RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of March 26, 2012 No. 122

About modification and amendments in 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. 238 "About approval of Rules of implementation of activities of the central depositary"

For the purpose of enhancement of regulatory legal acts of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Bring in 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. 238 "About approval of Rules of implementation of activities of the central depositary" (registered in the Register of state registration of regulatory legal acts at No. 5531) the following changes and amendments:

in the Rules of implementation of activities of the central depositary approved by the specified resolution:

to state heading of Chapter 1 in the following edition:

"1. General provisions";

state Item 1 in the following edition:

"1. For the purposes of these rules the following concepts are used:

1) the client of the depositor - the physical person or legal entity using services of the depositor according to the service provision agreement of nominal continence signed with it;

2) the settlement organization - the organization making at the request of the central depositary transfer and accounting of money in national currency (National Bank of the Republic of Kazakhstan) and foreign currency (the banks of the second level performing custodial activities in the security market of the Republic of Kazakhstan and abroad, the international and foreign depositaries and custodians);

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