Unofficial translation
In accordance with paragraph 6 of Article 23 of the Law of the Republic of Kazakhstan "On banks and banking activities in the Republic of Kazakhstan", the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market HEREBY RESOLVES:
1. To approve the attached Rules for the implementation of investment activities of a bank, branch of a non-resident bank of the Republic of Kazakhstan.
2. To declare invalid certain resolutions of the Board of the National Bank of the Republic of Kazakhstan, as well as structural elements of certain resolutions of the Board of the National Bank of the Republic of Kazakhstan and resolutions of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market according to the list in accordance with the appendix to this resolution.
3. The Department of Methodology and Prudential Regulation of Financial Organizations shall, in accordance with the procedure established by the legislation of the Republic of Kazakhstan, ensure:
1) jointly with the Legal Department, state registration of this resolution with the Ministry of Justice of the Republic of Kazakhstan;
2) posting this resolution on the official Internet resource of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market after its official publication;
3) within ten working days after the state registration of this resolution, submit to the Legal Department information on the implementation of the measure provided for in subparagraph 2) of this paragraph.
4. Control over the implementation of this resolution shall be assigned to the supervising Deputy Chairman of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.
5. This resolution shall come into effect upon expiration of ten calendar days after the date of its first official publication.
Chairman of the Agency
of the Republic of Kazakhstan
for Regulation and Development
of the Financial Market M. Abylkassymova
| Approved by the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated April 20, 2026, No. 72 |
The Rules for the implementation of investment activities of a bank, branch of a non-resident bank of the Republic of Kazakhstan Chapter 1. General Provisions
1. These Rules for the implementation of investment activities of a bank, a branch of a non-resident bank of the Republic of Kazakhstan (hereinafter referred to as the Rules) have been developed in accordance with paragraph 6 of Article 23 of the Law of the Republic of Kazakhstan "On banks and banking activities in the Republic of Kazakhstan" (hereinafter referred to as the Law on banks) and shall determine the procedure for implementing investment activities of a bank, a branch of a non-resident bank of the Republic of Kazakhstan (including a branch of an Islamic bank - a non-resident of the Republic of Kazakhstan).
2. The Rules shall include:
1) requirements for organizations acquired or created by the bank, as well as the maximum size of the bank’s participation in the said organizations;
2) additional requirements for the acquisition of shares and participation interests in legal entities provided for in subparagraph 23) of paragraph 2 of Article 23 of the Law on Banks;
3) requirements for debt securities acquired by a bank or a branch of a non-resident bank of the Republic of Kazakhstan;
4) a list of international financial organizations whose debt securities a bank or branch of a non-resident bank of the Republic of Kazakhstan has the right to acquire;
5) the procedure for the bank to carry out transactions with:
own debt securities;
bonds issued by the bank's subsidiaries, the obligations of which are guaranteed by the bank or bank holding company;
bonds of a bank holding company, the obligations of which are guaranteed by the bank;
6) cases and procedure for acquisition by a bank, a branch of a non-resident bank of the Republic of Kazakhstan on the unorganized securities market:
government and non-government securities when making transactions on the secondary securities market;
derivative financial instruments;
derivative securities.
Chapter 2. Requirements for organizations acquired and created by the bank and the maximum size of the bank's participation in them, as well as requirements for the acquisition of shares and participation interests in legal entities
3. A bank with a basic banking license, a bank with a universal banking license, or an Islamic bank may acquire shares, equity interests, stakes, or other forms of equity participation in organizations specified in the first part of paragraph 2 of Article 23 of the Law on Banks, subject to the following conditions:
1) absence of signs of insolvency of the organization (excess of liabilities over the value of assets and other insolvency factors determined by the bank's internal documents);
2) the organization and its major participants (major shareholders) are not registered in the offshore zones specified in the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated March 20, 2026 No. 15 "On the establishment of the List of offshore zones for the purposes of banking and insurance activities, activities of professional participants in the securities market and other licensed types of activities in the securities market, activities of joint-stock investment funds and activities of organizations carrying out microfinance activities."
4. A bank with a basic banking license acquires shares of legal entities specified in subparagraph 23) of part one of paragraph 2 of Article 23 of the Law on Banks, in an amount of less than 10 (ten) percent of the voting shares, provided that they meet one of the following requirements:
1) shares of legal entities - residents of the Republic of Kazakhstan are included in the representative list of the index of the stock exchange operating in the territory of the Republic of Kazakhstan;
2) shares of legal entities - residents of the Republic of Kazakhstan are included in the official list of the stock exchange and (or) admitted to public trading on the stock exchange operating on the territory of the Astana International Financial Center.
A bank with a universal banking license or an Islamic bank may acquire shares of legal entities specified in subparagraph 23) of paragraph 2 of Article 23 of the Law on Banks in an amount of less than 10 (ten) percent of the voting shares if they meet one of the following requirements:
1) shares of legal entities - non-residents of the Republic of Kazakhstan are in free circulation on international stock exchanges specified in the List of trading organizers recognized as international stock exchanges, in accordance with Appendix 1 to the Rules;
2) shares of legal entities - residents of the Republic of Kazakhstan are included in the representative list of the index of the stock exchange operating in the territory of the Republic of Kazakhstan;
3) shares of legal entities - residents of the Republic of Kazakhstan are included in the official list of the stock exchange and (or) admitted to public trading on the stock exchange operating on the territory of the Astana International Financial Center.
A bank with a basic banking license, a bank with a universal banking license, and an Islamic bank acquire shares in the authorized capitals of legal entities specified in subparagraph 23) of part one of paragraph 2 of Article 23 of the Law on Banks, in an amount of less than 10 (ten) percent of shares in the authorized capital of a legal entity carrying out the types of activities specified in paragraph 2 of Article 23 of the Law on Banks.
5. The acquisition by a bank with a basic banking license, a bank with a universal banking license, or an Islamic bank of shares or participation interests in the authorized capital of organizations specified in subparagraph 1) of paragraph 2 of Article 23 of the Law on Banks shall be carried out in the amount of 10 (ten) percent or more of the voting shares or participation interests in the authorized capital of the organization.
The acquisition by a bank with a basic banking license, a bank with a universal banking license, an Islamic bank of shares, participation interests, units or other forms of equity participation in organizations specified in part one of paragraph 2 of Article 23 of the Law on Banks shall not exceed 10 (ten) percent of the bank’s equity capital per organization, except for organizations specified in part four of this paragraph.
The total value of shares, equity interests, units or other forms of equity participation in organizations specified in part one of paragraph 2 of Article 23 of the Law on Banks shall not exceed 50 (fifty) percent of the bank’s equity capital, except for organizations specified in part five of this paragraph.
The value of shares, participation interests, units or other forms of equity participation in organizations specified in subparagraphs 12), 13), 14), 15), 16) and 24) of part one of paragraph 2 of Article 23 of the Law on Banks per organization shall not exceed 5 (five) percent of the bank’s equity capital.
The total value of shares, equity interests, units or other forms of equity participation in organizations specified in subparagraphs 12), 13), 14), 15), 16) and 24) of part one of paragraph 2 of Article 23 of the Law on Banks shall not exceed 15 (fifteen) percent of the bank’s equity capital.
The requirements regarding the maximum size of a bank’s participation in organizations established by this paragraph shall not apply to the following cases:
acquisition by a bank of the status of a bank holding company in relation to another bank resident of the Republic of Kazakhstan;
the acquisition by a bank of shares of another bank during the banks' reorganization in the form of a merger in the manner determined by the legislation of the Republic of Kazakhstan.
6. The provisions of subparagraphs 3) and 4) of paragraph 3 and paragraph 6 of the Rules shall apply to cases where a bank creates organizations specified in the first part of paragraph 2 of Article 23 of the Law on Banks.
Chapter 3. Requirements for debt securities acquired by a bank or a branch of a non-resident bank of the Republic of Kazakhstan, as well as the procedure for the bank to conduct transactions with debt securities
7. A bank with a universal banking license or a branch of a non-resident bank of the Republic of Kazakhstan shall acquire debt securities specified in subparagraphs 2) and 3) of part one of paragraph 4 of Article 23 of the Law on Banks that meet one of the following requirements:
1) the issuers are the Ministry of Finance of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan;
2) the fulfillment of the issuer’s obligations under debt securities is secured by a state guarantee of the Republic of Kazakhstan;
3) the issuers are local executive bodies of the Republic of Kazakhstan, whose debt securities are included in the official list of the organizer of trades of the Republic of Kazakhstan;
4) the issuer is an international financial organization specified in paragraph 8 of the Rules;
5) the issuers are the central governments of foreign states or the central banks of foreign states, with a rating of not lower than "BBB-" on the international rating scale of Standard & Poor’s, or not lower than "Baa3" on the international rating scale of Moody’s Investors Service, or not lower than "BBB-" on the international rating scale of Fitch;
6) debt securities issued by an issuer-resident of the Republic of Kazakhstan are included in the official list of the organizer of trades of the Republic of Kazakhstan (except for debt securities in the category "buffer for debt securities") or are admitted to public trading on the stock exchange operating on the territory of the Astana International Financial Center;
7) debt securities issued by an issuer-resident of the Republic of Kazakhstan have a rating of not lower than "B" on the international scale of the rating agency Standard & Poor's or not lower than "B2" on the international scale of the rating agency Moody’s Investors Service or not lower than "B" on the international scale of the Fitch rating agency.
For the purposes of this subparagraph, debt securities issued by organizations, more than 50 (fifty) percent of shares (interests in authorized capital) of which are directly or indirectly owned by the Government of the Republic of Kazakhstan, the National Bank of the Republic of Kazakhstan or a national investment holding company, shall be recognized as debt securities with a sovereign rating of the Republic of Kazakhstan;
8) the issuer shall be a non-resident of the Republic of Kazakhstan with a rating of not lower than "B" on the international scale of the rating agency Standard & Poor's or not lower than "B2" on the international scale of the rating agency Moody’s Investors Service or not lower than "B" on the international scale of the Fitch rating agency.
A bank with a basic banking license acquires ownership of debt securities that meet the requirements established in subparagraphs 1), 3), 4), 5), 6), 7) and 8) of part one of this paragraph.
A bank with a universal banking license, an Islamic bank, or a branch of a non-resident bank of the Republic of Kazakhstan shall acquire Islamic securities that meet the requirements specified in subparagraphs 1), 2), 4), 5), 6), 7) and 8) of part one of this paragraph.
8. A bank with a universal banking license, a bank with a basic banking license, an Islamic bank, a branch of a non-resident bank of the Republic of Kazakhstan shall acquire debt securities issued by the following international financial organizations:
Asian Development Bank;
Asian Infrastructure Investment Bank;
Inter-American Development Bank;
African Development Bank;
Eurasian Development Bank;
European Investment Bank;
Council of Europe Development Bank;
European Bank for Reconstruction and Development;
Islamic Corporation for the Development of the Private Sector;
Islamic Development Bank;
Nordic Investment Bank;
International Monetary Fund;
International Finance Corporation;
International Bank for Reconstruction and Development;
Black Sea Trade and Development Bank.
9. A bank with a basic banking license and a bank with a universal banking license may carry out transactions with debt securities specified in subparagraph 5) of part one of paragraph 6 of Article 23 of the Law on Banks, subject to the following requirements:
1) the decision to carry out the transaction is made by the bank’s board of directors.
The said decision shall determine the price and volume of the securities to be acquired. The decision shall be accompanied by a report from the bank's risk management department assessing the risks associated with the acquisition of the said securities (including liquidity risk and interest rate risk), as well as confirmation of the bank's compliance with the requirements of internal policies and procedures approved by the bank's board of directors applicable to such transactions;
2) transactions shall be carried out at the fair market price established on the date of acquisition of the said securities;
3) information on securities acquired by the bank shall be prepared in hard-copy and electronic forms established by the bank's internal documents, signed by the first head of the bank or a person authorized to sign the said information, as well as the chief accountant of the bank and is stored for 5 (five) years from the date of compilation of this information.
Chapter 4. Requirements for the procedure for acquiring government and non-government securities on the unorganized securities market when making transactions on the secondary market for securities, derivative financial instruments, and derivative securities
10. A bank with a universal banking license or a branch of a non-resident bank of the Republic of Kazakhstan may conduct transactions with government and non-government securities on the secondary market of the unorganized securities market in the following cases:
1) transactions with government securities of the Republic of Kazakhstan;
2) execution of transactions with securities for which there is a state guarantee of the Government of the Republic of Kazakhstan;
3) entering into transactions involving government securities of foreign states having a sovereign rating of not lower than "BBB-" on the international rating scale of Standard & Poor’s, or not lower than "Baa3" on the international rating scale of Moody’s Investors Service, or not lower than "BBB-" on the international rating scale of Fitch;
4) execution of transactions with debt securities of the international financial organization specified in paragraph 8 of the Rules;
5) the execution on international (foreign) securities markets of transactions with non-government debt securities issued by issuers-residents of the Republic of Kazakhstan and issuers-non-residents of the Republic of Kazakhstan and which are in free circulation on international stock exchanges specified in the List of trading organizers recognized as international stock exchanges, in accordance with Appendix 1 to the Rules;
6) conducting repo and reverse repo transactions on international (foreign) securities markets with legal entities - non-residents of the Republic of Kazakhstan;
7) making transactions with own bonds;
8) the repurchase by the bank of its issued shares in accordance with Articles 26 and 27 of the Law of the Republic of Kazakhstan "On Joint Stock Companies";
9) sale of securities delisted by the stock exchange;
10) exchange or conversion of securities and other obligations of the issuer for other securities of the issuer issued for the purpose of restructuring the obligations of the issuer;
11) exercise of the right of pre-emptive purchase;
12) the execution on international (foreign) securities markets of transactions with shares (participatory interests) of legal entities - non-residents of the Republic of Kazakhstan, which are in free circulation on international stock exchanges specified in the List of trading organizers recognized as international stock exchanges, in accordance with Appendix 1 to the Rules;
13) acquisition of shares, participation interests, units and other forms of equity participation in the authorized capital of organizations in accordance with paragraph 2 of Article 23 of the Law on Banks, as well as the execution of transactions with non-government securities with an organization specializing in improving the quality of loan portfolios of second-tier banks, the sole shareholder of which is the Government of the Republic of Kazakhstan, in accordance with paragraph 1 of Article 132 of the Law on Banks;
14) concluding transactions with the National Bank of the Republic of Kazakhstan for the acquisition of securities;
15) execution of transactions for the transfer of securities and (or) other financial instruments within the framework of an operation for the transfer of assets and liabilities of a subsidiary bank between a parent bank and a national investment holding company.
A bank with a basic banking license carries out transactions on the unorganized securities market as provided for in subparagraphs 1), 3), 7), 8), 9), 10), 11), 13), 14) and 15) of part one of this paragraph.
11. A bank with a universal banking license, an Islamic bank, or a branch of a non-resident bank of the Republic of Kazakhstan shall conduct transactions on the unorganized securities market with derivative securities, the underlying asset of which is non-government securities permitted for acquisition in accordance with Article 23 of the Law on Banks, derivative financial instruments, the underlying assets of which are:
foreign and national currency;
currency indices;
refined precious metals;
remuneration rate: coupon, discount, yield, interest rate swap rate, spread, percentage change and volatility;
calculation indicators (indices) specified in the List of calculation indicators (indices) in accordance with Appendix 2 to the Rules;
credit risk;
commodity assets specified in the List of commodity assets in accordance with Appendix 3 to the Rules, without physical delivery of the specified commodity assets, as well as indices for these commodity assets.
12. Transactions with derivative financial instruments specified in paragraph 12 of the Rules shall be carried out on the unorganized securities market subject to one of the following conditions:
1) a counterparty - non-resident of the Republic of Kazakhstan is an organization with a rating of not lower than "BBB-" on the international scale of the Standard & Poor's rating agency or not lower than "Baa3" on the international scale of the Moody's rating agency Investors Service or not lower than "BBB-" on the international scale of the Fitch rating agency;
2) the counterparty - a resident of the Republic of Kazakhstan is an organization with a rating of not lower than "BB-" on the international scale of the Standard & Poor's rating agency or not lower than "Ba3" on the international scale of the Moody's rating agency Investors Service or not lower than "BB-" on the international scale of the Fitch rating agency, or a rating assessment not lower than "kzBBB" on the national scale of the above-mentioned rating agencies;
3) there are quotes for purchase and (or) sale in the information analytical systems Bloomberg or Reuters, or in the absence of such quotes, there are at least three quotes from three different counterparties with a rating of at least "BBB-" on the international scale of the Standard & Poor's agency or at least "Baa3" on the international scale of Moody's Investors Service or not lower than "BBB-" on the international scale of the Fitch rating agency;
4) the underlying asset of derivative financial instruments is admitted to circulation on the organized securities market of the Republic of Kazakhstan and (or) is in free circulation on international stock exchanges specified in the List of trading organizers recognized as international stock exchanges, in accordance with Appendix 1 to the Rules;
5) when an audit organization conducting an audit of a bank with a universal banking license, an Islamic bank, or a branch of a bank that is a non-resident of the Republic of Kazakhstan provides a report that provides for the expression of a positive opinion of the audit organization on:
methods for evaluating derivative financial instruments;
assumptions used in determining the value of the derivative financial instrument, including information about assumptions made regarding the estimation of credit losses, interest rates or discount rates;
results of stress testing, sensitivity analysis.
| Appendix 1 to the Rules for the implementation of investment activities of a bank, branch of a non-resident bank of the Republic of Kazakhstan |
List of trading organizers recognized by international stock exchanges
1. Australian Stock Exchange (Australian Securities Exchange)
2. Austrian Stock Exchange (Wiener Börse AG)
3. US Stock Exchange (National Association of Securities Dealers Automated Quotation (NASDAQ)
4. The European Stock Exchange "Euronext" in Amsterdam (Euronext Amsterdam)
5. Exchange of the International Financial Center "Astana" (Astana International Exchange (AIX)
6. Athens Stock Exchange (Athens Stock Exchange (ATHEX)
7. Bombay Stock Exchange (Bombay Stock Exchange Limited (BSE)
8. Brazilian Stock Exchange (B3 SA – Brasil, Bolsa, Balcão)
9. The European Stock Exchange "Euronext" in Brussels (Euronext Brussels)
10. Warsaw Stock Exchange (Warsaw Stock Exchange)
11. Hong Kong Stock Exchange (Hong Kong Exchanges and Clearing)
12. Jakarta Stock Exchange (Jakarta Stock Exchange)
13. New Zealand Stock Exchange (New Zealand Exchange)
14. Irish Stock Exchange (Euronext Dublin)
15. Spanish Stock Exchange (Bolsas y Mercados Españoles (BME), Spain)
16. Italian Stock Exchange (Borsa Italiana SPA)
17. Johannesburg Stock Exchange (South Africa) (JSE Johannesburg Stock Exchange, South Africa)
18. Copenhagen Stock Exchange (Nasdaq Copenhagen)
19. The United Stock Exchange, which includes the stock exchanges of Stockholm, Helsinki, Tallinn and Riga (Hex Integrated Markets Ltd.)
20. European Stock Exchange "Euronext" in Lisbon (Euronext Lisbon)
21. London Stock Exchange (London Stock Exchange)
22. Luxembourg Stock Exchange (Bourse de Luxembourg)
23. Malaysian Stock Exchange (Bursa Malaysia)
24. Malta Stock Exchange (Malta Stock Exchange)
25. Mexican Stock Exchange (Bolsa Mexicana de Valores, BMV)
26. Montreal Stock Exchange (Bourse de Montreal)
27. German Stock Exchange (Deutsche Börse AG)
28. New York Stock Exchange (New York Stock Exchange)
29. South Korean Stock Exchange (Korea Stock Exchange)
30. Osaka Stock Exchange (Osaka Securities Exchange)
31. Oslo Stock Exchange (Oslo bourse)
32. European Stock Exchange "Euronext" in Paris (Euronext Paris)
33. Stock Exchange of the Russian Federation (Moscow Exchange)
34. Singapore Stock Exchange (Singapore Exchange)
35. Istanbul Stock Exchange (Borsa İstanbul A.Ş.)
36. Stockholm Stock Exchange (Nasdaq Stockholm)
37. Tokyo Stock Exchange (Tokyo Stock Exchange)
38. Toronto Stock Exchange (Toronto Stock Exchange)
39. Indian Stock Exchange (Delhi Stock Exchange)
40. National Stock Exchange of India (National Stock Exchange of India Limited)
41. Philippine Stock Exchange (Philippine Stock Exchange)
42. Frankfurt Stock Exchange (Frankfurt Stock Exchange)
43. Shanghai Stock Exchange (Shanghai Stock Exchange)
44. Swiss Stock Exchange (SIX Swiss Exchange)
45. Shenzhen Stock Exchange (Shenzhen Stock Exchange)
| Appendix 2 to the Rules for the implementation of investment activities of a bank, branch of a non-resident bank of the Republic of Kazakhstan |
List of calculated indicators (indices)
1. CAC 40 (Compagnie des Agents de Change 40 Index)
2. DAX (Deutscher Aktienindex)
3. DJIA (Dow Jones Industrial Average)
4. EURO STOXX 50 (EURO STOXX 50 Price Index)
5. FTSE 100 (Financial Times Stock Exchange 100 Index)
6. HSI (Hang Seng Index)
7. KASE (Kazakhstan Stock Exchange Index)
8. MSCI World Index (Morgan Stanley Capital International World Index)
9. MOEX Russia (Moscow Exchange Russia Index)
10. NIKKEI 225 (Nikkei-225 Stock Average Index)
11. RTSI (Russian Trade System Index)
12. S&P 500 (Standard and Poor's 500 Index)
13. TOPIX 100 (Tokyo Stock Price 100 Index)
14. NASDAQ-100 (Nasdaq-100 Index)
| Appendix 3 to the Rules for the implementation of investment activities of a bank, branch of a non-resident bank of the Republic of Kazakhstan |
List of commodity assets
1. Oil and petroleum products
2. Natural gas and gas condensate
3. Non-ferrous metals
4. Ferrous metals
5. Grain and grain products
6. Coal and coke
7. Sugar
8. Cotton
9. Electricity
| Appendix to the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated "__" _______ 2026 No. __ |
List of certain resolutions of the Board of the National Bank of the Republic of Kazakhstan to be recognized as having lost force, as well as structural elements of certain resolutions of the Board of the National Bank of the Republic of Kazakhstan and resolutions of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market
1. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 24, 2012 No. 62 "On approval of the Rules for a bank or bank holding to enter into transactions with its own bonds and bonds issued by subsidiaries of the given bank or bank holding, the obligations under which are guaranteed by the bank or bank holding" (registered in the State Register of Regulatory Legal Acts under No. 7507).
2. Paragraph 2 of the List of regulatory legal acts of the Republic of Kazakhstan on the activities of second-tier banks in the securities market, to which amendments and additions are made, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 25, 2013 No. 69 "On amendments and additions to certain regulatory legal acts on the activities of second-tier banks in the securities market" (registered in the State Register of Regulatory Legal Acts under No. 8412).
3. Paragraph 5 of the List of Regulatory Legal Acts of the Republic of Kazakhstan on Issues of Regulation of the Financial Market, to Which Amendments Are Made, approved by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 28, 2016 No. 265 "On Amendments to Certain Regulatory Legal Acts of the Republic of Kazakhstan on Issues of Regulation of the Financial Market" (registered in the State Register of Regulatory Legal Acts under No. 14733).
4. Paragraph 6 of the List of regulatory legal acts of the Republic of Kazakhstan on banking activities, which are subject to amendments, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 28, 2017 No. 23 "On Amendments to Certain Regulatory Legal Acts of the Republic of Kazakhstan on Banking Activities" (registered in the State Register of Regulatory Legal Acts under No. 14997).
5. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 29, 2017, No. 234 "On establishing a list of international financial organizations whose bonds banks and bank holding companies acquire into ownership, and requirements for bonds that banks and bank holding companies acquire into ownership" (registered in the State Register of Regulatory Legal Acts under No. 16149).
6. Paragraph 1 of the List of regulatory legal acts of the Republic of Kazakhstan on issues of regulation of the financial market, which are being amended, approved by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 27, 2018 No. 195 "On Amendments to Certain Regulatory Legal Acts of the Republic of Kazakhstan on Issues of the Financial Market" (registered in the State Register of Regulatory Legal Acts under No. 17551).
7. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated June 28, 2019 No. 102 "On Amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 29, 2017 No. 234 "On Establishing a List of International Financial Organizations, the Bonds of Which Banks and Bank Holding Companies Acquire Ownership, and Requirements for Bonds That Banks and Bank Holding Companies Acquire Ownership" (registered in the State Register of Regulatory Legal Acts under No. 18988).
8. Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 19, 2019 No. 131 "On establishing requirements for shares (stakes in the authorized capital) of legal entities acquired by banks, subsidiaries of a bank or a bank holding company, as well as the total value of the bank's shares in the authorized capital or shares of legal entities" (registered in the State Register of Regulatory Legal Acts under No. 19260).
9. Paragraphs 4 and 7 of the List of regulatory legal acts of the Republic of Kazakhstan on issues of regulation of the financial market, which are being amended, approved by the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated November 23, 2020 No. 113 "On Amendments to Certain Regulatory Legal Acts of the Republic of Kazakhstan on Issues of Regulation of the Financial Market" (registered in the State Register of Regulatory Legal Acts under No. 21676).
