National Bank announces transfer of functions on provision of public services to Agency of Republic of Kazakhstan on regulation and development of financial market from January 1, 2020

05.12.19, 17:23
/KASE, December 5, 2019/ – The National Bank of the Republic of Kazakhstan provided Kazakhstan Stock Exchange (KASE) with the following communiqué: quote On transfer of functions on provision of public services to the Agency of the Republic of Kazakhstan on regulation and development of the financial market On July 3, 2019 the Act of the Republic of Kazakhstan "On making amendments to some statutory acts of the Republic of Kazakhstan on issue of regulation and development of the financial market, micro-financing activities and taxation" was adopted, according to which functions on provision of public services in the field of state regulation, control and surveillance of the financial market and financial organizations from January 1, 2019 will be transferred to the Agency of the Republic of Kazakhstan on regulation and development of the financial market (hereinafter – the Agency). In this respect, in the DS "SDB EL" will be improved accordingly. We ask you to note these circumstances when submitting applications for public services (by the end of December of this year – to the National Bank or from January 1, 2020 – to the Agency). 1. Issue of consent to acquiring the status of a major partner of a bank or a bank holding 2. Issue of consent to acquiring the status of an insurance holding or major partner of an insurance (re-insurance) organization 3. Issue of consent to acquiring the status of a major partner of an investment portfolio manager 4. Issue of permit to open a bank 5. Issue of permit to create or purchase by a bank and (or) bank holding of a subsidiary and (or) substantial participation of a bank and (or) bank holding in authorized capital of organizations 6. Issue of licenses to banks for conduct of bank or other transactions provided for by banking laws of the Republic of Kazakhstan 7. Issue of a license to organizations carrying out particular types of bank transactions, for bank transactions 8. Issue of a license for conduct of bank and other transactions carried out by Islamic banks 9. Issue of permit for voluntary reorganization of a bank (bank holding) 10. Issue of permit for voluntary liquidation of a bank 11. Issue of permit for the right to carry out activities of a credit bureau and the act of compliance of a credit bureau with requirements for a credit bureau on protection and ensuring of the integrity of the credit history database, information systems and rooms used 12. Issue of permit for reorganization of a voluntary accumulative pension fund 13. Issue of permit for voluntary liquidation of a voluntary accumulative pension fund 14. Issue of a license for carrying out insurance activities or the right to carry out Islamic insurance activities in the sector "life insurance" 15. Issue of a license for the right to carry out insurance (re-insurance) activities or Islamic insurance (re-insurance) activities in sector "general insurance" 16. Issue of a license for types of compulsory insurance specified in laws of the Republic of Kazakhstan and being separate insurance classes, or the right to carry out Islamic insurance activities by types of compulsory insurance, set by laws of the Republic of Kazakhstan and being separate insurance classes 17. Issue of a license for re-insurance activities or the right to carry out Islamic re-insurance activities 18. Issue of a license for the right to carry out activities of an insurance broker 19. Issue of permit to create or purchase of a subsidiary by an insurance (re- insurance) organization and (or) an insurance holding, substantial participation of an insurance (re-insurance) organization and (or) an insurance holding in authorized capital of organizations 20. Issue of permit for voluntary liquidation of an insurance (re-insurance) organization 21. Issue of consent to appointment (election) of executives of financial organizations, bank, insurance holdings, joint-stock company "Fund of insurance payments guaranteeing" 22. Issue of permit for carrying out actuary activities 23. Record registration of microfinance organizations 24. Record registration of debt recovery firms 25. "Issue of permit for voluntary reorganization of an insurance (re-insurance) organization and (or) an insurance holding" 26. "Issue of permit for creation of an insurance (re-insurance) organization " 27. Issue of the act of commissioning of the credit history database management system for use by the credit bureau 28. State registration of the issue of authorized shares 29. State registration of the issue of corporate bonds 30. State registration of the issue of units of unit investment funds 31. Approval of the report on results of share offering 32. Issue of permit for issue of serial securities of an organization-resident of the Republic of Kazakhstan in the territory of a foreign country 33. Issue of permit for offering of serial securities of an organization-resident of the Republic of Kazakhstan in the territory of a foreign country 34. Issue of a license for execution of activities on the securities market stipulated by laws of the Republic of Kazakhstan unquote [2019-12-05]