Resolution of the Board of the National Bank of the Republic of Kazakhstan dated April 23, 2024 No. 23 on Amendments to Resolution No. 78

"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN" REPUBLICAN STATE INSTITUTION		REPUBLICAN STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
RESOLUTION OF THE BOARD April 23, 2024 Astana city		RESOLUTION OF THE BOARD No. 23 Astana city

On Amendments to the Resolution

of the Board of the National Bank of the Republic of Kazakhstan

dated June 15, 2020 No. 78

"On Approval of the Rules for the Selection of Foreign Organizations Managing Pension Assets of the Unified Accumulative Pension Fund, Including Requirements for Them, When Entrusting Them to Perform Actions Necessary for the Management of Pension Assets of the Unified Accumulative Pension Fund"

The Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Make the following amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated June 15, 2020 No. 78 "On Approval of the Rules for the Selection of Foreign Organizations Managing Pension Assets of the Unified Accumulative Pension Fund, Including Requirements for Them, When Entrusting Them to Perform Actions Necessary for the Management of Pension Assets of the Unified Accumulative Pension Fund" (registered in the Registry of State Registration of Normative Legal Acts under No. 20909):

restate the preamble in the following wording:

"In accordance with Subparagraph 80) of Part Two of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", in order to ensure the efficiency of managing pension assets of the Unified Accumulative Pension Fund, the Board of the National Bank of the Republic of Kazakhstan RESOLVES:";

in the Rules for the Selection of Foreign Organizations Managing Pension Assets of the Unified Accumulative Pension Fund, Including Requirements for Them, When Entrusting Them to Perform Actions Necessary for the Management of Pension Assets of the Unified Accumulative Pension Fund approved by the said Resolution:

restate Paragraph 1 in the following wording:

"1. These Rules for the Selection of Foreign Organizations Managing Pension Assets of the Unified Accumulative Pension Fund, Including Requirements for Them, When Entrusting Them to Perform Actions Necessary for the Management of Pension Assets of the Unified Accumulative Pension Fund (hereinafter - the Rules) are developed in accordance with the Social Code of the Republic of Kazakhstan, the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" and determine the procedure for the selection of foreign organizations managing pension assets of the Unified Accumulative Pension Fund (hereinafter - the Fund), including requirements for them, when entrusting them to perform actions necessary for the management of pension assets of the Fund.";

restate Subparagraph 5) of Paragraph 2 in the following wording:

"5) diversification - placement of pension assets in various financial instruments in order to reduce the risk of their losses in accordance with the requirements established by the National Bank of the Republic of Kazakhstan;."

1. The Monetary Operations Department of the National Bank of the Republic of Kazakhstan shall ensure, in the manner established by the legislation of the Republic of Kazakhstan:
   1. jointly with the Legal Department of the National Bank of the Republic of Kazakhstan, the state registration of this Resolution in the Ministry of Justice of the Republic of Kazakhstan;
   2. placement of this Resolution on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;
   3. within ten working days after the state registration of this Resolution, submission to the Legal Department of the National Bank of the Republic of Kazakhstan of information on the implementation of measures provided for in Subparagraph 2) of this Paragraph.
2. Supervision of the implementation of this Resolution[1] shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan overseeing the relevant area.
3. This Resolution shall enter into force after the expiration of ten calendar days from the day of its first official publication.

Chairman	T.M. Suleimenov

Copy is correct:

Chief Specialist-Secretary of the Board Z. Mukhambetova

1. On Amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated June 15, 2020 No. 78 "On Approval of the Rules for the Selection of Foreign Organizations Managing Pension Assets of the Unified Accumulative Pension Fund, Including Requirements for Them, When Entrusting Them to Perform Actions Necessary for the Management of Pension Assets of the Unified Accumulative Pension Fund" ↑