"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN" REPUBLICAN STATE INSTITUTION		REPUBLICAN STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
RESOLUTION OF THE BOARD		RESOLUTION OF THE BOARD
July 16, 2014		No. 137
City of Almaty		City of Almaty

On Approval

Accounting Standard 33

"Accounting and Disclosure of Information on Brokerage Operations"

In accordance with subparagraph 1) of paragraph 6 of Article 20 of the Law of the Republic of Kazakhstan "On Accounting and Financial Reporting", subparagraph 13) of the fourth paragraph of part two of paragraph 19 of the Regulation on the National Bank of the Republic of Kazakhstan, approved by the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan", the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

Footnote. The preamble in the edition of the Resolution of the Board of the National Bank of RK dated 19.12.2022 No. 122 (enters into force from January 1, 2023); in the edition of the Resolution of the Board of the National Bank of RK dated 24.12.2025 No. 105 (enters into force from January 1, 2026).

1. Approve the attached Accounting Standard 33 "Accounting and Disclosure of Information on Brokerage Operations".
2. Recognize as invalid the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated August 26, 2011 No. 108 "On Approval of Accounting Standard 33 'Accounting and Disclosure of Information on Brokerage Operations'" (registered in the Registry of State Registration of Normative Legal Acts under No. 7236, published on November 1, 2011 in the newspaper "Yuridicheskaya Gazeta" No. 159 (2149)).
3. This resolution enters into force after the expiration of ten calendar days from the day of its first official publication.

Chairman of the National Bank	K. Kelimbetov

"AGREED"

Ministry of Finance of the Republic of Kazakhstan Minister B. Sultanov

"15" August 2014

Approved

by the Resolution of the Board of the National Bank of the Republic of Kazakhstan

dated July 16, 2014 No. 137

Accounting Standard 33

"Accounting and Disclosure of Information on Brokerage Operations"

Chapter 1. Purpose and Scope

Footnote. Chapter 1 title in the edition of the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).

1. This Accounting Standard 33 "Accounting and Disclosure of Information on Brokerage Operations" (hereinafter - the Standard) is developed in accordance with subparagraph 1) of paragraph 6 of Article 20 of the Law of the Republic of Kazakhstan "On Accounting and Financial Reporting", subparagraph 13) of the fourth paragraph of part two of paragraph 19 of the Regulation on the National Bank of the Republic of Kazakhstan, approved by the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan", Rules for carrying out brokerage and (or) dealing activities in the securities market, the procedure for conducting banking operations by a broker and (or) dealer, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 3, 2014 No. 9 "On Approval of the Rules for carrying out brokerage and (or) dealing activities in the securities market, the procedure for conducting banking operations by a broker and (or) dealer" (registered in the Registry of State Registration of Normative Legal Acts under No. 9249), and is intended for application by an organization conducting brokerage activities in the securities market, (hereinafter - the broker) when preparing financial statements.

Footnote. Paragraph 1 in the edition of the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication); Resolution of the Board of the National Bank of RK dated 19.12.2022 No. 122 (enters into force from January 1, 2023); in the edition of the Resolution of the Board of the National Bank of RK dated 24.12.2025 No. 105 (enters into force from January 1, 2026).

1. The purpose of the Standard is to define the features of accounting and presentation of information on brokerage activities, which must be disclosed in the financial statements of the broker.
2. The Standard considers issues not regulated by international financial reporting standards and not contradicting them.
3. The Standard does not apply to second-tier banks, branches of non-resident banks of the Republic of Kazakhstan, having a license to conduct brokerage and dealing activities.

Footnote. Paragraph 4 in the edition of the Resolution of the Board of the National Bank of RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days from the day of its first official publication).

1. For accounting and preparation of reports by the broker on the portfolio of own funds, the corresponding international financial reporting standards are applied.

Chapter 2. Terms used in the Standard

Footnote. Chapter 2 title in the edition of the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).

1. For the purposes of the Standard, the following terms are used:
2. balance sheet accounts - accounts provided for in paragraphs 1 to 7 of Chapter 2 of the Model Chart of Accounts for Accounting for Separate Subjects of the Financial Market of the Republic of Kazakhstan, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated September 22, 2008 No. 79 "On Approval of the Model Chart of Accounts for Accounting for Separate Subjects of the Financial Market of the Republic of Kazakhstan" (registered in the Registry of State Registration of Normative Legal Acts under No. 5348);
3. broker's commission income (expenses) - remuneration (expenses) charged (incurred) by the broker for providing brokerage services;
4. broker's portfolio of own funds - money, securities and other financial instruments purchased by the broker in its own interest and at its own expense.

Chapter 3. Accounting and Initial Recognition

Footnote. Chapter 3 title in the edition of the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).

1. Accounting by the broker of completed transactions with securities and other financial instruments, as well as money belonging to clients, is kept on off-balance sheet accounts without reflection on balance sheet accounts, except for cases of recognizing money received from a client as an asset in the broker's own balance sheet in accordance with paragraph 8 of the Standard.
2. The criteria for recognizing money received from a client as an asset in the broker's own balance sheet are:
3. the broker's right to carry out a transaction with the client's assets at its own discretion based on a decision made in accordance with the broker's internal documents, without obtaining the client's written and (or) oral consent (order);
4. the broker's right to receive economic benefits depending on the outcome of the transaction concluded with the client's assets (excluding the broker's commission income);
5. the broker's risks associated with carrying out professional activities in the securities market, in the course of fulfilling the conditions of the brokerage services agreement for the client's assets.

If, in accordance with the terms of the brokerage services agreement, the criteria for recognizing money received from a client as an asset in the broker's own balance sheet, provided for in the first part of this paragraph, are met in aggregate, then the money received from the client is reflected on balance sheet accounts and recognized in the broker's own balance sheet as own assets.

If, in accordance with the terms of the brokerage services agreement, the criteria for recognizing money received from a client as an asset in the broker's own balance sheet, provided for in the first part of this paragraph, are not met in aggregate, then the money received from the client is not reflected on balance sheet accounts and is not recognized in the broker's own balance sheet as own assets.

Footnote. Paragraph 8 with amendments introduced by the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).

1. Costs associated with providing brokerage services incurred by the broker and subject to reimbursement by the client are reflected on balance sheet accounts as accounts receivable until fully reimbursed by the client.

Chapter 4. Income (expenses) from providing brokerage services

Footnote. Chapter 4 title in the edition of the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).

• 1. The broker's income (expenses) from providing brokerage services are recognized as the broker's commission income (expenses). These income (expenses) are reflected on balance sheet accounts and in financial statements in the broker's portfolio of own funds.

Chapter 5. Disclosure of Information

Footnote. Chapter 5 title in the edition of the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).

• 1. When providing brokerage services, the following information is disclosed in financial statements:

1. obligations arising from providing brokerage services;
2. income and expenses from providing brokerage services.

Chapter 6. Final Provisions

Footnote. Chapter 6 excluded by the Resolution of the Board of the National Bank of RK dated 14.10.2019 No. 172 (enters into force after the expiration of ten calendar days from the day of its first official publication).