RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of March 26, 2012 No. 111

About introduction of amendments to the resolution of Board of National Bank of the Republic of Kazakhstan of November 30, 2007 No. 134 "About approval of the Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks"

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and for the purpose of enhancement of conducting financial accounting of confidential transactions and custodial activities of the second Board of National Bank of the Republic of Kazakhstan DECIDES: level by banks

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of November 30, 2007 No. 134 "About approval of the Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks" (registered in the Register of state registration of regulatory legal acts at No. 5089) the following changes:

in the Instruction for conducting financial accounting of confidential transactions and the custodial activities of the second level by banks approved by the specified resolution:

in Chapter 1:

state heading in the following edition:

"1. General provisions";

state Items 1 and 2 in the following edition:

"1. This Instruction for conducting financial accounting of confidential transactions and custodial activities of the second level by banks is developed according to the Law of the Republic of Kazakhstan of February 28, 2007 "About financial accounting and the financial reporting", the resolution of Board of National Bank of the Republic of Kazakhstan of January 31, 2011 No. 3 "About approval of the Standard chart of accounts of financial accounting in banks of the second level, the mortgage organizations and Development Bank of Kazakhstan joint-stock company, registered in the Register of state registration of regulatory legal acts of the Republic of Kazakhstan on February 28, 2011 at No. 6793 (further - the Standard chart of accounts of financial accounting), international accounting standards.

2. This Instruction disaggregates conducting financial accounting of the confidential transactions and custodial activities performed by banks of the second level (further - banks) based on the license of National Bank of the Republic of Kazakhstan.";

in Chapter 2:

state heading in the following edition:

"2. Accounting of confidential transactions";

1, of 2, of 3, of 4, 5 and 6 to state headings of paragraphs in the following edition:

"Paragraph 1. Accounting of the assets accepted in trust management";

"Paragraph 2. Accounting of the money accepted in trust management and placed in the affined precious metals, and the affined precious metals received in trust management";

"Paragraph 3. Accounting of the money accepted in trust management and placed in bank deposits";

"Paragraph 4. Accounting of the rights of the requirements for mortgage loans accepted in trust management";

"Paragraph 5. Accounting of the assets withdrawn from trust management";

"Paragraph 6. Accounting of remuneration of the trustee from trust management of the client's assets";

to state heading of Chapter 3 in the following edition:

"3. Accounting of assets of investment funds by bank custodian";

state Item 32 in the following edition:

"32. The money of clients accepted by bank custodian based on the custodial contract, and transaction with the money accepted according to the custodial agreement and also gained investment revenue (expense) is considered on the following balance sheet accounts:

2012 "Correspondent accounts of foreign Central Banks" - if the custodial agreement is signed with foreign Central Bank;

2013 "Correspondent accounts of other banks" - if the custodial agreement is signed with bank (except foreign Central Bank);

2202 "Not invested current account balances, opened by banks custodians to the accumulation pension funds and the organizations exercising control of investment portfolio" - if the custodial agreement is signed with the accumulation pension funds on pension assets, and the organizations exercising control of investment portfolio;

2203 "Current accounts of legal entities" - if the custodial agreement is signed with other organizations (except the accumulation pension funds on pension assets, the organizations exercising control of investment portfolio and banks).

Financial accounting of other assets accepted by bank custodian based on the custodial agreement is performed on off-balance accounts of account group 7700 "The assets accepted on custodial storage, except for pension assets of the accumulation pension funds" provided by the Standard chart of accounts of financial accounting.";

in Chapter 3:

state paragraph 1 in the following edition:

"Paragraph 1. Accounting of the money, securities and other financial instruments accepted based on the custodial agreement

33. When obtaining by bank custodian from the client of money, securities and other financial instruments based on the custodial agreement the following accounting entries are performed:

1) on amount of money:

2) on the cost of securities and other financial instruments: