RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of July 4, 2012 No. 205

About modification and amendments in some regulatory legal acts of the Republic of Kazakhstan concerning clearing activities with financial instruments

According to the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Ceased to be valid according to the Resolution of Board of National Bank of the Republic of Kazakhstan of 29.10.2018 No. 254

2. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of February 24, 2012 No. 59 "About approval of Requirements to risk management system of the clearing organization, to conditions and procedure for monitoring, control and risk management in the clearing organization" (registered in the Register of state registration of regulatory legal acts at No. 7554, the following change published on June 23, 2012 in the Kazakhstanskaya Pravda newspaper No. 199-200 (27018-27019)):

in the Requirements to risk management system of the clearing organization, conditions and procedure for monitoring, control and risk management in the clearing organization approved by the specified resolution:

state Item 1 in the following edition:

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

1) the settlement organization - the organization performing the organization of calculations (payments) for transactions with financial instruments;

2) clearing - process of determination, check and information transfer about requirements and (or) obligations of clearing bidders as a result of making by them of transactions with financial instruments;

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