of March 17, 2016 No. 105
About modification and amendments in 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. 66 "About approval of the Instruction about prudential standard rates for Islamic banks, their normative values and technique of calculations"
For the purpose of enhancement of the regulatory legal acts of the Republic of Kazakhstan regulating activities of banks of the second level, the Board of National Bank of the Republic of Kazakhstan DECIDES:
1. Bring in 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. 66 "About approval of the Instruction about prudential standard rates for Islamic banks, their normative values and technique of calculations" (the following change and the amendment registered in the Register of state registration of regulatory legal acts at No. 5670):
in the Instruction about prudential standard rates for Islamic banks, their normative values and the technique of calculations approved by the specified resolution:
state Item 1 in the following edition:
"1. The minimum size of authorized and own capitals for newly created bank is established in the amount of 10 000 000 000 (ten billion) tenges, except for the case provided by part two of this Item of the Instruction.
The minimum size of authorized and own capitals for the newly created bank which is the affiliated organization of the nonresident bank of the Republic of Kazakhstan having the minimum long-term credit rating on the international scale in foreign currency is not lower "And" Standard & Poors rating agency or the rating of similar level of one of other rating agencies, is established in the amount of 5 000 000 000 (five billion) tenges.";
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The document ceased to be valid since August 2, 2016 according to Item 3 of the Resolution of Board of National Bank of the Republic of Kazakhstan of May 30, 2016 No. 144