RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 24, 2014 No. 257

About approval of Rules of reference of the financial organizations to number of backbone

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of reference of the financial organizations to number of backbone.

2. This resolution becomes effective since July 1, 2015 and is subject to official publication.

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2014 No. 257

Rules of reference of the financial organizations to number of backbone

1. These rules of reference of the financial organizations to number backbone (further - Rules) determine procedure for reference of the financial organizations to number backbone within implementation of macroprudential regulation.

2. For the purposes of Rules the following concepts are used:

1) systemically important bank - bank on which stable functioning stability of financial system of the country in general or its separate segments depends;

2) the systemically important infrastructure financial organization - the professional participant of the security market on which stable functioning stability of functioning of the security market depends;

3) the infrastructure financial organization - the organization performing one of the following types of professional activity in the security market:

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