of February 24, 2012 No. 86
About approval of Rules of activities of the affiliated organization acquiring doubtful and bad assets of parent bank
According to the Law of the Republic of Kazakhstan of December 28, 2011 "About modification and amendments in some legal acts of the Republic of Kazakhstan concerning banking regulation and the financial organizations regarding risk minimization" the Board of National Bank of the Republic of Kazakhstan DECIDES:
1. Approve the enclosed Rules of activities of the affiliated organization acquiring doubtful and bad assets of parent bank.
2. This resolution becomes effective after ten calendar days after day of its first official publication.
Chairman of National Bank
G. Marchenko
Approved by the resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 86
These rules of activities of the affiliated organization acquiring doubtful and bad assets of parent bank (further - Rules) are developed according to the Law of the Republic of Kazakhstan "About banks and banking activity in the Republic of Kazakhstan" (further - the Law) and establish procedure for activities of the affiliated organization acquiring doubtful and bad assets of parent bank, term during which the affiliated organization manages the acquired doubtful and bad assets, and also requirements to the acquired (acquired) it doubtful and bad assets (further - assets).
1. For the purposes of Rules are understood as doubtful and bad assets:
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The document ceased to be valid since June 16, 2014 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of April 23, 2014 No. 71