of payments of the size of equity, coefficient of sufficiency of equity is determined by appendix 1 to this resolution.

3. Control of observance of prudential standard rates by the financial agencies is exercised by the authorized body exercising regulation and supervision of the security market (daleeupolnomochenny body).

4. For the purpose of observance of prudential standard rates the financial agency no later than 18:00 hours of time of the city of Astana of the fifteenth day of the first month following reporting quarter represents to authorized body of the data on observance of prudential standard rates, as of the beginning of the first day of the first month following reporting quarter, drawn up according to appendix 2 to this resolution, and also the balance sheet and the profit and loss statement on electronic and paper carriers.

The reporting on the electronic medium is submitted with use of transport system of the guaranteed delivery of information with cryptographic remedies providing confidentiality and not adjustability of the represented data.

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