Resolution of the Board of the National Bank of the Republic of Kazakhstan No. 25 dated March 2, 2021 "On Approval of the List, Forms, and Submission Deadlines for Reporting on Compliance with Prudential Standards by Branches of Non-Resident Insurance (Reinsurance) Organizations and Branches of Islamic Insurance (Reinsurance) Organizations of the Republic of Kazakhstan and Rules for Their Submission"

REPUBLICAN STATE INSTITUTION
"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"		REPUBLICAN STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
RESOLUTION OF THE BOARD		RESOLUTION OF THE BOARD

No. 25 dated "2" March 2021

Nur-Sultan city

On Approval of the List, Forms, and Submission Deadlines for Reporting on Compliance with Prudential Standards by Branches of Non-Resident Insurance (Reinsurance) Organizations of the Republic of Kazakhstan and Branches of Islamic Insurance (Reinsurance) Organizations of the Republic of Kazakhstan and Rules for Their Submission

In accordance with Subparagraph 65-2) Part Two Article 15 of the Law of the Republic of Kazakhstan dated March 30, 1995 "On the National Bank of the Republic of Kazakhstan", Paragraph 12 Article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity", and Subparagraph 2) Paragraph 3 Article 16 of the Law of the Republic of Kazakhstan dated March 19, 2010 "On State Statistics", the Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Approve:

1) the list of reports on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan according to Appendix 1
of this resolution;

2) the report form on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan according to Appendix 2 to this resolution;

3) the report form on the amount of increase in the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan according to Appendix 3 to this resolution;

4) the report form on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activity under the industry "general insurance", and branches of non-resident reinsurance organizations carrying out reinsurance as an exclusive type of activity, according to Appendix 4 to this resolution;

5) the report form on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activity under the industry "life insurance", according to Appendix 5
to this resolution;

6) the report form on high-liquidity assets of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan according to Appendix 6 to this resolution;

7) the Rules for submitting reports on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan according to Appendix 7 to this resolution.

2. Branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan submit to the National Bank of the Republic of Kazakhstan in electronic format monthly no later than the 6th (sixth) working day of the month following the reporting month, the reports provided for in subparagraphs 2), 3), 4), 5) and 6) of paragraph 1 of this resolution.

3. The Financial Market Statistics Department (Burambaeva A.M.)
   in the manner established by the legislation of the Republic of Kazakhstan ensure:

1) jointly with the Legal Department (Kasenov A.S.) 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 state registration of this resolution, submission to the Legal Department of information on the implementation of measures provided for in subparagraph 2) of this paragraph and paragraph 4 of this resolution.

4. The Information and Communications Department – Press Service of the National Bank (Adambaeva A.R.) ensure within ten calendar days after state registration of this resolution sending its copy for official publication in periodic print editions.

5. Control over the implementation of this resolution is entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan Baymagambetov A.M.

6. This resolution enters into force upon the expiration of ten calendar days after the day of its first official publication.

Chairman

National Bank E. Dosayev

AGREED

Agency of the Republic of Kazakhstan for regulation and development of the financial market

AGREED

Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan

Appendix 1
to the resolution

List of reports on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Reporting on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan includes:

1) report on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan
and branches of Islamic insurance (reinsurance) non-resident organizations of the Republic of Kazakhstan;

2) report on the amount of increase in the minimum size of the solvency margin of branches of non-resident insurance (reinsurance)
organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan;

3) report on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activity under the industry "general insurance", and branches of non-resident reinsurance
organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity;

4) report on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activity under the industry "life insurance";

5) report on high-liquidity assets of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan.

Appendix 2
to resolution

Form intended for the collection of administrative data

Submitted to: National Bank of the Republic of Kazakhstan

Administrative data form is posted on the Internet resource: www.nationalbank.kz

Report on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) non-resident organizations of the Republic of Kazakhstan

Administrative data form index: 1-PN_S

Frequency: monthly

Reporting period: as of "____" ______ 20 ___ year

Persons submitting the report: branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Deadline for submission of administrative data form: monthly, no later than the 6th (sixth) working day of the month following the reporting month

Form

No.	Name of Standard	Indicator Value
1	2	3
1	Solvency Margin Adequacy Ratio
2	Actual Solvency Margin (in thousands of tenge)
3	Minimum Size of Solvency Margin (in thousands of tenge)
4	Information on compliance with the solvency margin adequacy ratio (yes/no)
5	Minimum Size of Assets Accepted as Reserve (in thousands of tenge)
6	High-Liquidity Assets Adequacy Ratio
7	Value of High-Liquidity Assets (in thousands of tenge)
8	Obligations under Repo Operations
9	Insurance Reserves minus Share of Reinsurer (in thousands of tenge)
10	Information on compliance with the high-liquidity assets adequacy ratio (yes/no)

Name ______
Address ______
Phone ______
Email Address ______
Executor ______ ______ surname, name and patronymic (if any) signature, phone

Head or person assigned the function of signing the report

______ ______ surname, name and patronymic (if any) signature, phone

Date "____" ______ 20__ year

Appendix
to the report form on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) non-resident organizations of the Republic of Kazakhstan

Explanation for filling out the administrative data form

Report on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) non-resident organizations of the Republic of Kazakhstan (index – 1-PN_S, frequency – monthly)

Chapter 1. General Provisions

1. This Explanation (hereinafter – Explanation) defines uniform requirements for filling out the form intended for the collection of administrative data "Report on compliance with prudential standards by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan" (hereinafter – Form).

2. The Form is developed in accordance with paragraph 12 article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity".

3. The Form is compiled by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan (hereinafter – branch) monthly and filled out as of the end of the reporting period.

4. The unit of measurement used when filling out monetary indicators of the Form is set in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge. Indicators in percentages are indicated to two decimal places.

5. The Form is signed by the head or person assigned the function of signing the report, and the executor.

6. Methodologies for calculating prudential standards for the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, the branch of an Islamic insurance (reinsurance) organization of the Republic of Kazakhstan, and other mandatory norms and limits are determined in accordance with the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 17, 2021 No. 32 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards for the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of an Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, and Other Mandatory Norms and Limits, Including the Procedure for Forming Assets of the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of an Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, Accepted as Reserve, and Their Minimum Size", registered in the Registry of State Registration of Regulatory Legal Acts under No. 22231 (hereinafter – Methodologies).

Chapter 2. Explanation for Filling Out the Form

7. In line 1, the value of the solvency margin adequacy ratio is specified, calculated in accordance with paragraph 1 of Chapter 2 of the Methodologies.

8. In line 2, the value of the actual solvency margin is specified, calculated in accordance with paragraph 21 of the Methodologies.

9. In line 3, the value of the minimum size of the solvency margin is specified, calculated in accordance with paragraphs 4, 8, 11, 12, 14 and 15 of the Methodologies.

10. In line 4, information on compliance with the solvency margin adequacy ratio ("yes" or "no") is specified. The solvency margin adequacy ratio for the branch is set at not less than 1 (one). If the branch fails to comply with the high-liquidity assets adequacy ratio, the value of the ratio is marked "no".

11. In line 5, the minimum size of assets accepted as reserve is specified, calculated in accordance with Appendix 1 to the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 17, 2021 No. 32 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards for the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of an Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, and Other Mandatory Norms and Limits, Including the Procedure for Forming Assets of the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of an Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, Accepted as Reserve, and Their Minimum Size", registered in the Registry of State Registration of Regulatory Legal Acts under No. 22231.

12. In line 6, the value of the high-liquidity assets adequacy ratio is specified, calculated in accordance with paragraph 2 of Chapter 2 of the Methodologies.

13. In line 7, the value of high-liquidity assets
    (minus obligations under repo operations) of the branch is specified, calculated in accordance with the High-Liquidity Assets Table according to Appendix 3 to the Methodologies.

14. In line 8, the branch's obligations under repo operations are specified.

15. In line 9, the sum of the branch's insurance reserves minus the reinsurer's share at the end of the last reporting month is specified, calculated in accordance with the Requirements for Formation, Calculation Methodology and Structure of Insurance Reserves, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 31, 2019 No. 13 "On Approval of Requirements for Formation, Calculation Methodology and Structure of Insurance Reserves" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 18290).

16. In line 10, information on compliance with the high-liquidity assets adequacy ratio ("yes" or "no") is specified. The solvency margin adequacy ratio for the branch is set at not less than 1 (one). If the branch fails to comply with the high-liquidity assets adequacy ratio, the value of the ratio is marked "no".

Appendix 3
to resolution

Form intended for the collection of administrative data

Submitted to: National Bank of the Republic of Kazakhstan

Administrative data form is posted on the Internet resource: www.nationalbank.kz

Report on the amount of increase in the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan non-residents of the Republic of Kazakhstan

Administrative data form index: 1-PN_M

Frequency: monthly

Reporting period: as of "____" ______ 20 ___ year

Persons submitting the report: branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Deadline for submission of administrative data form: monthly, no later than the 6th (sixth) working day of the month following the reporting month

Form

(in thousands of tenge)

Name of Reinsurance Organization	Rating Assessment of Reinsurer on International or National Scale (Solvency Margin Adequacy Ratio)	Volume of Obligations Transferred (To Be Transferred) in Reinsurance under Existing Reinsurance Contracts, Total (in thousands of tenge)	Percentage of Volume of Obligations Transferred (To Be Transferred) in Reinsurance under Existing Reinsurance Contracts	Amount of Increase in Minimum Size of Solvency Margin (in thousands of tenge) (column 3 x column 4)
1	2	3	4	5
Reinsurance contracts concluded with reinsurer non-residents of the Republic of Kazakhstan, excluding reinsurers of states that are members of the Eurasian Economic Union
Group 1	"AA-" or higher		0%
Group 2	from "A+" to "A-"		0%
Group 3	from "BBB+" to "BBB-"		0.2%
Group 4	from "BB+" to "BB-"		0.75%
Group 5	from "B+" to "B-"		3.8%
Group 6	below "B-" or absent		22%
Reinsurance contracts concluded with reinsurer residents of the Republic of Kazakhstan, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan
Group 7	not lower than "B" or "kzBB"		0%
Group 8	"B-", "kzBB-", "kzB+"		0.2%
Group 9	> 1.75		0.05%
Group 10	> 1.5		0.1%
Group 11	> 1.25		0.2%
Group 12	> 1.1		0.5%
Group 13	>= 1.0		3.8%
Group 14	< 1.0		5%
Reinsurance contracts concluded with reinsurers of states that are members of the Eurasian Economic Union
Group 15	from "BBB+" to "BBB-"		0%
Group 16	from "BB+" to "BB-"		0.2%
Group 17	from "B+" to "B-"		0.5%
Group 18	below "B-" or absent		22%
Total:

Name ______
Address ______
Phone ______
Email Address ______
Executor ______ ______ surname, name and patronymic (if any) signature, phone

Head or person assigned the function of signing the report

______ ______ surname, name and patronymic (if any) signature, phone

Date "____" ______ 20__ year

Appendix
to the report form on the amount of increase in the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) non-resident organizations of the Republic of Kazakhstan

Explanation for filling out the administrative data form

Report on the amount of increase in the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan (index – 1-PN_M, frequency – monthly)

Chapter 1. General Provisions

1. This Explanation (hereinafter – Explanation) defines uniform requirements for filling out the form intended for the collection of administrative data "Report on the amount of increase in the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan" (hereinafter – Form).

2. The Form is developed in accordance with paragraph 12 article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity".

3. The Form is compiled by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan (hereinafter – branch) monthly and filled out as of the end of the reporting period.

4. The unit of measurement used when filling out monetary indicators of the Form is set in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge. Indicators in percentages are indicated to two decimal places.

5. The Form is signed by the head or person assigned the function of signing the report, and the executor.

6. Methodologies for calculating prudential standards for the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, the branch of an Islamic insurance (reinsurance) organization of the Republic of Kazakhstan, and other mandatory norms and limits are determined in accordance with the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 17, 2021 No. 32 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards for the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of an Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, and Other Mandatory Norms and Limits, Including the Procedure for Forming Assets of the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of an Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, Accepted as Reserve, and Their Minimum Size", registered in the Registry of State Registration of Regulatory Legal Acts under No. 22231 (hereinafter – Methodologies).

Chapter 2. Explanation for Filling Out the Form

7. The minimum size of the solvency margin of the branch is increased by the amount of obligations transferred (transferred) to reinsurance to resident and non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, as well as to branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan under existing reinsurance contracts, in accordance with paragraph 6 of the Methodologies.

8. For the purposes of filling out the Form, rating assessments of agencies are used in accordance with paragraph 7 of the Methodologies.

Appendix 4
to Resolution

Form intended for the collection of administrative data

Submitted to: National Bank of the Republic of Kazakhstan

The administrative data form is posted on the website: www.nationalbank.kz

Report on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "general insurance" sector, and branches of non-resident reinsurance organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity

Index of the administrative data form: 1-PN_O

Frequency: monthly

Reporting period: as of "____" ______ 20 ___ year

Persons submitting the report: branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "general insurance" sector, branches of non-resident reinsurance organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity

Deadline for submission of the administrative data form: monthly, no later than the 6th (sixth) working day of the month following the reporting month

Form

(in thousands of tenge)

No. p/p	Name of indicator	Line code	Amount
1	2	3	4
1	Minimum size of the solvency margin using the "premium method"	100
2	Minimum size of the solvency margin using the "claim method"	200
3	Actual solvency margin for insurance (reinsurance) organizations in the "general insurance" sector	300
4	Minimum size of the solvency margin	400
5	Solvency margin adequacy ratio	500

Name ______

Address______

Phone ______

Email address ______

Executor______ ______

surname, name and patronymic (if any), signature, phone

Head or person assigned the function of signing the report

---

surname, name and patronymic (if any), signature, phone

Date "____" ______ 20__ year

Appendix
to the report form on the calculation of the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan, carrying out insurance activities in the "general insurance" sector and branches of non-resident reinsurance organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity

Explanation on filling out the administrative data form

Report on the calculation of the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "general insurance" sector and branches of non-resident reinsurance organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity

(index – 1-PN_O, frequency – monthly)

Chapter 1. General Provisions

1. This explanation (hereinafter – Explanation) defines uniform requirements for filling out the form intended for the collection of administrative data "Report on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "general insurance" sector and branches of non-resident reinsurance organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity" (hereinafter – Form).

2. The Form is developed in accordance with paragraph 12 of Article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity".

3. The Form is compiled by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "general insurance" sector, branches of non-resident reinsurance organizations of the Republic of Kazakhstan carrying out reinsurance as an exclusive type of activity (hereinafter – branch) monthly and filled out as of the end of the reporting period.

4. The unit of measurement used when filling out monetary indicators of the Form is established in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge. Indicators in percentages are indicated to two decimal places.

5. The Form is signed by the head or person assigned the function of signing the report, and the executor.

6. Methodologies for calculating prudential norms for a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non-resident Islamic insurance (reinsurance) organization of the Republic of Kazakhstan, and other mandatory norms and limits are determined in accordance with the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 17, 2021 No. 32 "On Establishing Normative Values and Methodologies for Calculating Prudential Norms for a Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, a Branch of a Non-Resident Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, and Other Mandatory Norms and Limits, Including the Procedure for Forming Assets of a Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, a Branch of a Non-Resident Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, Accepted as Reserves, and Their Minimum Size", registered in the Registry of State Registration of Regulatory Legal Acts under No. 22231 (hereinafter – Methodologies).

Chapter 2. Explanation on Filling Out the Form

7. In line 1, the value of the minimum size of the solvency margin using the "premium method," calculated in accordance with paragraph 9 of the Methodologies, is indicated.

8. In line 2, the value of the minimum size of the solvency margin using the "claim method," calculated in accordance with paragraph 10 of the Methodologies, is indicated.

9. In line 3, the value of the actual solvency margin of the branch carrying out insurance activities in the "general insurance" sector for the reporting period is indicated.

10. In line 4, the minimum size of the solvency margin for the reporting period is indicated.

The minimum size of the solvency margin of the branch is increased by the amounts specified in paragraph 11 of the Methodologies.

The minimum size of the solvency margin of the branch is decreased by the value specified in paragraph 14 of the Methodologies.

11. In line 5, the value of the solvency margin adequacy ratio, equal to the ratio of the actual solvency margin to the minimum size of the solvency margin, is indicated.

Appendix 5
to Resolution

Form intended for the collection of administrative data

Submitted to: National Bank of the Republic of Kazakhstan

The administrative data form is posted on the website: www.nationalbank.kz

Report on the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "life insurance" sector

Index of the administrative data form: 1-PN_Z

Frequency: monthly

Reporting period: as of "____" ______ 20 ___ year

Persons submitting the report: branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "life insurance" sector

Deadline for submission of the administrative data form: monthly, no later than the 6th (sixth) working day of the month following the reporting month

Form

(in thousands of tenge)

No. p/p	Name of indicator	Line code	Amount
1	2	3	4
1	Minimum size of the solvency margin for classes "life insurance" and "annuity insurance", including:	100
2	under life insurance contracts in case of death	110
3	under other life insurance contracts	120
4	Minimum size of the solvency margin for classes "accident insurance", "sickness insurance" and "mandatory insurance of workers against accidents while performing their labor (official) duties"	200
5	Actual solvency margin for insurance (reinsurance) organizations in the "life insurance" sector	300
6	Minimum size of the solvency margin	400
7	Solvency margin adequacy ratio	500

Name ______

Address______

Phone ______

Email address ______

Executor______ ______

surname, name and patronymic (if any), signature, phone

Head or person assigned the function of signing the report

---

surname, name and patronymic (if any), signature, phone

Date "____" ______ 20__ year

Appendix
to the report form on the calculation of the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan, carrying out insurance activities in the "life insurance" sector

Explanation on filling out the administrative data form

Report on the calculation of the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "life insurance" sector

(index – 1-PN_Z, frequency – monthly)

Chapter 1. General Provisions

1. This explanation (hereinafter – Explanation) defines uniform requirements for filling out the form intended for the collection of administrative data "Report on the calculation of the minimum size of the solvency margin of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "life insurance" sector" (hereinafter – Form).

2. The Form is developed in accordance with paragraph 12 of Article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity".

3. The Form is compiled by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan carrying out insurance activities in the "life insurance" sector (hereinafter – branch) monthly and filled out as of the end of the reporting period.

4. The unit of measurement used when filling out monetary indicators of the Form is established in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge. Indicators in percentages are indicated to two decimal places.

5. The Form is signed by the head or person assigned the function of signing the report, and the executor.

6. Methodologies for calculating prudential norms for a branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non-resident Islamic insurance (reinsurance) organization of the Republic of Kazakhstan, and other mandatory norms and limits are determined in accordance with the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 17, 2021 No. 32 "On Establishing Normative Values and Methodologies for Calculating Prudential Norms for a Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, a Branch of a Non-Resident Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, and Other Mandatory Norms and Limits, Including the Procedure for Forming Assets of a Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, a Branch of a Non-Resident Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, Accepted as Reserves, and Their Minimum Size", registered in the Registry of State Registration of Regulatory Legal Acts under No. 22231 (hereinafter – Methodologies).

Chapter 2. Explanation on Filling Out the Form

7. In line 1, the value of the minimum size of the solvency margin for classes "life insurance" and "annuity insurance," calculated in accordance with paragraph 16 of the Methodologies, is indicated.

8. In line 2, the value of the minimum size of the solvency margin under life insurance contracts in case of death, calculated in accordance with paragraph 17 of the Methodologies, is indicated.

9. In line 3, the value of the minimum size of the solvency margin under other life insurance contracts, calculated in accordance with paragraph 19 of the Methodologies, is indicated.

10. In line 4, the minimum size of the solvency margin for classes "accident insurance," "sickness insurance" and "mandatory insurance of workers against accidents while performing their labor (official) duties," calculated in accordance with paragraph 20 of the Methodologies, is indicated.

11. In line 5, the value of the actual solvency margin of the branch carrying out insurance activities in the "life insurance" sector for the reporting period is indicated.

12. In line 6, the minimum size of the solvency margin for the reporting period is indicated.

13. In line 7, the value of the solvency margin adequacy ratio, equal to the ratio of the actual solvency margin to the minimum size of the solvency margin, is indicated.

Appendix 6
to Resolution

Form intended for the collection of administrative data

Submitted to: National Bank of the Republic of Kazakhstan

The administrative data form is posted on the website: www.nationalbank.kz

Report on highly liquid assets of branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Index of the administrative data form: 1-PN_V

Frequency: monthly

Reporting period: as of "____" ______ 20 ___ year

Persons submitting the report: branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Deadline for submission of the administrative data form: monthly, no later than the 6th (sixth) working day of the month following the reporting month

Form

(in thousands of tenge)

№	Indicator Name	Balance Sheet Amount	Accounted Volume	Amount for Calculation
1	2	3	4	5
1	Cash - total, including:		X
1.1	cash in the vault in an amount not exceeding 1 (one) percent of the branch's assets of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan minus reinsurance assets		100%
1.2	funds of the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan in accounts at an organization carrying out brokerage and/or dealer activities in the securities market, located in level-two banks of the Republic of Kazakhstan, branches of non-resident banks of the Republic of Kazakhstan, and in the central depository		100%
1.3	funds in current accounts in level-two banks of the Republic of Kazakhstan meeting one of the following requirements: are issuers whose shares are included in the "premium" category of the "stocks" sector of the "Main" platform of the official list of the stock exchange or are in the representative list of the stock exchange index; have a long-term credit rating no lower than "B" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating assessment no lower than "kzBB+" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies; are resident subsidiary banks of the Republic of Kazakhstan, the parent non-resident banks of which have a long-term credit rating no lower than "A-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		100%
1.4	funds in current accounts in level-two banks of the Republic of Kazakhstan having a long-term credit rating of "B-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating assessment from "kzBB" to "kzBB-" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		90%
1.5	funds in current accounts in branches of non-resident banks of the Republic of Kazakhstan, in cases where non-resident banks of the Republic of Kazakhstan have a long-term rating no lower than "BBB" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		100%
1.6	funds of the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan in accounts at an organization carrying out investment portfolio management activities, located in level-two banks of the Republic of Kazakhstan		100%
2.	Minimum size of assets accepted as reserves, placed in a current account in a level-two bank of the Republic of Kazakhstan		100%
3	Deposits, including:		X
3.1	deposits in level-two banks of the Republic of Kazakhstan provided that these banks are issuers whose shares are included in the "premium" category of the "stocks" sector of the "Main" platform of the official list of the stock exchange or are in the representative list of the stock exchange index		100%
3.2	deposits in level-two banks of the Republic of Kazakhstan meeting one of the following requirements: have a long-term credit rating no lower than "B" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating assessment no lower than "kzBB+" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies; are resident subsidiary banks of the Republic of Kazakhstan, the parent non-resident banks of which have a long-term foreign currency credit rating no lower than "A-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		100%
3.3	deposits in level-two banks of the Republic of Kazakhstan having a long-term credit rating of "B-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating assessment from "kzBB" to "kzBB-" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		90%
3.4	deposits in international financial organizations, the list of which is determined by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 26, 2016 No. 304 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits, Requirements for Acquired Shares (Participation Interests in Authorized Capital) of Legal Entities by Insurance (Reinsurance) Organizations, Subsidiary Organizations of Insurance (Reinsurance) Organizations or Insurance Holdings, List of Bonds of International Financial Organizations Acquired by Insurance Holdings, Minimum Required Rating for Bonds Acquired by Insurance Holdings, and List of Rating Agencies, as well as List of Financial Instruments (excluding Shares and Participation Interests in Authorized Capital) Acquired by Insurance (Reinsurance) Organizations", registered in the Registry of Regulatory Legal Acts of the Republic of Kazakhstan under No. 14797 (hereinafter – international financial organizations), having a long-term credit rating no lower than "AA-" from Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, deposits in the Eurasian Development Bank in the national currency of the Republic of Kazakhstan		100%
3.5	deposits in non-resident banks having a long-term credit rating no lower than "BBB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		100%
3.6	deposits in branches of non-resident banks of the Republic of Kazakhstan, in cases where non-resident banks of the Republic of Kazakhstan have a long-term rating no lower than "BBB" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		100%
4	Debt Securities - total, including:		X
4.1	state securities of the Republic of Kazakhstan, including those issued in accordance with the legislation of other states, issued by the Ministry of Finance of the Republic of Kazakhstan and the National Bank of the Republic of Kazakhstan		100%
4.2	debt securities issued by local executive bodies of the Republic of Kazakhstan, included in the official list of the stock exchange operating on the territory of the Republic of Kazakhstan		100%
4.3	debt securities issued by a legal entity carrying out the buyback of mortgage loans to individuals not related to entrepreneurial activity, one hundred percent of the shares of which belong to the National Bank of the Republic of Kazakhstan		100%
4.4	debt securities issued by Joint Stock Companies "Bank of Development of Kazakhstan", "National Welfare Fund "Samruk-Kazyna", "National Managing Holding "Baýterek", "Problematic Loans Fund" in accordance with the legislation of the Republic of Kazakhstan and other states		100%
4.5	non-state debt securities of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Main" platform of the official list of the stock exchange, or non-state debt securities of legal entities of the Republic of Kazakhstan admitted to public trading on a stock exchange functioning on the territory of the Astana International Financial Centre, meeting the stock exchange requirements for inclusion in the "debt securities" sector of the "Main" platform of the official list of the stock exchange		90%
4.6	non-state debt securities of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, included in the "debt securities" sector of the "Alternative" platform of the official list of the stock exchange, or non-state debt securities of legal entities of the Republic of Kazakhstan admitted to public trading on a stock exchange functioning on the territory of the Astana International Financial Centre, meeting the stock exchange requirements for inclusion in the "debt securities" sector of the "Alternative" platform of the official list of the stock exchange		60%
4.7	non-state debt securities of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (the issuer of which has) a rating assessment no lower than "BB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating no lower than "kzA-" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		100%
4.8	non-state debt securities of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, having (the issuer of which has) a rating assessment from "B+" to "B-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		85%
4.9	non-state debt securities issued by international financial organizations having a rating assessment no lower than "AA-" from Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, as well as debt securities issued by the Eurasian Development Bank and denominated in the national currency of the Republic of Kazakhstan		100%
4.10	debt securities of foreign states having a sovereign rating no lower than "BBB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		100%
4.11	debt securities of foreign states having a sovereign rating from "BB+" to "BB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		90%
4.12	debt securities of foreign states having a sovereign rating from "B+" to "B-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies		80%
4.13	non-state debt securities of foreign issuers having (the issuer of which has) a rating assessment no lower than "BBB-" on the international scale of Standard & Poor's (S&P) or a rating from one of other rating agencies		100%
4.14	non-state debt securities of foreign issuers having (the issuer of which has) a rating assessment from "BB+" to "BB-" on the international scale of Standard & Poor's (S&P) or a rating from one of other rating agencies		85%
4.15	non-state debt securities of foreign issuers having (the issuer of which has) a rating assessment from "B+" to "B-" on the international scale of Standard & Poor's (S&P) or a rating from one of other rating agencies		70%
5	Shares and Depositary Receipts - total, including:		X
5.1	shares of legal entities of the Republic of Kazakhstan and foreign issuers included in the composition of major stock indices, the list of which is determined by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 26, 2016 No. 304 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards of an Insurance (Reinsurance) Organization and Insurance Group and Other Mandatory Norms and Limits, Requirements for Acquired Shares (Participation Interests in Authorized Capital) of Legal Entities by Insurance (Reinsurance) Organizations, Subsidiary Organizations of Insurance (Reinsurance) Organizations or Insurance Holdings, List of Bonds of International Financial Organizations Acquired by Insurance Holdings, Minimum Required Rating for Bonds Acquired by Insurance Holdings, and List of Rating Agencies, as well as List of Financial Instruments (excluding Shares and Participation Interests in Authorized Capital) Acquired by Insurance (Reinsurance) Organizations", registered in the Registry of Regulatory Legal Acts of the Republic of Kazakhstan under No. 14797 (hereinafter – major stock indices), and depositary receipts, the underlying asset of which are such shares		100%
5.2	shares of legal entities included in the official list of the stock exchange, meeting the requirements of the "premium" category of the "stocks" sector of the "Main" platform of the official list of the stock exchange, and depositary receipts, the underlying asset of which are such shares		100%
5.3	shares of legal entities - residents of the Republic of Kazakhstan, included in the "standard" category of the "stocks" sector of the "Main" platform of the official list of the stock exchange, or shares of legal entities - residents of the Republic of Kazakhstan, included in the official list of the stock exchange functioning on the territory of the Astana International Financial Centre, admitted to public trading, and depositary receipts, the underlying asset of which are such shares, excluding shares and depositary receipts, the underlying asset of which are such shares, indicated in line 5.4 of this appendix		80%
5.4	shares of legal entities of the Republic of Kazakhstan, included in the "stocks" sector of the "Alternative" platform of the official list of the stock exchange, or shares of legal entities of the Republic of Kazakhstan, included in the subsection of the official list "Segment of the Regional Stock Market" of the stock exchange functioning on the territory of the Astana International Financial Centre, admitted to public trading, and depositary receipts, the underlying asset of which are such shares		60%
5.5	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating assessment no lower than "BBB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, and depositary receipts, the underlying asset of which are such shares		100%
5.6	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating assessment from "BB+" to "BB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, and depositary receipts, the underlying asset of which are such shares		80%
5.7	shares of legal entities of the Republic of Kazakhstan and foreign issuers having a rating assessment from "B+" to "B-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, and depositary receipts, the underlying asset of which are such shares		60%
6	Other Securities - total, including:		X
6.1	securities of investment funds included in the official list of the stock exchange		70%
6.2	units of Exchange Traded Funds (ETF), the structure of assets of which repeats the structure of one of the major stock indices, or whose unit pricing is linked to major stock indices		90%
6.3	units of Exchange Traded Funds (ETF), Exchange Traded Commodities (ETC), Exchange Traded Notes (ETN) having a rating assessment no lower than "3 stars" from Morningstar rating agency		80%
6.4	Islamic finance instruments of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating assessment no lower than "BBB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating no lower than "kzAAA" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		100%
6.5	Islamic finance instruments of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating assessment from "BB+" to "BB-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating from "kzAA+" to "kzA-" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		90%
6.6	Islamic finance instruments of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, having a rating assessment from "B+" to "B-" on the international scale of Standard & Poor's (S&P) or a rating of a similar level from one of other rating agencies, or a rating from "kzBBB+" to "kzBB-" on the national scale of Standard & Poor's (S&P), or a rating of a similar level on the national scale of one of other rating agencies		80%
6.7	Islamic finance instruments of legal entities of the Republic of Kazakhstan, issued in accordance with the legislation of the Republic of Kazakhstan and other states, the parent organizations of which have a rating assessment no lower than "BBB-" on the international scale of Standard & Poor's (S&P) or a rating assessment of a similar level from one of other rating agencies		90%
7	Other Assets - total, including:		X
7.1	refined precious metals and metal deposits		100%
7.2	claims against issuers of securities for payment of the nominal value of securities arising due to the expiration of their circulation period provided for by the securities issue prospectus (not overdue according to the terms of the securities issue prospectus)		100%
8	Total High-Liquid Assets
9	Obligations under Repo Transactions
10	Insurance Reserves Minus Reinsurer's Share
11	High-Liquid Assets Adequacy Ratio

Name ______

Address______

Phone ______

Email Address ______

Executor______ ______

surname, first name, patronymic (if any) signature, phone

Head or person entrusted with the function of signing the report

---

surname, first name, patronymic (if any) signature, phone

Date "____" ______ 20__ year

Appendix
to the report form on high-liquid assets of the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Explanation on filling out the administrative data form

Report on high-liquid assets of the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan (index – 1-PN_V, frequency – monthly)

Chapter 1. General Provisions

1. This Explanation (hereinafter – Explanation) defines uniform requirements for filling out the form intended for collecting administrative data "Report on high-liquid assets of the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan" (hereinafter – Form).

2. The Form is developed in accordance with paragraph 12 of Article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity".

3. The Form is compiled monthly by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan (hereinafter – branch) and is filled out as of the end of the reporting period.

4. The unit of measurement used when filling out monetary indicators of the Form is established in thousands of tenge. An amount less than 500 (five hundred) tenge is rounded to 0 (zero), and an amount equal to 500 (five hundred) tenge and above is rounded to 1,000 (one thousand) tenge. Indicators in percentages are specified to two decimal places.

5. The Form is signed by the head or person entrusted with the function of signing the report, and the executor.

6. The calculation methodologies for prudential standards of the branch of a non-resident insurance (reinsurance) organization of the Republic of Kazakhstan, the branch of a non-resident Islamic insurance (reinsurance) organization of the Republic of Kazakhstan, and other mandatory norms and limits are determined in accordance with the Resolution of the Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated February 17, 2021 No. 32 "On Establishing Normative Values and Calculation Methodologies for Prudential Standards of the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of a Non-Resident Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan, and Other Mandatory Norms and Limits, Including the Procedure for Formation of Assets of the Branch of a Non-Resident Insurance (Reinsurance) Organization of the Republic of Kazakhstan, the Branch of a Non-Resident Islamic Insurance (Reinsurance) Organization of the Republic of Kazakhstan Accepted as Reserves, and Their Minimum Size", registered in the Registry of State Registration of Regulatory Legal Acts under No. 22231 (hereinafter – Methodologies).

Chapter 2. Explanation on Filling Out the Form

7. For the purposes of filling out the Form, in addition to rating assessments from Standard & Poor's (S&P), rating assessments from Moody's Investors Service, Fitch, A.M. Best, and Morningstar are also used, as well as their subsidiary rating organizations in accordance with the Methodology.

8. If a financial instrument meets two or more criteria established in the Form, the category of the financial instrument is determined independently by the branch.

9. Column 3 indicates the book value as of the end of the last calendar day of the reporting period.

10. Line 9 indicates liabilities under REPO operations.

11. Line 10 indicates the amount of branch insurance reserves minus the reinsurer's share as of the end of the last reporting month, calculated in accordance with the Requirements for the formation, methodology for calculating insurance reserves and their structure, approved by Resolution of the Board of the National Bank of the Republic of Kazakhstan dated January 31, 2019 No. 13 "On Approval of the Requirements for the Formation, Methodology for Calculating Insurance Reserves and Their Structure" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 18290).

12. Line 11 indicates the high-liquidity assets adequacy ratio, equal to the ratio of the branch's high-liquidity assets to insurance reserves minus the reinsurer's share.

Appendix 7
to resolution

Rules for submitting reports on compliance with prudential norms by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan

Chapter 1. General Provisions

1. These Rules for submitting reports on compliance with prudential norms by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan are developed in accordance with paragraph 12 of Article 46 of the Law of the Republic of Kazakhstan dated December 18, 2000 "On Insurance Activity" and define the procedure for submitting reports on compliance with prudential norms by branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan and branches of non-resident Islamic insurance (reinsurance) organizations of the Republic of Kazakhstan
   (hereinafter – Branches) to the National Bank of the Republic of Kazakhstan (hereinafter – National Bank).

Chapter 2. Procedure for submitting reports on compliance with prudential norms

2. Branches submit reports on compliance with prudential norms to the National Bank in electronic format.

Reports on compliance with prudential norms as of the reporting date are signed by the head or the person entrusted with the function of signing the report, and the executor.

3. Branches carry out daily monitoring of rating assessments for each security, issuer, reinsurance organization, Islamic reinsurance organization, second-tier bank, as well as the category of securities of JSC "Kazakhstan Stock Exchange" and/or securities admitted to public trading on a stock exchange functioning on the territory of the International Financial Center "Astana" (hereinafter – stock exchanges). When carrying out settlements and submitting reports, the rating assessment and category of securities of stock exchanges as of the end of the reporting period are used.

4. If the deadline for submitting reports on compliance with prudential norms falls on a weekend (holiday), the date of submitting reports on compliance with prudential norms is considered the next working day.