RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of May 8, 2015 No. 77

About approval of Rules of carrying out transaction on simultaneous transfer of assets and obligations of bank in part or in complete size to another (another) to bank (banks), including transaction on simultaneous transfer of assets and obligations between parent bank and subsidiary bank, and approvals of these transactions by authorized body, and also the asset types and obligations which are subject to transfer when carrying out the specified transactions

According to article 61-2 of the Law of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of carrying out transaction on simultaneous transfer of assets and obligations of bank in part or in complete size to another (another) to bank (banks), including transaction on simultaneous transfer of assets and obligations between parent bank and subsidiary bank, and approvals of these transactions by authorized body, and also asset types and the obligations which are subject to transfer when carrying out the specified transactions.

2. Recognize invalid the following regulatory legal acts of the Republic of Kazakhstan:

1) 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 March 27, 2009 No. 68 "About approval of Rules of implementation of transactions on simultaneous transfer of assets and obligations of bank in part or the complete size before physical and (or) legal entities to another (another) to bank (banks)" (registered in the Register of state registration of regulatory legal acts at No. 5660, published on May 29, 2009 in the Yuridicheskaya Gazeta newspaper No. 80 (1677));

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