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
/KASE, December 5, 2019/ – The National Bank of the Republic of Kazakhstan provided Kazakhstan Stock Exchange (KASE) with the following communiqué:
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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
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[2019-12-05]