Decree of the President of the Republic of Kazakhstan No. 1271 of December 31, 2003, Approving the Regulation and Structure of the National Bank of the Republic of Kazakhstan

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form The QR code contains a link to this document in the ECRB of the NPAs of RK The QR code contains the data of the electronic digital signature of the official of the RPE on PHV "IZPI" Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 President of the Republic of Kazakhstan On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan In accordance with Article 17-1 of the Constitutional Law of the Republic of Kazakhstan "On the President of the Republic of Kazakhstan", I decree:

Approve the following:
1) Regulation on the National Bank of the Republic of Kazakhstan;
2) the structure of the National Bank of the Republic of Kazakhstan.
Approve the total staff count of the National Bank of the Republic of Kazakhstan, including the central apparatus, its branches and representative offices, at 2,161 units.
Footnote. Paragraph 2 in the edition of the decrees of the President of the Republic of Kazakhstan dated 23.04.2019 No. 31; dated 11.11.2019 No. 203 (enters into force from 01.01.2020); dated 17.08.2022 No. 985 (enters into force from the day of its signing).
Recognize as having lost force certain decrees of the President of the Republic of Kazakhstan according to the attached list.
This Decree enters into force from January 1, 2004.
President of the Republic of Kazakhstan

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form APPROVED By the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 REGULATION on the National Bank of the Republic of Kazakhstan Footnote. The Regulation in the edition of the decrees of the President of the Republic of Kazakhstan dated 12.12.2018 No. 803; dated 06.09.2025 No. 984 (enters into force from 01.09.2025).
Chapter 1. General Provisions

The National Bank of the Republic of Kazakhstan (hereinafter - National Bank of Kazakhstan) is a state body directly subordinate to and accountable to the President of the Republic of Kazakhstan, ensuring the development and implementation of the state's monetary and credit policy (hereinafter - monetary and credit policy), functioning of payment systems, contributing to ensuring the stability of the financial system, implementing currency regulation and currency control, statistical activities, as well as within the limits of its competence, state regulation, control and supervision over the financial market, financial organizations and other persons and in the field of financial legislation of the Republic of Kazakhstan.
The National Bank of Kazakhstan is the central bank of the Republic of Kazakhstan and represents the upper (first) level of the banking system of the Republic of Kazakhstan.
The National Bank of Kazakhstan carries out its activities in accordance with the Constitution and laws of the Republic of Kazakhstan, acts of the President and Government of the Republic of Kazakhstan, other regulatory legal acts, as well as this Regulation on the National Bank of the Republic of Kazakhstan (hereinafter - Regulation).

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3. The National Bank of Kazakhstan is a legal entity in the organizational and legal form of a republican state institution, has symbols and signs of distinction, seals with its name in Kazakh and Russian languages with the image of the State Emblem of the Republic of Kazakhstan and stamps with its name in Kazakh and Russian languages, and forms of established sample.
The National Bank of Kazakhstan together with its branches, representative offices, republican state enterprises (hereinafter - organizations of the National Bank of Kazakhstan) forms a single centralized structure in a scheme of direct subordination. Branches of the National Bank of Kazakhstan (hereinafter - branch) are opened by decision of the Board of Directors of the National Bank of Kazakhstan, are accountable to it and carry out their activities within the powers established by the National Bank of Kazakhstan. The structure of the branch, approved by the Board of Directors of the National Bank of Kazakhstan, may include offices and other subdivisions, the legal status and powers of which are determined by the regulation on the branch of the National Bank of Kazakhstan. In its activities, the branch is guided by the regulatory legal acts of the Republic of Kazakhstan, resolutions of the Board, the Committee on Monetary and Credit Policy and the Board of Directors of the National Bank of Kazakhstan, orders, directives of the National Bank of Kazakhstan, this Regulation and the regulation on the branch of the National Bank of Kazakhstan. The procedure for opening and closing a branch, its powers, tasks and functions are determined by the regulation on the branch of the National Bank of Kazakhstan and regulatory legal acts of the Republic of Kazakhstan. The management of the branch's activities is carried out by its director, appointed to the position (released from the position) by the Chairman of the National Bank of Kazakhstan. The branch director carries out his activities based on the regulation on the branch and the power of attorney of the National Bank of Kazakhstan.

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form Representative offices of the National Bank of Kazakhstan are opened by decision of the Board of Directors of the National Bank of Kazakhstan both within the territory of the Republic of Kazakhstan and outside it, and carry out the protection and representation of the interests of the National Bank of Kazakhstan within the powers established by the National Bank of Kazakhstan. The procedure for opening and closing representative offices, their powers and legal status are determined by the regulations on the representative offices of the National Bank of Kazakhstan. The management of the representative office's activities is carried out by the head of the representative office, appointed to the position (released from the position) by the Chairman of the National Bank of Kazakhstan. The head of the representative office carries out his activities based on the regulation on the representative office and the power of attorney of the National Bank of Kazakhstan. Other issues related to the internal activities of the National Bank of Kazakhstan are established by the work regulations of the National Bank of Kazakhstan, regulations on structural subdivisions and other legal acts of the National Bank of Kazakhstan. Organizations of the National Bank of Kazakhstan are republican legal entities, are created in the form of republican state enterprises, are subject to state registration in the manner established by the legislation of the Republic of Kazakhstan and are part of the single centralized structure of the National Bank of Kazakhstan. The National Bank of Kazakhstan, with respect to the organizations it creates, is their founder and authorized state body, exercising with respect to them the functions of the subject of the right of republican property, including powers to regulate their activities and make decisions on changing the legal status of the named organizations. The National Bank of Kazakhstan independently determines the subject and goals of activities of the organizations it creates, as well as their type (on the right of economic management or operational management), approves their charters, amendments and additions to them.

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form A decision on the creation, reorganization, change of name, increase or decrease of the authorized capital, liquidation and disposal of organizations of the National Bank of Kazakhstan is made by the Board of Directors of the National Bank of Kazakhstan. The procedure for the creation, reorganization, liquidation, subject and goals of activities, legal status and charter competence of organizations of the National Bank of Kazakhstan and their bodies are determined by the legislation of the Republic of Kazakhstan, charters of organizations, this Regulation and legal acts of the National Bank of Kazakhstan. The management of the activities of organizations of the National Bank of Kazakhstan is carried out by its head, appointed to the position (released from the position) by the Chairman of the National Bank of Kazakhstan. The charter of organizations of the National Bank of Kazakhstan is approved by the Board of Directors of the National Bank of Kazakhstan. Branches, representative offices and organizations of the National Bank of Kazakhstan have their own seal and forms of established sample.
4. The National Bank of Kazakhstan enters into civil-law relations in its own name.
5. The National Bank of Kazakhstan has the right to act as a party to civil-law relations on behalf of the state if it is authorized to do so in accordance with the legislation of the Republic of Kazakhstan.
6. The National Bank of Kazakhstan, on issues within its competence, in the manner established by the legislation of the Republic of Kazakhstan, makes decisions documented by orders of the Chairman of the National Bank of Kazakhstan, resolutions of the Board, the Committee on Monetary and Credit Policy, the Board of Directors of the National Bank of Kazakhstan and other acts provided for by the legislation of the Republic of Kazakhstan.
7. The structure and total staff count of the National Bank of Kazakhstan are approved by the President of the Republic of Kazakhstan.
8. The location of the central apparatus of the National Bank of Kazakhstan: Republic of Kazakhstan, Z00A9G3, Astana city, "Esil" district, Mangilik El avenue, building 64.

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form Footnote. Paragraph 8 in the edition of the Decree of the President of the Republic of Kazakhstan dated 24.10.2025 No. 1066 (enters into force from the day of its signing).
9. The Regulation is the founding document of the National Bank of Kazakhstan.
10. The financing of the activities of the National Bank of Kazakhstan is carried out from the budget (expense estimate) of the National Bank of Kazakhstan.
11. The National Bank of Kazakhstan is prohibited from entering into contractual relations with subjects of entrepreneurship for the performance of duties that are powers of the National Bank of Kazakhstan, except for cases established by legislative acts of the Republic of Kazakhstan and this Regulation.
The National Bank of Kazakhstan has the right to carry out banking operations and other services for a fee. The types and sizes of fees for the services provided by it are determined by the National Bank of Kazakhstan independently.
The National Bank of Kazakhstan does not charge fees for banking and other services provided to the Government of the Republic of Kazakhstan and the central authorized body for the execution of the budget, except for services for the management of the National Fund of the Republic of Kazakhstan, assets of other funds and organizations.
Chapter 2. Tasks and Powers of the National Bank of Kazakhstan
12. Tasks:
1) development and implementation of monetary and credit policy;
2) ensuring the functioning of payment systems;
3) implementation of currency regulation and currency control;
4) contribution to ensuring the stability of the financial system;
5) implementation of statistical activities in the field of monetary statistics, financial market statistics and external sector statistics;

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6) other tasks in accordance with the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
13. Powers:
1) rights:
develop and adopt within its competence regulatory legal acts mandatory for execution by financial organizations, other physical and legal entities within the territory of the Republic of Kazakhstan; request and receive free of charge from any physical and legal entities, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, branches (representative offices) of foreign non-financial organizations carrying out activities in the Republic of Kazakhstan, as well as state bodies the necessary information, including information constituting official, commercial, banking and other secrets protected by law; carry out inspections and other forms of control and supervision within the powers established by the legislation of the Republic of Kazakhstan; adopt normative and non-normative legal acts regulating the internal activities of the National Bank of Kazakhstan, as well as relations related to the activities of legal entities with respect to which it is the founder (authorized body) or shareholder; exercise other rights provided for by the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" (hereinafter - Law on the National Bank), other legislative acts of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan;
2) duties:
develop and implement monetary and credit policy; contribute to ensuring the stability of the financial system; implement statistical activities in the field of monetary statistics, financial market statistics and external sector statistics;

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form implement internal audit and verification of the activities of subdivisions of the central apparatus, branches, representative offices and organizations of the National Bank of Kazakhstan, as well as joint stock companies of which the National Bank of Kazakhstan is the sole shareholder; other duties provided for by the Law on the National Bank, other legislative acts of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
14. Functions:
The National Bank of Kazakhstan:
1) develops and implements monetary and credit policy;
2) issues state emission securities;
3) is the sole issuer of banknotes and coins of the national currency of the Republic of Kazakhstan and organizes cash money circulation within the territory of the Republic of Kazakhstan;
4) determines the procedure for replacing banknotes of the national currency of the Republic of Kazakhstan in circulation when their design (form) changes;
5) determines the procedure for conducting cash operations with physical and legal entities in the National Bank of Kazakhstan;
6) ensures the organization and functioning of payment systems;
7) participates in ensuring the transportation, storage and collection of banknotes, coins and valuables, creates reserve state funds of banknotes, coins and valuables;
8) exercises control and supervision over compliance with requirements for the arrangement of premises by legal entities carrying out activities exclusively through exchange points based on a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and legal entities whose exclusive activity is the collection of banknotes, coins and valuables;

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9) regulates and exercises supervision (oversight) over the interbank money transfer system, the interbank clearing system and other payment systems ensuring the conduct of money transfers between users in Kazakhstani tenge;
10) for the purpose of ordering payments and money transfers, establishes in agreement with the Government of the Republic of Kazakhstan the order of payments on bank accounts, carried out by banks, organizations carrying out certain types of banking operations, branches of banks - non-residents of the Republic of Kazakhstan and subjects of entrepreneurial activity, if otherwise provided by the laws of the Republic of Kazakhstan;
11) implements currency regulation and currency control in the Republic of Kazakhstan;
12) establishes qualification requirements imposed on legal entities whose exclusive activity is the collection of banknotes, coins and valuables, which include requirements for the organizational and legal form, requirements for founders (participants), including disclosure of the sources of origin of their contributions to the authorized capital, requirements for the size and procedure for forming the authorized capital, as well as for premises, technical means, equipment and employees of legal entities whose exclusive activity is the collection of banknotes, coins and valuables;
13) determines the procedure for organizing the protection and arrangement of premises of second-level banks, branches of banks - non-residents of the Republic of Kazakhstan, organizations carrying out certain types of banking operations;
14) determines the procedure for conducting cash operations and operations for the collection of banknotes, coins and valuables, including the organization of automobile collection transportation, in second-level banks, branches of banks - non-residents of the Republic of Kazakhstan, organizations carrying out certain types of banking operations;
15) jointly with other authorized state bodies of the Republic of Kazakhstan implements the regulation of the withdrawal of cash from bank accounts by subjects of entrepreneurship;

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16) during the introduction of a state of emergency for the purpose of ensuring economic security and the stability of the financial system of the Republic of Kazakhstan in accordance with acts of the President of the Republic of Kazakhstan, has the right to introduce a special regulatory regime, providing for the introduction of a special procedure and conditions for providing payment services by financial organizations, payment system operators, payment organizations, including regulation of the commissions they apply;
17) ensures the management of assets in foreign currency and precious metals;
18) implements the state's priority right to acquire refined gold to replenish assets in precious metals;
19) carries out, in cases provided for by the legislation of the Republic of Kazakhstan, control tests of samples (samples) of precious metals and raw materials containing precious metals;
20) carries out storage and testing of precious metals, excluding products made from them, and samples (samples) of raw materials containing precious metals, owners of which are financial organizations, other persons having the right to carry out export-import operations with precious metals and raw materials containing precious metals;
21) in cases provided for by the legislation of the Republic of Kazakhstan, carries out transportation, acceptance, accounting, storage of precious metals, precious stones and products made from them, turned (received) into the ownership of the state on specific grounds;
22) independently and (or) jointly with other state bodies of the Republic of Kazakhstan within their competence implements the regulation of systemic risks;
23) carries out interaction with the authorized body for regulation, control and supervision of the financial market and financial organizations:
regarding the stability of the financial system of the Republic of Kazakhstan;

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Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan in electronic form regarding the automation of control and supervision processes of the financial market and financial organizations carried out by the authorized body for regulation, control and supervision of the financial market and financial organizations, by creating, including at the expense of the budget (expense estimate) of the National Bank of Kazakhstan, information systems on the information and communication infrastructure of the National Bank of Kazakhstan and (or) its subsidiary, their development and support, as well as the development and support of such information systems; Footnote. The third paragraph of sub-paragraph 23) operates until 01.01.2026 in accordance with the Decree of the President of the Republic of Kazakhstan dated 06.09.2025 No. 984. by exchanging information within the limits established by the laws of the Republic of Kazakhstan powers of the National Bank of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations, including by mutual access to information systems, including information systems created on the information and communication infrastructure of the National Bank of Kazakhstan and (or) its subsidiary;
24) provides the authorized body for regulation, control and supervision of the financial market and financial organizations with administrative data necessary for the implementation of its powers to regulate, control and supervise the financial market and financial organizations, including information and information constituting official, commercial, banking and other secrets protected by law, including by ensuring access of the authorized body for regulation, control and supervision of the financial market and financial organizations to the information systems of the National Bank of Kazakhstan;
25) carries out the functions of the working body of the Council on Financial Stability of the Republic of Kazakhstan, forms within its competence proposals on issues related to the functions of the Council on Financial Stability of the Republic of Kazakhstan;
26) for the purpose of contributing to ensuring the stability of the financial system:
carry out regular monitoring of macroeconomic and macrofinancial factors affecting the stability of the financial system;

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forms macroprudential policy; provides last-resort loans in the manner and on terms provided for by the Law on the National Bank and the joint regulatory legal act of the National Bank of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations; conducts operations with derivative financial instruments with second-level banks in the manner, on terms and within timeframes established by the Board of the National Bank of Kazakhstan;
27) provides loans in accordance with the legislation of the Republic of Kazakhstan;
28) develops statistical methodology, forms and disseminates statistical information on monetary statistics, financial market statistics and external sector statistics (balance of payments, international investment position and external debt);
29) develops statistical forms for external sector statistics, conducts departmental statistical observations in accordance with the statistical work plan; as well as within its competence, exercises control in the field of state statistics;
30) collects and processes administrative data (financial and other reporting) on issues of currency regulation and currency control, monetary statistics, cash circulation, payments and payment systems, regulation, control and supervision of the financial market and financial organizations and in the field of financial legislation of the Republic of Kazakhstan and determines the procedure for their submission;
31) exercises within its competence the regulation of the financial market and financial organizations, branches of banks – non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations – non-residents of the Republic of Kazakhstan, branches of insurance brokers – non-residents of the Republic of Kazakhstan and other persons, as well as control and supervision over the financial market and financial organizations, branches of banks – non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations – non-residents of the Republic of Kazakhstan, branches of insurance brokers –

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non-residents of the Republic of Kazakhstan and in the field of financial legislation of the Republic of Kazakhstan in accordance with the Law on the National Bank, the Law of the Republic of Kazakhstan "On State Regulation, Control and Supervision of the Financial Market and Financial Organizations", other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan;
32) issues (refuses to issue), reissues, suspends, revokes licenses:
for exchange operations with cash foreign currency – to legal entities carrying out their activities exclusively through exchange points; for cashing of banknotes, coins and valuables – to legal entities whose exclusive activity is cashing of banknotes, coins and valuables;
33) determines the policy and methods of accounting for the National Bank of Kazakhstan taking into account international financial reporting standards;
34) exercises control and supervision over compliance by legal entities carrying out activities exclusively through exchange points based on a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, with the requirements of the legislation of the Republic of Kazakhstan on accounting and financial reporting, rules for automation of accounting, as well as the requirements of the legislation of the Republic of Kazakhstan on currency regulation and currency control;
35) exercises control over compliance by legal entities carrying out activities exclusively through exchange points based on a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and payment organizations with the requirements of the legislation of the Republic of Kazakhstan on combating the legalization (laundering) of proceeds obtained criminally and financing of terrorism in terms of recording, storing and providing information on operations with money and/or other property subject to financial monitoring, proper verification of clients (their representatives) and beneficial owners, suspension and refusal to conduct

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operations subject to financial monitoring, protection of documents obtained in the course of their activities, as well as the organization and implementation of internal control in accordance with the legislation of the Republic of Kazakhstan;
36) exercises control and supervision over compliance by payment service providers who are not banks and organizations carrying out certain types of banking operations, payment system operators and payment system operating centers with the requirements of the legislation of the Republic of Kazakhstan on payments and payment systems;
37) within its competence participates in inspections of the activities of inspected entities conducted by the authorized body for regulation, control and supervision of the financial market and financial organizations;
38) applies within the issues falling within its competence, limited impact measures to residents and non-residents carrying out currency operations and not being financial organizations, payment system operators, payment system operating centers, as well as payment service providers who are not banks, branches of banks – non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations, supervisory response measures to legal entities carrying out activities exclusively through exchange points based on a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and legal entities whose exclusive activity is cashing of banknotes, coins and valuables, as well as sanctions and other measures provided for by the laws of the Republic of Kazakhstan, and determines the procedure for their application;
39) determines the procedure for introducing and canceling a special regulatory regime, carrying out activities related to digital assets and/or payment services, within the framework of a special regulatory regime;
40) participates in servicing the state debt of the Government of the Republic of Kazakhstan with its agreement and services the state debt of the National Bank of Kazakhstan;

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41) establishes and publishes the official exchange rate of the national currency of the Republic of Kazakhstan to foreign currencies in accordance with the procedure determined by the National Bank of Kazakhstan;
42) monitors sources of demand and supply, as well as directions of use of foreign currency in the domestic foreign exchange market;
43) carries out banking activities, professional activities in the securities market and other activities defined by the laws of the Republic of Kazakhstan without obtaining corresponding banking licenses;
44) determines the procedure for opening, maintaining and closing metal accounts by banks, branches of banks – non-residents of the Republic of Kazakhstan;
45) carries out fiduciary management of the National Fund of the Republic of Kazakhstan based on a trust management agreement concluded between the National Bank of Kazakhstan and the Government of the Republic of Kazakhstan;
46) carries out fiduciary management of assets of legal entities based on trust management agreements concluded by the National Bank of Kazakhstan with legal entities;
47) carries out fiduciary management of pension assets of the Unified Accumulative Pension Fund based on a trust management agreement concluded between the National Bank of Kazakhstan and the Unified Accumulative Pension Fund;
48) provides custodial services regarding pension assets of the Unified Accumulative Pension Fund;
49) provides, upon request of the authorized body for financial monitoring, information from its own information systems and resources in accordance with the legislation of the Republic of Kazakhstan on combating the legalization (laundering) of proceeds obtained criminally and financing of terrorism;
50) participates in the training of personnel for state bodies and financial organizations of the Republic of Kazakhstan;
51) carries out the acquisition of goods, works, services in the manner determined by the regulatory legal act of the National Bank of Kazakhstan;

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52) assigns, annuls and determines the use of banking identification codes, assigns and annuls codes of banks and organizations carrying out certain types of banking operations, and codes of branches of banks and organizations carrying out certain types of banking operations, establishes their structure, as well as forms and maintains the Directory of Banks and Organizations Carrying Out Certain Types of Banking Operations;
53) creates advisory and consultative bodies of the National Bank of Kazakhstan;
54) in order to ensure the completeness and quality of information on the financial market and financial organizations used for providing services to state bodies and financial organizations, exchanges information with its subsidiaries using their information systems;
55) determines the procedure for disposal and transfer for use of property assigned to the National Bank of Kazakhstan;
56) determines the procedure for development, approval of development plans for state-owned joint-stock companies, limited liability companies, the shareholder (participant, fiduciary manager) of which is the National Bank of Kazakhstan, and state enterprises created by it, monitoring and evaluation of their implementation, as well as reports on their execution;
57) carries out informational and explanatory work on the main areas of activity of the National Bank of Kazakhstan;
58) conducts events within the issues falling within its competence to improve the quality of financial services;
59) ensures the availability and relevance of the financial and operational risk management system of the National Bank of Kazakhstan;
60) within its competence cooperates with central banks, control and supervisory bodies of other states, international and other organizations and has the right to exchange, observing confidentiality, information constituting a commercial secret in the securities market, banking secrecy, insurance secrecy or other secret protected by law, necessary for the implementation of control and supervisory functions, on the basis and in accordance with an international treaty of the Republic of Kazakhstan, an agreement providing for the exchange of confidential information.
Under other organizations specified in the first part of this sub-item are meant associations of central banks, control and supervisory bodies of other states, created for the purpose of developing unified standards for regulating the activities of the banking sector, securities market and insurance market;
61) maintains registers of payment systems, significant payment service providers, payment organizations;
62) conducts research in the field of monetary policy, financial stability and other areas related to its activities;
63) develops and approves regulatory legal acts mandatory for execution by financial organizations, branches of banks – non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations – non-residents of the Republic of Kazakhstan, branches of insurance brokers – non-residents of the Republic of Kazakhstan, other physical and legal entities on the territory of the Republic of Kazakhstan in accordance with the Law on the National Bank and the legislation of the Republic of Kazakhstan;
64) ensures compliance with laws and other regulatory legal acts of the Republic of Kazakhstan in the field of mobilization preparation and mobilization;
65) carries out other functions provided for by the Law on the National Bank, other legislative acts of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
Chapter 3. Status, powers of the first head of the National Bank of Kazakhstan, his deputies, as well as collegial bodies

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The management of the National Bank of Kazakhstan is carried out by the Chairman, who bears personal responsibility for the fulfillment of the tasks assigned to the National Bank of Kazakhstan and the exercise of its powers.
The Chairman of the National Bank of Kazakhstan is appointed to the position by the President of the Republic of Kazakhstan with the consent of the Senate of the Parliament of the Republic of Kazakhstan for a term of 6 years and is dismissed from the position by the President of the Republic of Kazakhstan.
The Chairman of the National Bank of Kazakhstan has deputies, who are appointed to the position and dismissed from the position in accordance with the legislation of the Republic of Kazakhstan.
The Chairman of the National Bank of Kazakhstan determines the powers of his deputies in accordance with the legislation of the Republic of Kazakhstan.
Powers of the Chairman of the National Bank of Kazakhstan:
1) takes operational and executive-administrative decisions on all issues of the activities of the National Bank of Kazakhstan, except for powers specified by the Law on the National Bank and this Regulation for the Board, the Monetary Policy Committee and the Board of Directors of the National Bank of Kazakhstan;
2) submits for appointment by the President of the Republic of Kazakhstan the candidates for the position of Deputy Chairman of the National Bank of Kazakhstan;
3) appoints and dismisses members of the Board of the National Bank of Kazakhstan from the National Bank of Kazakhstan;
4) appoints officials of the National Bank of Kazakhstan and dismisses them, rewards outstanding employees, imposes disciplinary sanctions;
5) represents within its competence the National Bank of Kazakhstan in the republic and abroad;
6) on the basis and/or in execution of legislative acts of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan, regulatory legal acts of the National Bank of Kazakhstan, resolutions of the Board, the Monetary Policy Committee and the Board of Directors of the National Bank of Kazakhstan

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of Kazakhstan issues orders and directives on issues of the activities of the National Bank of Kazakhstan, signs resolutions of the Board, the Monetary Policy Committee and the Board of Directors of the National Bank of Kazakhstan;
7) chairs meetings of the Board, the Monetary Policy Committee and the Board of Directors of the National Bank of Kazakhstan;
8) distributes responsibilities among the Deputy Chairmen of the National Bank of Kazakhstan, establishes the degree of responsibility of his deputies and heads of departments of the central apparatus, branches, representative offices and organizations of the National Bank of Kazakhstan for the state of affairs in the assigned area of work;
9) approves the composition of the Monetary Policy Committee and the Board of Directors of the National Bank of Kazakhstan;
10) on the basis of the total staff size of the National Bank of Kazakhstan approved by the President of the Republic of Kazakhstan, approves the staffing schedules of the central apparatus, branches and representative offices of the National Bank of Kazakhstan;
11) approves the regulations on branches, representative offices and structural units of the central apparatus of the National Bank of Kazakhstan, except for the regulation on the internal audit department;
12) reviews the annual report on the work done by the security department;
13) concludes on behalf of the National Bank of Kazakhstan contracts (agreements, contracts);
14) disposes in accordance with the legislation of the Republic of Kazakhstan all property and funds of the National Bank of Kazakhstan, issues powers of attorney, establishes the procedure for signing obligations and issuing powers of attorney on behalf of the National Bank of Kazakhstan;
15) reviews the results of inspections and the results of internal audits of departments of the central apparatus, branches, representative offices and organizations of the National Bank of Kazakhstan, as well as joint-stock companies, the sole shareholder of which is the National Bank of Kazakhstan;

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16) controls the implementation of mobilization preparation measures.
The Chairman of the National Bank of Kazakhstan or his deputy makes a decision on imposing an administrative penalty for cases of administrative offenses, the consideration of which in accordance with the legislative acts of the Republic of Kazakhstan is within the competence of the National Bank of Kazakhstan. The Chairman of the National Bank of Kazakhstan has the right to make a decision on any issue not falling within the exclusive competence of the Board, the Monetary Policy Committee and the Board of Directors of the National Bank of Kazakhstan, as well as to entrust the resolution of certain issues falling within his competence to his deputies, heads of structural units of the central apparatus, branches and representative offices of the National Bank of Kazakhstan, other officials of the National Bank of Kazakhstan. Deputy Chairmen represent the National Bank of Kazakhstan without a power of attorney, sign documents within their competence, issue powers of attorney within their competence, including for the participation of employees of the National Bank of Kazakhstan in the consideration of cases in courts. Deputy Chairmen of the National Bank of Kazakhstan review issues and make decisions in accordance with the legislation of the Republic of Kazakhstan and on the basis of the distribution of their functional responsibilities. Heads of departments of the central apparatus of the National Bank of Kazakhstan carry out their activities based on regulations on these departments approved by the order of the Chairman of the National Bank of Kazakhstan. The execution of the powers of the Chairman of the National Bank of Kazakhstan during his absence is carried out by the person replacing him in accordance with the legislation of the Republic of Kazakhstan. The Chairman of the National Bank of Kazakhstan is obliged to take measures to counter corruption and bears the responsibility established by law for non-fulfillment or improper fulfillment of this obligation.
18. Collegial bodies of the National Bank of Kazakhstan are the Board, the Monetary Policy Committee and the Board of Directors.

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The highest body of the National Bank of Kazakhstan is the Board.
The powers of the Board of the National Bank of Kazakhstan, in addition to the powers provided for by Article 15 of the Law on the National Bank, include:
approval of rules:
1) on minimum reserve requirements;
2) establishment of the official exchange rate of the national currency of the Republic of Kazakhstan to foreign currencies;
3) exchange of banknotes and coins of the national currency of the Republic of Kazakhstan, withdrawn and withdrawn from circulation, as well as worn and damaged banknotes and coins of the national currency of the Republic of Kazakhstan;
4) sale and repurchase by the National Bank of Kazakhstan of banknotes and coins of the national currency of the Republic of Kazakhstan, including in special packaging;
5) conducting cash operations with individuals and legal entities in the National Bank of Kazakhstan;
6) determination of the solvency of banknotes and coins of the national currency of the Republic of Kazakhstan;
7) replacement of currency in circulation of the national currency of the Republic of Kazakhstan when their design (form) changes;
8) application of limited impact measures to payment system operators, payment system operating centers, payment service providers who are not banks, branches of banks – non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations;
9) application of supervisory response measures to legal entities carrying out activities exclusively through exchange points based on a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and legal entities whose exclusive activity is cashing of banknotes, coins and valuables;
10) withdrawal of cash currency from circulation;

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11) carrying out cash operations and banknote, coin, and valuables collection operations, including instructions on organizing automobile collection transportation in the Republic of Kazakhstan in second-level banks, branches of banks - non-residents of the Republic of Kazakhstan, the National Post Operator, and legal entities whose exclusive activity is the collection of banknotes, coins, and valuables, with the agreement of the authorized body for regulation, control and supervision of the financial market and financial organizations;

12) organizing the security and arrangement of premises of second-level banks, branches of banks - non-residents of the Republic of Kazakhstan, the National Post Operator, legal entities whose exclusive activity is the collection of banknotes, coins, and valuables, and legal entities carrying out activities exclusively through exchange points on the basis of a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, with the agreement of the corresponding authorized bodies;

13) issuing licenses to legal entities whose exclusive activity is the collection of banknotes, coins, and valuables, which establish qualification requirements imposed on legal entities whose exclusive activity is the collection of banknotes, coins, and valuables, which include requirements for the organizational and legal form, requirements for founders (participants), including disclosure of the sources of origin of their contributions to the charter capital, requirements for the size and procedure for forming the charter capital, as well as for the premises, technical means, equipment and employees of legal entities whose exclusive activity is the collection of banknotes, coins, and valuables;

14) carrying out operations with foreign currency in the National Bank of Kazakhstan, transferred to the ownership of the state on certain grounds;

15) functioning of the interbank money transfer system;

16) functioning of the interbank clearing system;

17) functioning of payment systems, the operator of which is the National Bank of Kazakhstan or its subsidiary;

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18) functioning of the interbank payment card system;

19) the application of checks on the territory of the Republic of Kazakhstan;

20) conducting operations with documentary letters of credit by banks of the Republic of Kazakhstan;

21) accounting of bills of exchange by second-level banks of the Republic of Kazakhstan, branches of banks - non-residents of the Republic of Kazakhstan;

22) conducting operations with bills of exchange and simple bills of exchange by second-level banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations;

23) issuance of payment cards, as well as requirements for activities related to the servicing of operations with their use on the territory of the Republic of Kazakhstan;

24) carrying out interbank payments and (or) money transfers for operations using payment cards in the Republic of Kazakhstan;

25) conducting auctions by the National Bank of Kazakhstan within the framework of the implementation of monetary policy;

26) issuance, use and redemption of electronic money, as well as requirements for issuers of electronic money and electronic money systems on the territory of the Republic of Kazakhstan;

27) issuance, placement, circulation and redemption of short-term notes of the National Bank of Kazakhstan;

28) opening, maintenance and closing of client bank accounts;

29) opening, maintenance and closing of bank accounts of legal entities in the National Bank of Kazakhstan;

30) application of economic sector codes and payment designations;

31) establishing correspondent relations between the National Bank of Kazakhstan and banks, branches of banks - non-residents of the Republic of Kazakhstan, as well as organizations carrying out certain types of banking operations;

32) establishing correspondent relations between banks, banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations, as well as establishing correspondent relations between banks and banks - participants of the International Financial Center "Astana";

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33) organizing the activities of payment organizations;

34) organizing the activities of the data exchange center for payment transactions with signs of fraud (Anti-Fraud Center of the National Bank of Kazakhstan);

35) submission by the operator or operational center of a systemically important or important payment system of information on payments and (or) money transfers, which determine the procedure for their submission, including forms, list, frequency and deadlines for their submission;

36) carrying out cashless payments and (or) money transfers on the territory of the Republic of Kazakhstan;

37) provision by banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations of electronic banking services;

38) submission of information on payment services, which determine the procedure for their submission, including forms, list, frequency and deadlines for their submission;

39) maintenance of the register of significant payment service providers;

40) maintenance of the register of payment systems;

41) monitoring of currency operations in the Republic of Kazakhstan;

42) carrying out exchange operations with cash foreign currency in the Republic of Kazakhstan;

43) carrying out currency operations in the Republic of Kazakhstan;

44) monitoring of sources of demand and supply in the domestic foreign exchange market of the Republic of Kazakhstan;

45) submission of information by branches (representative offices) of foreign non-financial organizations carrying out activities in the Republic of Kazakhstan;

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46) opening, maintenance and closing of metal accounts by banks, branches of banks - non-residents of the Republic of Kazakhstan;

47) submission of financial reporting by financial organizations, and submission of reporting based on accounting data by branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, which determine the procedure for its submission, including forms, list, frequency and deadlines for its submission, with the agreement of the authorized body for regulation, control and supervision of the financial market and financial organizations;

48) submission of reporting by subjects of the financial market, determining by agreement with the authorized body for regulation, control and supervision of the financial market and financial organizations the procedure for its submission, including forms intended for the collection of administrative data, frequency and deadlines for submission. For the purposes of this sub-item, subjects of the financial market submitting reporting include financial organizations and their major participants, banking holdings, banking conglomerates, insurance holdings, insurance groups, JSC "Development Bank of Kazakhstan", branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, credit bureaus and collection agencies;

49) introduction and cancellation by the National Bank of Kazakhstan of a special regulatory regime, carrying out activities related to digital assets and (or) payment services, within the framework of a special regulatory regime;

50) conversion or reconversion of assets of the National Fund of the Republic of Kazakhstan;

51) selection of external managers for foreign exchange assets of the National Bank of Kazakhstan, assets of the National Fund of the Republic of Kazakhstan and pension assets of the Unified Accumulative Pension Fund and transfer of assets to external management;

52) implementation of the state's priority right to acquire refined gold to replenish assets in precious metals;

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53) transfer for refining scrap and waste of precious metals, transferred to the ownership of the state on certain grounds, into refined gold bars and receiving them after refining;

54) appointment to office and termination of employment contracts with employees of the National Bank of Kazakhstan and its departments;

55) determination of the size and procedure for compensatory payments for official trips, including for the purpose of training, advanced training or retraining of an employee in accordance with the legislation of the Republic of Kazakhstan, made by state institutions funded from the budget (expense estimates) of the National Bank of Kazakhstan;

56) acquisition of goods, works and services by the National Bank of Kazakhstan, its departments, organizations included in its structure, and legal entities, fifty or more percent of voting shares (shares in the charter capital) of which belong to the National Bank of Kazakhstan or are under its trusteeship, by the authorized body for regulation, control and supervision of the financial market and financial organizations;

approval of requirements for:

1) activities for counting, sorting, packaging, storage of banknotes, coins and valuables, as well as their issue to second-level banks, branches of banks - non-residents of the Republic of Kazakhstan and their clients by order of second-level banks, branches of banks - non-residents of the Republic of Kazakhstan, carried out by legal entities whose exclusive activity is the collection of banknotes, coins and valuables;

2) organizational measures and software and technical means ensuring access to payment systems;

3) requirements for the degrees of protection of bill paper produced on the territory or imported into the territory of the Republic of Kazakhstan, as well as technical requirements for bill paper;

4) formatting and content of a certificate of the presence and number of a bank account and an extract on the balance and movement of funds in a bank account;

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5) security and uninterrupted operation of information systems of banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations;

6) rules of internal control for the purpose of combating the legalization (money laundering) of proceeds obtained criminally, financing of terrorism and financing of the proliferation of weapons of mass destruction for payment organizations, as well as for legal entities carrying out activities exclusively through exchange points on the basis of a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency;

approval of:

1) jointly with the authorized body carrying out leadership in the field of ensuring the receipt of taxes and other mandatory payments to the budget, rules for carrying out export-import currency control in the Republic of Kazakhstan;

2) jointly with the authorized body carrying out regulation of activities in the field of accounting and financial reporting, the procedure for determining the market exchange rate of currency;

3) jointly with the central authorized body for state planning, the maximum sizes of amounts of withdrawal of cash from bank accounts by business entities, as well as business entities to whom the requirement for withdrawal of cash from bank accounts does not apply;

4) jointly with the authorized body carrying out leadership in the field of ensuring the receipt of taxes and other mandatory payments to the budget and the authorized body for regulation, control and supervision of the financial market and financial organizations, rules for the withdrawal of cash from bank accounts by business entities, which determine, among other things, the conditions for the withdrawal of cash from bank accounts by business entities in excess of the established maximum sizes, as well as the procedure for submission to the authorized body carrying out leadership in the field of ensuring the receipt of taxes and other mandatory payments to the budget and the authorized body for regulation, control and supervision of the financial market and financial organizations of data and information on the withdrawal of cash from bank accounts by business entities in excess of the established maximum sizes, including forms, list and deadlines for their submission;

5) jointly with the authorized body for regulation, control and supervision of the financial market and financial organizations, a legal act on determining the maximum sizes of the annual effective rate of remuneration for bank loans and microcredits;

6) jointly with the authorized body for regulation, control and supervision of the financial market and financial organizations, rules on last-resort loans provided by the National Bank of Kazakhstan;

7) the size of the limit of payments and money transfers on correspondent accounts of banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations;

8) indicators of criteria for significant payment systems;

9) indicators under which a payment service provider is classified as a significant payment service provider;

10) by agreement with the authorized body for regulation, control and supervision of the financial market and financial organizations, rules for classifying financial organizations as systemically important;

11) by agreement with the authorized body in the field of state statistics, the form of departmental statistical observations and instructions for their completion;

12) regulatory legal acts on accounting issues, including standard chart of accounts, instructions for maintaining accounting, rules for organizing accounting and rules for automating accounting, mandatory for execution by all financial organizations, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, Development Bank of Kazakhstan;

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13) financial reporting standards on issues not regulated by international financial reporting standards, as well as methodological recommendations for them;

14) by agreement with the authorized body carrying out leadership in the field of ensuring the receipt of taxes and other mandatory payments to the budget, the form and content of the control check of computer systems used by banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations;

15) regulatory legal acts on the collection of administrative data on issues of currency regulation, cash circulation, payments and payment systems, financial stability, formation of monetary statistics, regulation, control and supervision of financial organizations and their affiliates, credit bureaus, and collection agencies, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, Development Bank of Kazakhstan;

16) criteria for selection by the National Bank of Kazakhstan and the procedure for reviewing documents for concluding a contract on carrying out activities within the framework of a special regulatory regime;

17) by agreement with the central authorized body for budget execution, the rules for carrying out investment operations of the National Fund of the Republic of Kazakhstan, as well as the report on the results of the trusteeship of the National Fund of the Republic of Kazakhstan submitted to the Government of the Republic of Kazakhstan;

18) investment declaration of the Unified Accumulative Pension Fund;

19) investment strategy for the management of foreign exchange assets of the National Bank of Kazakhstan;

20) accounting policy for the accounting of operations on the trusteeship of assets of the National Fund of the Republic of Kazakhstan;

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21) regulation on the internal audit department, as well as the procedure for organizing and conducting internal audit in the National Bank of Kazakhstan;

22) instruction on the assignment, use and cancellation of banking identification codes by the National Bank of Kazakhstan, as well as the assignment and cancellation of codes of banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations, and codes of branches of banks and organizations carrying out certain types of banking operations, their structure, formation and maintenance of the Bank Directory, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out certain types of banking operations;

23) instruction on the organization of anti-terrorist protection of objects of the National Bank of Kazakhstan vulnerable to terrorism;

24) regulation of the National Bank of Kazakhstan;

25) other legal acts of the National Bank of Kazakhstan in accordance with the Law on the National Bank, other legislative acts of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan;

The Board of the National Bank of Kazakhstan:

1) approves monetary policy;

2) sets target inflation indicators for the medium-term perspective;

3) establishes minimum reserve requirement standards;

4) establishes macroprudential standards and limits, their standard values and calculation methodology;

5) jointly with the authorized body for regulation, control and supervision of the financial market and financial organizations, determines the maximum sizes of the annual effective rate of remuneration for bank loans and microcredits;

6) makes decisions on the manufacture, issue into circulation, withdrawal from circulation of banknotes and coins of the national currency of the Republic of Kazakhstan, including by order of other countries, replacement of banknotes and coins of the national currency of the Republic of Kazakhstan upon change of their design or form;

7) establishes the period of parallel circulation of banknotes and coins of the national currency of the Republic of Kazakhstan upon change of their design (form);

8) determines the nominal value and design of banknotes and coins based on the concept approved by the President of the Republic of Kazakhstan;

9) determines the theme of issue, print run, alloy, terms and date of issue of collectible and investment coins;

10) establishes the limits of deviation of the purchase rate from the sale rate of foreign currency for tenge for operations conducted through exchange points;

11) establishes the size and procedure for forming charter capitals for legal entities carrying out activities exclusively through exchange points on the basis of a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and legal entities whose exclusive activity is the collection of banknotes, coins and valuables, as well as establishes the minimum size of the charter capital of a payment organization;

12) determines the main principles of managing assets in foreign currency and precious metals, including their structure;

13) determines activities related to monetary;

14) determines the categories of legal entities served by the National Bank of Kazakhstan;

15) considers the issue of providing and prolonging last-resort loans in the manner and on conditions provided for by the Law on the National Bank and the joint regulatory legal act of the National Bank of Kazakhstan and the authorized body for regulation, control and supervision of the financial market and financial organizations;

16) determines the mechanism for providing liquidity to the central counterparty;

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17) independently or jointly with the authorized body for regulation, control and supervision of the financial market and financial organizations approves a program aimed at protecting the interests of consumers of financial services;
18) makes a decision on the creation and participation in the activities of organizations, joint-stock companies, including those contributing to the implementation by the National Bank of Kazakhstan of its assigned functions and/or being part of the financial market infrastructure, as well as on changing their names, reorganization and liquidation;
19) makes a decision on the participation of the National Bank of Kazakhstan in international and other organizations in accordance with the Law on the National Bank;
20) makes a decision on the introduction of special and/or special regulatory regimes within its competence;
21) approves a standard contract for carrying out activities within the framework of a special regulatory regime within its competence;
22) considers and approves a contract for carrying out activities within the framework of a special regulatory regime within its competence;
23) makes a decision on the creation of advisory and consultative bodies of the National Bank of Kazakhstan;
24) approves the medium-term plan for audit inspections and the annual report of the internal audit department;
25) determines foreign custodians in which accounts of the National Bank of Kazakhstan are opened for accounting and storage of pension assets of the Unified Accumulative Pension Fund;
26) determines the procedure:
for the National Bank of Kazakhstan to carry out activities on the trust management of client assets; for the National Bank of Kazakhstan to carry out brokerage activities; for the National Bank of Kazakhstan to carry out dealer activities;

for the National Bank of Kazakhstan to carry out transactions with derivative financial instruments; for the National Bank of Kazakhstan to carry out transactions with cash foreign currency;
27) gives consent to increase the charter capital of joint-stock companies and increase or decrease the charter capital of limited liability companies of the National Bank of Kazakhstan, as well as to acquire from third parties or dispose of shares of joint-stock companies, participation shares in the charter capital of limited liability companies;
28) considers the issue of providing and extending loans in the manner and on terms provided for by the Law on the National Bank and legal acts of the National Bank of Kazakhstan;
29) determines the conditions for restructuring the debt of banks and other organizations to the National Bank of Kazakhstan on loans provided by the National Bank of Kazakhstan;
30) considers and makes decisions on issues of satisfying the claims of the National Bank of Kazakhstan on last-resort loans out of court;
31) annually approves the amount of the commission fee of the National Bank of Kazakhstan for the trust management of pension assets of the Unified Accumulative Pension Fund;
32) makes decisions on issues referred by the legislation of the Republic of Kazakhstan and the charter of the Unified Accumulative Pension Fund to the competence of the general meeting of shareholders (sole shareholder) of the Unified Accumulative Pension Fund;
33) makes a decision on accepting assets into trust management based on contracts for trust management concluded by the National Bank of Kazakhstan with legal entities;
34) determines a должностное лицо (official) at the level of no lower than the Deputy Chairman of the National Bank of Kazakhstan, whose powers include making operational decisions on the trust management of the National Fund of the Republic of Kazakhstan (authorized representative);

35) approves requirements for persons who are not employees of the National Bank of Kazakhstan to be included in the composition of the Monetary Policy Committee of the National Bank of Kazakhstan;
36) considers, approves and submits to the President of the Republic of Kazakhstan for approval the annual report on the work of the National Bank of Kazakhstan, the structure and total staff size of the National Bank of Kazakhstan;
37) based on the structure of the National Bank of Kazakhstan approved by the President of the Republic of Kazakhstan, approves the list of departments of the central apparatus, branches and representative offices of the National Bank of Kazakhstan with their names, as well as the total staff size of the organizations of the National Bank of Kazakhstan;
38) considers and approves the annual consolidated financial report of the National Bank of Kazakhstan;
39) approves the budget (expense estimate) of the National Bank of Kazakhstan;
40) establishes the size of the undistributed net income directed to the formation of the charter and/or reserve capital;
41) approves, in agreement with the President of the Republic of Kazakhstan, the system of remuneration of employees of the National Bank of Kazakhstan;
42) approves, in agreement with the President of the Republic of Kazakhstan, the salaries of the Chairman of the National Bank of Kazakhstan and his deputies;
43) approves the terms of remuneration and social and domestic support for employees of the National Bank of Kazakhstan and its agencies;
44) approves rules for ensuring access and internal regime in the buildings of the National Bank of Kazakhstan and its territorial branches;
45) in the event of the emergence or threat of a systemic financial crisis, independently or jointly with the Government of the Republic of Kazakhstan, imposes restrictions on the conduct of certain types of banking and other operations by financial organizations;

46) approves the rules for providing grants from the budget (expense estimate) of the National Bank of Kazakhstan for conducting research on priority areas of activity of the National Bank of Kazakhstan;
47) develops, forms and approves, in agreement with the authorized body in the field of state statistics, statistical methodology in the manner determined by the authorized body in the field of state statistics;
48) makes a decision on financing the activities of the authorized body for regulation, control and supervision of the financial market and financial organizations;
49) carries out other powers and functions assigned to the competence of the Board of the National Bank of Kazakhstan, provided for by the Law on the National Bank, other legislative acts of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
The Board of the National Bank of Kazakhstan has the right to consider and make a decision on any issue falling within the competence of the National Bank of Kazakhstan, determined by the Law on the National Bank, other legislative acts of the Republic of Kazakhstan and this Regulation. Meetings of the Board of the National Bank of Kazakhstan are held as necessary in accordance with the work plan approved by the Chairman of the National Bank of Kazakhstan. The meetings of the Board are chaired by the Chairman of the National Bank of Kazakhstan, and in his absence – the person acting in his place. The procedure for the work of the Board of the National Bank of Kazakhstan is determined by its regulations.
20. The Monetary Policy Committee of the National Bank of Kazakhstan is an body making decisions on monetary policy issues.
Powers of the Monetary Policy Committee of the National Bank of Kazakhstan:
1) establishes the base rate;

2) establishes the reward rates for the main monetary policy operations;
3) makes decisions on other monetary policy issues not falling within the exclusive competence of the Board of the National Bank of Kazakhstan.
The Monetary Policy Committee of the National Bank of Kazakhstan includes the Chairman of the National Bank of Kazakhstan, his deputies overseeing monetary policy, monetary operations, financial stability, heads of structural departments of the National Bank of Kazakhstan, whose functions include monetary policy, monetary operations, financial stability, as well as other departments of the National Bank of Kazakhstan by decision of the Chairman of the National Bank of Kazakhstan. The Monetary Policy Committee of the National Bank of Kazakhstan may include persons who are not employees of the National Bank of Kazakhstan, meeting the requirements approved by the Board of the National Bank of Kazakhstan. The composition and work regulations of the Monetary Policy Committee of the National Bank of Kazakhstan are approved by the Chairman of the National Bank of Kazakhstan. The Chairman of the National Bank of Kazakhstan presides over the meetings of the Monetary Policy Committee of the National Bank of Kazakhstan. Meetings of the Monetary Policy Committee of the National Bank of Kazakhstan are held as necessary, but no less than once a quarter. The Monetary Policy Committee of the National Bank of Kazakhstan adopts resolutions on issues within its competence.
21. The Board of Directors of the National Bank of Kazakhstan is an body for the operational management of the National Bank of Kazakhstan and makes decisions on issues within the competence of the National Bank of Kazakhstan, except for issues falling within the competence of the Board, the Monetary Policy Committee and the Chairman of the National Bank of Kazakhstan (or his deputies).
The Board of Directors includes the Chairman of the National Bank of Kazakhstan, his deputies, heads of structural departments and other officials of the National Bank of Kazakhstan by decision of the Chairman of the National Bank of Kazakhstan. The composition of the Board of Directors of the National Bank of Kazakhstan is approved by the Chairman of the National Bank of Kazakhstan. Powers of the Board of Directors of the National Bank of Kazakhstan:
1) approves the structure of departments of the central apparatus of the National Bank of Kazakhstan, its branches and representative offices, as well as the charters of organizations of the National Bank of Kazakhstan and the terms of remuneration of their employees;
2) hears reports on the work done by departments of the central apparatus, branches and representative offices of the National Bank of Kazakhstan, excluding reports of internal audit and security departments;
3) makes a decision on the creation, reorganization, change of name and legal status, increase or decrease of charter capital, liquidation and disposal of organizations of the National Bank of Kazakhstan;
4) makes a decision on the opening and closing of branches and representative offices of the National Bank of Kazakhstan;
5) if necessary, preliminarily considers issues submitted for consideration by the Board of the National Bank of Kazakhstan;
6) for subsidiary organizations of the National Bank of Kazakhstan, approves:
the procedure for submitting financial reports, including the list, forms and deadlines; legal acts on accounting and financial reporting; a standard chart of accounts; the procedure for the application by subsidiary organizations of the National Bank of Kazakhstan of a unified accounting policy; the procedure for inventory of the property of subsidiary organizations;

other acts on issues related to the transparency and reliability of financial reporting data of subsidiary organizations;
7) carries out state regulation of the system of accounting and financial reporting in the National Bank of Kazakhstan;
8) determines the structure of the bank account number in the National Bank of Kazakhstan;
9) agrees or sets prices for goods (works, services) produced and sold by state enterprises created by the National Bank of Kazakhstan;
10) establishes the cost of the checkbook of the National Bank of Kazakhstan;
11) approves:
the list of positions of technical employees of the National Bank of Kazakhstan; acts on monetary activities, internal activities of the National Bank of Kazakhstan, including those related to the use of property assigned to the National Bank of Kazakhstan, preparation and use of the budget (expense estimate), activities of legal entities, regarding which it is the founder (authorized body) or shareholder, client service, organization of cash money circulation and issuance-cash operations, ensuring the safety of valuables, work with documents within the framework of monitoring currency operations and collecting statistical and administrative data for the purpose of forming balance of payments statistics, labor relations and relations directly related to labor and other issues not falling within the exclusive competence of the Board of the National Bank of Kazakhstan; the procedure for accounting and preparation of separate and consolidated financial reports of the National Bank of Kazakhstan, including the standard chart of accounts of the National Bank of Kazakhstan, as well as the procedure for accounting and preparation of financial reports of the National Fund of the Republic of Kazakhstan, including

the standard chart of accounts of the National Fund of the Republic of Kazakhstan; acts on the management of the operating day of the National Bank of Kazakhstan to ensure the functioning of payment systems, receipt and processing of payment documents in payment systems, the operator of which is the National Bank of Kazakhstan, as well as the manufacture, accounting, storage and issuance of checkbooks; business plans, development plans of state enterprises of the National Bank of Kazakhstan and reports on their implementation, as well as the annual financial reports of state enterprises of the National Bank of Kazakhstan, confirmed by an audit organization; discount rates (discounts and quality discounts) to the price of refined gold in bars, purchased as part of the implementation of the state's priority right to acquire refined gold to replenish assets in precious metals;
schedule of the operating day of the National Bank of Kazakhstan, types and sizes of fees for services provided by the National Bank of Kazakhstan;
rules for the distribution of net income of state enterprises created by the National Bank of Kazakhstan; rules for business planning of the activities of state enterprises created by the National Bank of Kazakhstan; rules on business trips of employees of the National Bank of Kazakhstan; the list of market assets accepted by the National Bank of Kazakhstan as collateral to secure the performance of last-resort loan obligations, and discounts to them; the methodology for calculating and establishing discounts to the cost of non-market assets accepted by the National Bank of Kazakhstan as collateral to secure the performance of last-resort loan obligations; the procedure for interaction of departments of the National Bank of Kazakhstan in providing last-resort loans.

The Board of Directors of the National Bank of Kazakhstan has the right to consider and make a decision on any other issue not falling within the exclusive competence of the Board and the Monetary Policy Committee of the National Bank of Kazakhstan. Meetings of the Board of Directors of the National Bank of Kazakhstan are held as necessary, but no less than once a month. The meetings of the Board of Directors are chaired by the Chairman of the National Bank of Kazakhstan, and in his absence – the person acting in his place. The Board of Directors adopts resolutions on issues within its competence. The procedure for the work of the Board of Directors is determined by its regulations.
Chapter 4. Property of the National Bank of Kazakhstan
22. The National Bank of Kazakhstan, on behalf of the Republic of Kazakhstan, independently exercises the rights of ownership, use and disposal of property assigned to it, located on its balance sheet, in the manner determined by the National Bank of Kazakhstan.
23. Property assigned to the National Bank of Kazakhstan belongs to republican property.
24. The capital and reserves of the National Bank of Kazakhstan consist of charter and reserve capital, revaluation accounts, provisions (reserves). The formation of charter and reserve capital, revaluation accounts, provisions (reserves) is carried out in accordance with the Law on the National Bank.
Chapter 5. Reorganization and Liquidation (Abolition) of the National Bank of Kazakhstan
25. Reorganization and liquidation (abolition) of the National Bank of Kazakhstan is carried out in accordance with the legislation of the Republic of Kazakhstan.

The National Bank of Kazakhstan may be liquidated (abolished) by adopting the corresponding law of the Republic of Kazakhstan. In the event of liquidation (abolition) of the National Bank of Kazakhstan, its property passes to the successor specified in the corresponding law of the Republic of Kazakhstan.

APPROVED
By the Decree of the President of the Republic of Kazakhstan of December 31, 2003 No. 1271 STRUCTURE of the National Bank of the Republic of Kazakhstan Footnote. Structure in the edition of the Decree of the President of the RK of 23.04.2019 No. 31; with amendments introduced by decrees of the President of the RK of 06.10.2022 No. 1037 (enters into force from the day of its signing); from 15.08.2023 No. 305 (enters into force from the day of its signing).

Central apparatus:
1) departments;
2) administrations
Branches of the National Bank of the Republic of Kazakhstan:
1) central branch (city of Astana);
2) in cities of republican significance – Almaty and Shymkent;
3) in cities of regional significance of the Republic of Kazakhstan;
4) cash operations and valuables storage center in the city of Almaty
Organizations of the National Bank of the Republic of Kazakhstan:
1) excluded by Decree of the President of the RK of 15.08.2023 No. 305 (enters into force from the day of its signing);
2) republican state enterprise on the right of economic management "Kazakhstan Mint of the National Bank of the Republic of Kazakhstan";
3) republican state enterprise on the right of economic management "Banknote Factory of the National Bank of the Republic of Kazakhstan"
Representative offices of the National Bank of the Republic of Kazakhstan

Appendix
to the Decree of the President of the Republic of Kazakhstan of December 31, 2003 No.
1271
List of certain Decrees of the President of the Republic of Kazakhstan recognized as having lost force

Decree of the President of the Republic of Kazakhstan of August 11, 1999 No. 188 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan".
Decree of the President of the Republic of Kazakhstan of May 20, 2000 No. 400 "On Amendments and Additions to the Decree of the President of the Republic of Kazakhstan of August 11, 1999 No. 188".
Decree of the President of the Republic of Kazakhstan of April 18, 2001 No. 587 "On Amendments and Additions to the Decree of the President of the Republic of Kazakhstan of August 11, 1999 No. 188".
Paragraph 4 of the Decree of the President of the Republic of Kazakhstan of July 11, 2001 No. 654 "On Measures to Organize a Unified System of State Regulation of the Financial Market".
Decree of the President of the Republic of Kazakhstan of August 21, 2001 No. 668 "On Amendments and Additions to the Decree of the President of the Republic of Kazakhstan of August 11, 1999 No. 188".
Paragraph 3 of the Decree of the President of the Republic of Kazakhstan of May 17, 2002 No. 872 "Issues of Organizing a Unified System of State Regulation of the Financial Market of the Republic of Kazakhstan".
Decree of the President of the Republic of Kazakhstan of August 15, 2002 No. 924 "On Additions and Amendments to the Decree of the President of the Republic of Kazakhstan of August 11, 1999 No. 188".
Decree of the President of the Republic of Kazakhstan of December 29, 2002 No. 1009 "On Additions and Amendments to the Decree of the President of the Republic of Kazakhstan of August 11, 1999 No. 188".

Lineage: No known changes

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