Resolution of the Board of the National Bank of the Republic of Kazakhstan No. 69 on Approving the Instruction on Accounting for Operations with Pension Assets

«KAZAKHSTAN REPUBLIC'S NATIONAL BANK» REPUBLICAN STATE INSTITUTION		REPUBLICAN STATE INSTITUTION "NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"
BOARD RESOLUTION		BOARD RESOLUTION
July 1, 2011 Almaty city		No. 69 Almaty city

On Approval of the Instruction on Accounting for Operations with Pension Assets, Target Assets, and Target Accumulations Conducted by the Unified Accumulative Pension Fund and Voluntary Accumulative Pension Funds

Footnote. The title of the resolution in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 11/27/2023 No. 87 (enters into force from January 1, 2024).

In accordance with subparagraph 2) of paragraph 6 of Article 20 of the Law of the Republic of Kazakhstan "On Accounting and Financial Reporting", subparagraph 12) 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 the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 09/17/2022 No. 81 (enters into force from January 1, 2023); in the edition of the Resolution of the Board of the National Bank of the RK of 12/24/2025 No. 105 (enters into force from January 1, 2026).

1. Approve the attached Instruction on accounting for operations with pension assets, target assets, and target accumulations conducted by the Unified Accumulative Pension Fund and voluntary accumulation pension funds.

Footnote. Paragraph 1 in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 11/27/2023 No. 87 (enters into force from January 1, 2024).

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

3. From the date of entry into force of this resolution, recognize as invalid the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated November 28, 2008 No. 99 "On Approval of the Instruction on Accounting for Operations with Pension Assets Conducted by Accumulative Pension Funds of the Republic of Kazakhstan" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 5432).

Chairman
National Bank	G. Marchenko

	Approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 1, 2011 No. 69

Instruction on Accounting for Operations with Pension Assets, Target Assets, and Target Accumulations Conducted by the Unified Accumulative Pension Fund and Voluntary Accumulative Pension Funds

Footnote. The title in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 11/27/2023 No. 87 (enters into force from January 1, 2024).

Chapter 1. General Provisions

Footnote. The title of Chapter 1 in the edition of the Resolution of the Board of the National Bank of the RK of 09/26/2016 No. 229; from 11/28/2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 11/27/2023 No. 87 (enters into force from January 1, 2024).

1. This Instruction is developed in accordance with subparagraph 2) of paragraph 6 of Article 20 of the Law of the Republic of Kazakhstan "On Accounting and Financial Reporting", subparagraph 12) 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", Financial Reporting Standard "Accounting and Disclosure of Information on Pension Asset Operations", approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 26, 2013 No. 195 "On Approval of the Financial Reporting Standard "Accounting and Disclosure of Information on Pension Asset Operations" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 8765) (hereinafter - Standard), international financial reporting standards, and details the accounting for operations with pension assets conducted by the Unified Accumulative Pension Fund and voluntary accumulation pension funds (hereinafter - Fund).

Footnote. Paragraph 1 in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication) from 09/23/2013 No. 250; from 09/17/2022 No. 81 (enters into force from January 1, 2023); in the edition of the Resolution of the Board of the National Bank of the RK of 12/24/2025 No. 105 (enters into force from January 1, 2026).

2. Additional accounting entries not contradicting this Instruction and the legislation of the Republic of Kazakhstan on accounting and financial reporting are permitted.

2-1. For the purposes of this Instruction, the fair value of an asset is 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 of June 26, 2023 No. 58 "On Approval of the Rules for Carrying out Accounting and Valuation of Pension Assets" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 32997).

Footnote. The Instruction was supplemented with paragraph 2-1 in accordance with the Resolution of the Board of the National Bank of the RK of 09/23/2013 No. 250 (enters into force after the expiration of ten calendar days after the day of its first official publication); in the edition of the Resolution of the Board of the National Bank of the RK of 07/17/2015 No. 131 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 11/27/2023 No. 87 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Chapter 2. Basic Concepts Used in This Instruction

Footnote. The title of Chapter 2 in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 11/28/2016 No. 279; from 11/27/2023 No. 87 (enters into force after the expiration of ten calendar days after the day of its first official publication).

3. This Instruction uses concepts provided for by the Social Code of the Republic of Kazakhstan, the Law of the Republic of Kazakhstan "On Accounting and Financial Reporting", and international financial reporting standards.

Footnote. Paragraph 3 in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 09/17/2022 No. 81 (enters into force from January 1, 2023); from 11/27/2023 No. 87 (enters into force after the expiration of ten calendar days after the day of its first official publication).

4. For the purposes of this Instruction, the following concepts are also used:

1) debt securities - securities certifying the right of its owner to receive from the issuer the principal amount of debt in the size and terms established by the issuance conditions;

2) discount (price reduction) - the amount of negative difference arising between the acquisition cost of a debt security (excluding accrued interest) and its nominal value, forming future period income for the investor (buyer);

3) book value - the value at which an asset or liability is reflected in the balance sheet net of interest;

4) deleted by the Resolution of the Board of the National Bank of the RK of 10/14/2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication);

5) transaction costs - additional expenses directly related to the acquisition, issuance, or disposal of a financial asset or financial liability, which are a mandatory condition for their acquisition, issuance, or realization;

6) premium - the amount of positive difference arising between the acquisition cost of a debt security (excluding accrued interest) and its nominal value, forming future period expenses for the investor (buyer);

7) amortization of premium or discount (price reduction) - the gradual allocation of the amount of the recorded premium or discount (price reduction) to the organization's income or expenses;

8) equity securities - securities certifying the right to a share in the net assets (assets minus liabilities) of an organization. For the purposes of this Instruction, equity securities include shares, depositary receipts on shares, units of mutual investment funds, and other securities falling under the definition of equity securities in accordance with international financial reporting standards.

Footnote. Paragraph 4 with changes introduced by the Resolution of the Board of the National Bank of the RK of 10/14/2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Chapter 3. Accounting for Operations on Receipt of Pension Contributions and Payment of Pension Accumulations

Footnote. The title of Chapter 3 in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication); from 09/26/2016 No. 229; from 11/28/2016 No. 279.

5. The Unified Accumulative Pension Fund, based on payment documents and lists of individuals in whose favor mandatory pension contributions, mandatory professional pension contributions, and penalties are transferred, received from the Non-State Joint Stock Company "Government for Citizens" Corporation for the previous working day, carries out the following accounting entry:

Dr 1060 61 Cash (pension assets) on the current account (investment account)

Cr 3390 65 Pension accumulations on individual pension accounts.

Footnote. Paragraph 5 in the edition of the Resolution of the Board of the National Bank of the RK of 11/28/2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication).

5-1. On the amount of voluntary pension contributions, receipt of unclaimed amounts of guarantee compensation from the organization carrying out mandatory guaranteeing of deposits, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) on the current account (investment account)
Cr	3390 65	Pension accumulations on individual pension accounts

Footnote. The Instruction was supplemented with paragraph 5-1 in accordance with the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication), in the edition of the Resolution of the Board of the National Bank of the RK of 03/15/2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).

5-2. On the amount of mandatory employer pension contributions, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) on the current account (investment account)
Cr	3390 70	Funds accounted for on conditional pension accounts formed from mandatory employer pension contributions.

Footnote. The Instruction was supplemented with paragraph 5-2 in accordance with the Resolution of the Board of the National Bank of the RK of 12/19/2022 No. 122 (enters into force from January 1, 2023).

6. On the amount of erroneously credited pension contributions and other receipts, the following accounting entry is made:

Dr 1060 61 Cash (pension assets) on the current account (investment account)

Cr 3390 64 Liabilities for the return of erroneously credited amounts of pension contributions.

7. Upon return to the sender of money, erroneously credited pension contributions, and other receipts, the following accounting entry is made:

Dr 3390 64 Liabilities for the return of erroneously credited amounts of pension contributions

Cr 1060 61 Cash (pension assets) on the current account (investment account).

8. Upon payments and transfers of pension accumulations to other Funds, and/or to insurance organizations, and upon transfer of pension accumulations to trust management, the following accounting entries are made:

1) on the amount of transfer from the investment account to the payment account:

Dr 1060 62 Cash (pension assets) on the current account (payment account)

Cr 1060 61 Cash (pension assets) on the current account (investment account);

2) on the amount of obligations to the depositor (recipient):

Dr 3390 65 Pension accumulations on individual pension accounts

Cr 3390 61 Liabilities for the payment of pension accumulations

3390 62 Liabilities for the transfer of pension accumulations to other accumulation pension funds

3390 63 Liabilities for the transfer of pension accumulations to insurance organizations

3390 69 Liabilities for the transfer of pension accumulations to trust management;

3) upon actual payment:

Dr 3390 61 Liabilities for the payment of pension accumulations

3390 62 Liabilities for the transfer of pension accumulations to other accumulation pension funds

3390 63 Liabilities for the transfer of pension accumulations to insurance organizations

Cr 1060 62 Cash (pension assets) on the current account (payment account)

3120 Individual income tax;

4) on the amount of claims on pension accumulations transferred to trust management:

Dr 1280 11 Claims on pension accumulations transferred to trust management

Cr 3390 65 Pension accumulations on Individual pension accounts;

5) upon transfer of pension accumulations between custodians:

Dr 3390 69 Liabilities for the transfer of pension accumulations to trust management

Cr 1060 61 Cash (pension assets) on the current account (investment account),

simultaneously:

Dr 1060 61 Cash (pension assets) on the current account (investment account)

Cr 1280 11 Claims on pension accumulations transferred to trust management.

Footnote. Paragraph 8 in the edition of the Resolution of the Board of the National Bank of the RK of 03/15/2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).

8-1. Upon crediting funds to reserve fund accounts from conditional pension accounts of individuals, the following accounting entry is made:

Dr	3390 70	Funds accounted for on conditional pension accounts formed from mandatory employer pension contributions
Cr	3390 68	Reserve fund for conditional pension obligations
	3390 72	Reserve funds of the Unified Accumulative Pension Fund, for mandatory employer pension contributions.

Upon debiting funds from reserve fund accounts to conditional pension accounts of individuals, the following accounting entry is made:

Dr	3390 68	Reserve fund for conditional pension obligations
	3390 72	Reserve funds of the Unified Accumulative Pension Fund, for mandatory employer pension contributions
Cr	3390 70	Funds accounted for on conditional pension accounts formed from mandatory employer pension contributions.

Footnote. The Instruction was supplemented with paragraph 8-1 in accordance with the Resolution of the Board of the National Bank of the RK of 12/19/2022 No. 122 (enters into force from January 1, 2023).

8-2. Upon carrying out the delivery of pensions and pension accumulations of workers (family members) of member states of the Eurasian Economic Union, the following accounting entries are made:

1. On the amount of received pensions and pension accumulations of workers (family members) of member states of the Eurasian Economic Union, for subsequent delivery within the territory of the Republic of Kazakhstan, the following accounting entry is made:

Dr	1030 00	Cash on current accounts
Cr	3390 71	Liabilities for the delivery of pensions and pension accumulations of workers (family members) of member states of the Eurasian Economic Union within the territory of the Republic of Kazakhstan;

2) upon actual payment of the received amounts of pensions and pension accumulations of workers (family members) of member states of the Eurasian Economic Union within the territory of the Republic of Kazakhstan:

Dr	3390 71	Liabilities for the delivery of pensions and pension accumulations of workers (family members) of member states of the Eurasian Economic Union within the territory of the Republic of Kazakhstan
Cr	1030 00	Cash on current accounts.

Footnote. The Instruction was supplemented with paragraph 8-2 in accordance with the Resolution of the Board of the National Bank of the RK of 11/27/2023 No. 87 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Chapter 4. Accounting for Operations
on Placement of Pension Assets in Securities

Footnote. The title of Chapter 4 in the edition of the Resolution of the Board of the National Bank of the RK of 11/28/2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication). Footnote. Chapter 4 in the edition of the Resolution of the Board of the National Bank of the RK of 07/26/2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Paragraph 1. Accounting for acquired debt securities, evaluated at fair value

9. Upon purchase of debt securities classified in the "fair value" category, the following accounting entries are made:

1) upon transfer of advance to the broker:

Dr	1610 02	Settlements with brokers
Cr	1060 61	Cash (pension assets) on the current account (investment account);

2) on the amount of commission expenses:

Dr	7470 81	Commission expenses for stock exchange services
	7470 82	Commission expenses for brokerage and dealing activities
Cr	3380 81	Accrued commission expenses for stock exchange services
	3380 82	Accrued commission expenses for brokerage and dealing activities;

3) upon payment of previously accrued commission expenses:

Dr	3380 81	Accrued commission expenses for stock exchange services
	3380 82	Accrued commission expenses for brokerage and dealing activities
Cr	1060 61	Cash (pension assets) on the current account (investment account)
	1610 02	Settlements with brokers;

4) on the day of concluding the transaction for the purchase of debt securities on the amount of conditional obligations and conditional claims, the following accounting entry is made:

Dr	8300 01	Conditional claims on the purchase of financial assets
Cr	8600 13	Conditional obligations on the purchase of financial assets;

5) on the amount of positive revaluation of the fair value of debt securities arising during the period between the transaction date and the settlement date, the following accounting entry is made:

Dr	1140 64	Positive adjustment of the fair value of short-term financial assets, evaluated at fair value
	2030 64	Positive adjustment of the fair value of long-term financial assets, evaluated at fair value
Cr	6150 01	Income from changes in the value of securities, evaluated at fair value, changes in which are reflected in profit or loss;

6) on the amount of negative revaluation of the fair value of debt securities arising during the period between the transaction date and the settlement date, the following accounting entry is made:

Dr	7470 03	Expenses from changes in the value of securities, evaluated at fair value, changes in which are reflected in profit or loss
Cr	1140 65	Negative adjustment of the fair value of short-term financial assets, evaluated at fair value
	2030 65	Negative adjustment of the fair value of long-term financial assets, evaluated at fair value;

7) on the settlement date of the acquired debt security (on the amount not exceeding its nominal value):

Dr	1140 61	Short-term financial assets, evaluated at fair value
	2030 61	Long-term financial assets, evaluated at fair value
Cr	1060 61	Cash (pension assets) on the current account (investment account)
	1610 02	Settlements with brokers;

8) on the amount of premium:

Dr	1140 63	Premium on short-term financial assets, evaluated at fair value
	2030 63	Premium on long-term financial assets, evaluated at fair value
Cr	1060 61	Cash (pension assets) on the current account (investment account)
	1610 02	Settlements with brokers;

9) on the amount of discount (price reduction):

Dr	1140 61	Short-term financial assets, evaluated at fair value
	2030 61	Long-term financial assets, evaluated at fair value
Cr	1140 62	Discount on short-term financial assets, evaluated at fair value
	2030 62	Discount on long-term financial assets, evaluated at fair value;

10) on the amount of interest accrued by the previous holder:

Dr	1270 04	Interest accrued by previous holders on securities
	2170 03	Interest accrued by previous holders on securities
Cr	1060 61	Cash (pension assets) on the current account (investment account)
	1610 02	Settlements with brokers;

11) in cases provided for by the Standard, when the transaction price does not represent the fair value of the asset based on information obtained from the investment portfolio manager or the National Bank of the Republic of Kazakhstan, carrying out trust management, in accordance with the investment (trust) management agreement concluded between the Fund and the investment portfolio manager or the National Bank of the Republic of Kazakhstan, initial recognition of financial assets is carried out at fair value:

when the transaction amount for the purchase of debt securities exceeds their fair value:

Dr	7470 10	Expenses from purchase-sale of securities
Cr	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value;

when the fair value of debt securities exceeds the transaction price upon their purchase:

Dr	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value
	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
Cr	6280 09	Income from purchase-sale of securities;

12) on the settlement date of the transaction, for the amount of conditional obligations and claims regarding the purchase of debt securities, the following accounting entry is made:

Dr	8600 13	Conditional obligations for purchase of financial assets
Cr	8300 01	Conditional claims for purchase of financial assets;

13) in case the settlement date differs from the valuation date (actual transfer of money for the acquired asset), on the valuation date, for the full cost of acquired debt securities measured at fair value:

Dr	3540	Other short-term liabilities
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Footnote. Paragraph 9 as amended by Resolution of the Board of the National Bank of RK No. 250 dated 23.09.2013 (enters into force after ten calendar days from the day of its first official publication); No. 81 dated 17.09.2022 (enters into force from January 1, 2023).

10. When accruing remuneration on acquired debt securities measured at fair value, the following accounting entry is made for the amount of accrued remuneration:

Dr	1270 01	Accrued income in the form of remuneration on acquired securities
	2170 01	Accrued income in the form of remuneration on acquired securities
Cr	6110 01	Income related to receiving remuneration on acquired securities.

11. Upon amortization of a premium or discount (allowance) on acquired debt securities measured at fair value, the following accounting entries are made:

1) for the amount of premium amortization:

Dr	7310 02	Expenses related to amortization of premium on acquired securities
Cr	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value;

2) for the amount of discount (allowance) amortization:

Dr	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
Cr	6110 03	Income related to amortization of discount on acquired securities.

12. After accruing remuneration and amortizing the premium or discount (allowance) according to paragraphs 10 and 11 of this Instruction, revaluation at fair value of acquired debt securities measured at fair value is performed with the frequency established by the Fund's accounting policy, and the following accounting entries are made:

1) if the fair value of debt securities measured at fair value is higher than their book value:

Dr	1140 64	Positive adjustment of fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of fair value of long-term financial assets measured at fair value
Cr	6150 01	Income from changes in value of securities accounted for at fair value, changes in which are reflected in profit or loss;

2) if the book value of debt securities measured at fair value is higher than their fair value:

Dr	7470 03	Expenses from changes in value of securities accounted for at fair value, changes in which are reflected in profit or loss
Cr	1140 65	Negative adjustment of fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of fair value of long-term financial assets measured at fair value;

3) for the amount of outstanding positive or negative adjustment of fair value of debt securities measured at fair value:

Dr	1140 65	Negative adjustment of fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of fair value of long-term financial assets measured at fair value
Cr	1140 64	Positive adjustment of fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of fair value of long-term financial assets measured at fair value.

Footnote. Paragraph 12 as amended by Resolution of the Board of the National Bank of RK No. 171 dated 14.10.2019 (enters into force after ten calendar days from the day of its first official publication).

13. When revaluing debt securities measured at fair value whose value is expressed in foreign currency, using the exchange rate, the following accounting entries are made:

1) for the amount of positive exchange difference:

Dr	1140 61	Short-term financial assets measured at fair value
	1140 63	Premium on short-term financial assets measured at fair value
	1140 64	Positive adjustment of fair value of short-term financial assets measured at fair value
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2030 61	Long-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value
	2030 64	Positive adjustment of fair value of long-term financial assets measured at fair value
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities
Cr	6250 02	Income from revaluation of foreign currency;

and simultaneously:

Dr	7430 02	Expenses from revaluation of foreign currency
Cr	1140 62	Discount on short-term financial assets measured at fair value
	1140 65	Negative adjustment of fair value of short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
	2030 65	Negative adjustment of fair value of long-term financial assets measured at fair value;

2) for the amount of negative exchange difference:

Dr	7430 02	Expenses from revaluation of foreign currency
Cr	1140 61	Short-term financial assets measured at fair value
	1140 63	Premium on short-term financial assets measured at fair value
	1140 64	Positive adjustment of fair value of short-term financial assets measured at fair value
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2030 61	Long-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value
	2030 64	Positive adjustment of fair value of long-term financial assets measured at fair value
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities;

and simultaneously:

Dr	1140 62	Discount on short-term financial assets measured at fair value
	1140 65	Negative adjustment of fair value of short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
	2030 65	Negative adjustment of fair value of long-term financial assets measured at fair value
Cr	6250 02	Income from revaluation of foreign currency.";

Footnote. Paragraph 13 in the edition of Resolution of the Board of the National Bank of RK No. 171 dated 14.10.2019 (enters into force after ten calendar days from the day of its first official publication).

14. After accruing remuneration according to paragraph 10 of this Instruction, upon redemption by the issuer of accrued remuneration on acquired debt securities measured at fair value, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities.

15. Upon sale of acquired debt securities measured at fair value, after accruing remuneration, amortizing the premium or discount (allowance), and revaluing at fair value according to paragraphs 10 to 12 of this Instruction, the following accounting entries are made:

1) for the amount of unamortized premium on debt securities measured at fair value:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value;

2) for the amount of unamortized discount (allowance) on debt securities measured at fair value:

Dr	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

3) for the amount of accumulated positive revaluation at fair value of debt securities measured at fair value:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	1140 64	Positive adjustment of fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of fair value of long-term financial assets measured at fair value;

4) for the amount of accumulated negative revaluation at fair value of debt securities measured at fair value:

Dr	1140 65	Negative adjustment of fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of fair value of long-term financial assets measured at fair value
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

5) for the amount of the concluded transaction on sale of debt securities measured at fair value:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1140 61	Short-term financial assets measured at fair value
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2030 61	Long-term financial assets measured at fair value
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities;

6) in case the amount of the concluded transaction on sale of debt securities measured at fair value exceeds their book value, for the amount of the difference:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	6280 09	Income from purchase-sale of securities;

7) in case the book value of debt securities measured at fair value exceeds the amount of the concluded transaction on their sale, for the amount of the difference:

Dr	7470 10	Expenses from purchase-sale of securities
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

8) in case the settlement date differs from the valuation date (actual transfer of money for the acquired asset), on the valuation date, for the full cost of realized debt securities measured at fair value:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1280 10	Other receivables.

Footnote. Paragraph 15 in the edition of Resolution of the Board of the National Bank of RK No. 81 dated 17.09.2022 (enters into force from January 1, 2023).

16. Upon redemption by the issuer of debt securities measured at fair value, after accruing remuneration, amortizing the premium or discount (allowance), and revaluing at fair value according to paragraphs 10, 11, and 12 of this Instruction, for the amount of money received from the issuer, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1140 61	Short-term financial assets measured at fair value
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2030 61	Long-term financial assets measured at fair value
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities.

Paragraph 2. Accounting for acquired equity securities, measured at fair value

17. Upon purchase of equity securities classified into the category "measured at fair value", the following accounting entries are made:

1) upon transfer of advance to the broker:

Dr	1610 02	Settlements with brokers
Cr	1060 61	Cash (pension assets) in the current account (investment account);

2) for the amount of commission expenses:

Dr	7470 81	Commission expenses for stock exchange services
	7470 82	Commission expenses for brokerage and dealing activities
Cr	3380 81	Accrued commission expenses for stock exchange services
	3380 82	Accrued commission expenses for brokerage and dealing activities;

3) upon payment of previously accrued commission expenses:

Dr	3380 81	Accrued commission expenses for stock exchange services
	3380 82	Accrued commission expenses for brokerage and dealing activities
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1610 02	Settlements with brokers;

4) on the day of concluding the transaction for purchase of equity securities, for the amount of conditional obligations and conditional claims, the following accounting entry is made:

Dr	8300 01	Conditional claims for purchase of financial assets
Cr	8600 13	Conditional obligations for purchase of financial assets;

5) For the amount of positive revaluation of fair value of equity securities arising during the period between the transaction date and the settlement date, the following accounting entry is made:

Dr	1140 64	Positive adjustment of fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of fair value of long-term financial assets measured at fair value
Cr	6150 01	Income from changes in value of securities accounted for at fair value, changes in which are reflected in profit or loss;

6) For the amount of negative revaluation of fair value of equity securities arising during the period between the transaction date and the settlement date, the following accounting entry is made:

Dr	7470 03	Expenses from changes in value of securities accounted for at fair value, changes in which are reflected in profit or loss
Cr	1140 65	Negative adjustment of fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of fair value of long-term financial assets measured at fair value;

7) on the settlement date, for the net cost of the acquired equity security:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1610 02	Settlements with brokers;

8) in cases provided for by the Standard, when the transaction price does not represent the fair value of the asset based on information obtained from the investment portfolio manager or the National Bank of the Republic of Kazakhstan carrying out trust management, under an investment (trust) management agreement concluded between the Fund and the investment portfolio manager or the National Bank of the Republic of Kazakhstan, initial recognition of financial assets is carried out at fair value:

when the transaction amount for purchase of equity securities exceeds their fair value:

Dr	7470 10	Expenses from purchase-sale of securities
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

when the fair value of equity securities exceeds the transaction amount for their purchase:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	6280 09	Income from purchase-sale of securities;

9) On the settlement date, for the amount of conditional obligations and claims regarding the purchase of equity securities, the following accounting entry is made:

Dr	8600 13	Conditional obligations for purchase of financial assets
Cr	8300 01	Conditional claims for purchase of financial assets;

10) in case the settlement date differs from the valuation date (actual transfer of money for the acquired asset), on the valuation date, for the full cost of realized equity securities measured at fair value:

Dr	3540	Other short-term liabilities
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Footnote. Paragraph 17 as amended by Resolutions of the Board of the National Bank of RK No. 250 dated 23.09.2013 (enters into force after ten calendar days from the day of its first official publication); No. 131 dated 17.07.2015 (enters into force after ten calendar days from the day of its first official publication); No. 81 dated 17.09.2022 (enters into force from January 1, 2023); No. 87 dated 27.11.2023 (enters into force after ten calendar days from the day of its first official publication).

18. For equity securities measured at fair value, based on the decision of the general meeting of shareholders of the joint-stock company on dividend payment, on the record date for shareholders entitled to receive dividends, for the amount of dividends due, the following accounting entry is made:

Dr	1270 01	Accrued income in the form of remuneration on acquired securities
	2170 01	Accrued income in the form of remuneration on acquired securities
Cr	6110 01	Income related to receiving remuneration on acquired securities.

Footnote. Paragraph 18 as amended by Resolution of the Board of the National Bank of RK No. 87 dated 27.11.2023 (enters into force after ten calendar days from the day of its first official publication).

19. When revaluing acquired equity securities measured at fair value by fair value and by the exchange rate of equity securities measured at fair value, the cost of which is denominated in a foreign currency, the following accounting entries are made:

1) if the fair value of equity securities measured at fair value is higher than their book value, by the amount of the positive adjustment, and for equity securities measured at fair value, the cost of which is denominated in a foreign currency, by the amount of the exchange rate difference:

Dr	1140 64	Positive adjustment of the fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of the fair value of long-term financial assets measured at fair value
Cr	6150 01	Income from changes in the value of securities measured at fair value, changes in which are reflected in profit or loss;

2) if the book value of equity securities measured at fair value is higher than their fair value, by the amount of the negative adjustment, and for equity securities measured at fair value, the cost of which is denominated in a foreign currency, by the amount of the exchange rate difference:

Dr	7470 03	Expenses from changes in the value of securities measured at fair value, changes in which are reflected in profit or loss
Cr	1140 65	Negative adjustment of the fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of the fair value of long-term financial assets measured at fair value;

3) for the amount of the recorded positive or negative adjustment of the fair value of equity securities measured at fair value:

Dr	1140 65	Negative adjustment of the fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of the fair value of long-term financial assets measured at fair value
Cr	1140 64	Positive adjustment of the fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of the fair value of long-term financial assets measured at fair value.

Footnote. Paragraph 19 with amendments introduced by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

20. After the accrual of dividends in accordance with paragraph 18 of this Instruction, when the issuer pays dividends on equity securities measured at fair value, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1270 01	Accrued income in the form of remuneration on acquired securities
	2170 01	Accrued income in the form of remuneration on acquired securities.

21. When selling acquired equity securities measured at fair value, the following accounting entries are made:

1) for the amount of accumulated positive revaluation at fair value of equity securities measured at fair value:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	1140 64	Positive adjustment of the fair value of short-term financial assets measured at fair value
	2030 64	Positive adjustment of the fair value of long-term financial assets measured at fair value;

2) for the amount of accumulated negative revaluation at fair value of equity securities measured at fair value:

Dr	1140 65	Negative adjustment of the fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of the fair value of long-term financial assets measured at fair value
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

3) for the amount of the concluded transaction on the sale of equity securities measured at fair value:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

4) in case of exceeding the amount of the concluded transaction on the sale of equity securities measured at fair value, by their book value, by the amount of the difference:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	6280 09	Income from purchase-sale of securities;

5) in case of exceeding the book value of equity securities measured at fair value, by the amount of the concluded transaction on their sale, by the amount of the difference:

Dr	7470 10	Expenses from purchase-sale of securities
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

6) in case if the settlement date differs from the valuation date (actual transfer of money for the acquired asset) on the valuation date for the full cost of sold equity securities measured at fair value:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1280 10	Other accounts receivable.»;

Footnote. Paragraph 21 with amendments introduced by the Resolutions of the Board of the National Bank of the Republic of Kazakhstan dated 17.09.2022 No. 81 (enters into force from January 1, 2023).

Paragraph 2-1. Accounting for operations on the write-off of securities measured at fair value

Footnote. Chapter 4 supplemented with paragraph 2-1 in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

21-1. When writing off securities measured at fair value, the following accounting entries are made:

1) for the amount of unamortized premium on debt securities measured at fair value:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value;

2) for the amount of unamortized discount (discount) on debt securities measured at fair value:

Dr	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value;

3) for the amount of negative revaluation of securities measured at fair value:

Dr	1140 65	Negative adjustment of the fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of the fair value of long-term financial assets measured at fair value
Cr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
	1270 01	Accrued income in the form of remuneration on acquired securities
	2170 01	Accrued income in the form of remuneration on acquired securities.

21-2. When the issuer compensates the cost of securities measured at fair value, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	6150 01	Income from changes in the value of securities measured at fair value, changes in which are reflected in profit or loss.

21-3. When restoring the value of securities measured at fair value, the following accounting entry is made:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
	1270 01	Accrued income in the form of remuneration on acquired securities
	2170 01	Accrued income in the form of remuneration on acquired securities.
Cr	1140 65	Negative adjustment of the fair value of short-term financial assets measured at fair value
	2030 65	Negative adjustment of the fair value of long-term financial assets measured at fair value
	6150 01	Income from changes in the value of securities measured at fair value, changes in which are reflected in profit or loss.

Paragraph 3. Accounting for operations with securities,

measured at amortized cost

22. When purchasing securities classified in the category "measured at amortized cost," at the purchase cost, including transaction costs, the following accounting entries are made:

1) upon accrual or transfer of an advance to the broker:

Dr	1610 02	Settlements with brokers
Cr	1060 61	Cash (pension assets) in the current account (investment account);

2) on the day of concluding the transaction for the purchase of securities for the amount of conditional obligations and conditional claims, the following accounting entry is made:

Dr	8300 01	Conditional claims on the purchase of financial assets
Cr	8600 13	Conditional obligations on the purchase of financial assets;

3) on the settlement date for the net cost of the acquired debt security (for the amount not exceeding its nominal value):

Dr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1610 02	Settlements with brokers;

4) for the amount of the premium, as well as for the amount of transaction costs:

Dr	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1610 02	Settlements with brokers;

5) for the amount of the discount (discount):

Dr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost
Cr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost;

6) for the amount of remuneration accrued by the previous holder:

Dr	1270 04	Remuneration accrued by previous holders of securities
	2170 03	Remuneration accrued by previous holders of securities
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1610 02	Settlements with brokers;

7) in cases provided for by the Standard, when the transaction price does not represent the fair value of the asset based on information obtained from the investment portfolio manager or the National Bank of the Republic of Kazakhstan, which manages the portfolio in trust, in accordance with the investment (trust) management agreement concluded between the Fund and the investment portfolio manager or the National Bank of the Republic of Kazakhstan, the initial recognition of financial assets is carried out at fair value:

when the transaction amount for the purchase of debt securities exceeds their fair value:

Dr	7470 10	Expenses from purchase-sale of securities
Cr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost;

when the fair value of debt securities exceeds the transaction amount for their purchase:

Dr	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost
	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
Cr	6280 09	Income from purchase-sale of securities;

8) on the settlement date for the amount of conditional obligations and claims on the purchase of debt securities, the following accounting entry is made:

Dr	8600 13	Conditional obligations on the purchase of financial assets
Cr	8300 01	Conditional claims on the purchase of financial assets;

9) in case if the settlement date differs from the valuation date (date of actual transfer of money for the acquired asset) on the valuation date for the full cost of acquired securities measured at amortized cost:

Dr	3540	Other short-term liabilities
Cr	1060 61	Cash (pension assets) in the current account (investment account).»;

Footnote. Paragraph 22 with amendments introduced by the Resolutions of the Board of the National Bank of the Republic of Kazakhstan dated 23.09.2013 No. 250 (enters into force after the expiration of ten calendar days after the day of its first official publication); dated 17.07.2015 No. 131 (enters into force after the expiration of ten calendar days after the day of its first official publication); dated 17.09.2022 No. 81 (enters into force from January 1, 2023).

23. When accruing remuneration on acquired securities measured at amortized cost, the following accounting entry is made:

Dr	1270 01	Accrued income in the form of remuneration on acquired securities
	2170 01	Accrued income in the form of remuneration on acquired securities
Cr	6110 01	Income related to the receipt of remuneration on acquired securities.

24. When amortizing the premium or discount (discount) on acquired securities measured at amortized cost, the following accounting entries are made:

1) for the amount of premium amortization:

Dr	7310 02	Expenses related to the amortization of the premium on acquired securities
Cr	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost;

2) for the amount of discount (discount) amortization:

Dr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
Cr	6110 03	Income related to the amortization of the discount on acquired securities.

25. When revaluing securities measured at amortized cost, the cost of which is denominated in a foreign currency, by the exchange rate, the following accounting entries are made:

1) for the amount of the positive exchange rate difference:

Dr	1130 61	Short-term financial assets measured at amortized cost
	1130 63	Premium on short-term financial assets measured at amortized cost
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2020 61	Long-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities
Cr	6250 02	Income from foreign currency revaluation;

and simultaneously:

Dr	7430 02	Expenses from foreign currency revaluation
Cr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost;

2) for the amount of the negative exchange rate difference:

Dr	7430 02	Expenses from foreign currency revaluation
Cr	1130 61	Short-term financial assets measured at amortized cost
	1130 63	Premium on short-term financial assets measured at amortized cost
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2020 61	Long-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities;

and simultaneously:

Dr	1130 62	Discount on short-term financial assets measured at amortized cost
Cr	2020 62	Discount on long-term financial assets measured at amortized cost
	6250 02	Income from foreign currency revaluation.

Footnote. Paragraph 25 with amendments introduced by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

26. When the issuer repays the accrued remuneration on securities measured at amortized cost, after accruing remuneration in accordance with paragraph 23 of this Instruction, for the amount of the received remuneration, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities.

27. When selling securities measured at amortized cost, after accruing remuneration and amortizing the premium or discount (discount) in accordance with paragraphs 23 and 24 of this Instruction, the following accounting entries are made:

1) for the amount of unamortized premium:

Dr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost
Cr	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost;

2) for the amount of unamortized discount (discount):

Dr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
Cr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost;

3) for the amount of the concluded transaction on the sale of securities measured at amortized cost:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1130 61	Short-term financial assets measured at amortized cost
	1270 01	Accrued income in the form of remuneration on acquired securities
	1270 04	Remuneration accrued by previous holders of securities
	2020 61	Long-term financial assets measured at amortized cost
	2170 01	Accrued income in the form of remuneration on acquired securities
	2170 03	Remuneration accrued by previous holders of securities;

4) in case of exceeding the amount of the concluded transaction on the sale of securities measured at amortized cost, by their book value, by the amount of the difference:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	6280 09	Income from purchase-sale of securities;

5) in case of exceeding the book value of securities measured at amortized cost, by the amount of the concluded transaction on their sale, by the amount of the difference:

Dr	7470 10	Expenses from purchase-sale of securities
Cr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost;

6) in the event that the settlement date differs from the valuation date (the date of actual transfer of funds for the purchased asset) on the valuation date for the full cost of realized securities, valued at amortized cost:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1280 10	Other receivables.

Footnote. Paragraph 27 amended by the Resolution of the Board of the National Bank of the RK dated 17.09.2022 No. 81 (enters into force from January 1, 2023).

28. Upon redemption by the issuer of securities, valued at amortized cost, after accrual of remuneration and amortization of premium or discount, in accordance with paragraphs 23 and 24 of this Instruction, the following accounting entry is made for the amount of funds received from the issuer:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1130 61	Short-term financial assets, valued at amortized cost
	1270 01	Accrued income in the form of remuneration on purchased securities
	1270 04	Remuneration accrued by previous holders of securities
	2020 61	Long-term financial assets, valued at amortized cost
	2170 01	Accrued income in the form of remuneration on purchased securities
	2170 03	Remuneration accrued by previous holders of securities.

Paragraph 4. Accounting for impairment of securities, valued at amortized cost

29. Deleted by the Resolution of the Board of the National Bank of the RK dated 17.09.2022 No. 81 (enters into force from January 1, 2023).

30. When creating reserves (provisions) to cover losses from impairment of securities, valued at amortized cost, the following accounting entry is made:

Dr	7440 61	Expenses for formation of reserves (provisions) for securities, valued at amortized cost
Cr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost.

Footnote. Paragraph 30 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.12.2017 No. 251 (enters into force after the expiration of ten calendar days after the day of its first official publication), dated 15.03.2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).

31. When reducing (canceling) reserves (provisions) to cover losses from impairment of securities, valued at amortized cost, the following accounting entry is made:

Dr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost
Cr	6240 62	Income from restoration (cancellation) of reserves (provisions) created for securities, valued at amortized cost.

Footnote. Paragraph 31 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.12.2017 No. 251 (enters into force after the expiration of ten calendar days after the day of its first official publication), dated 15.03.2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).

32. When writing off impaired securities, valued at amortized cost, at the expense of formed reserves (provisions), the following accounting entry is made:

Dr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost
Cr	1130 61	Short-term financial assets, valued at amortized cost
	2020 61	Long-term financial assets, valued at amortized cost.

33. When the issuer reimburses the cost of securities, written off at the expense of reserves (provisions), valued at amortized cost, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	6240 40	Income from restoration (cancellation) of reserves (provisions) created for securities, valued at amortized cost.

Footnote. Paragraph 33 in the edition of the Resolution of the Board of the National Bank of the RK dated 15.03.2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).

33-1. When restoring the cost of securities, valued at amortized cost and written off earlier at the expense of formed reserves, the following accounting entries are made:

1. for short-term securities:

for the amount of claims:

Dr	1130 61	Short-term financial assets, valued at amortized cost
	1270 01	Accrued income in the form of remuneration on purchased securities
Cr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost,

and simultaneously for the amount of restoration of the cost of securities:

Dr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost
Cr	6240 62	Income from restoration (cancellation) of reserves (provisions) created for securities, valued at amortized cost;

1. for long-term securities:

for the amount of claims:

Dr	2020 61	Long-term financial assets, valued at amortized cost
	2170 01	Accrued income in the form of remuneration on purchased securities
Cr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost,

and simultaneously for the amount of restoration of the cost of securities:

Dr	1290 61	Reserves (provisions) to cover losses on financial assets, valued at amortized cost
Cr	6240 62	Income from restoration (cancellation) of reserves (provisions) created for securities, valued at amortized cost.

Footnote. The Instruction was supplemented with paragraph 33-1 in accordance with the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication), dated 15.03.2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).
34. Deleted by the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).
35. Deleted by the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).
36. Deleted by the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Chapter 5. Accounting for operations
on placement of pension assets in deposits

Footnote. Chapter 5 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication).

37. When placing pension assets in deposits in second-tier banks, the following accounting entries are made:

Dr	1150 02	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night
	1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 04	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 05	Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 06	Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (for up to one year)
	2040 01	Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 02	Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 03	Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
Cr	1060 61	Cash (pension assets) in the current account (investment account);

for the amount of transaction costs:

Dr	1150 12	Premium on placed short-term deposits
	2040 09	Premium on placed long-term deposits
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Footnote. Paragraph 37 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

38. When placing pension assets in deposits with the condition of receiving the due remuneration on the day of its placement, the following accounting entry is made:

Dr	1150 02	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night
	1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 04	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 05	Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 06	Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (for up to one year)
	2040 01	Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 02	Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 03	Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1150 11	Discount on placed short-term deposits
	2040 08	Discount on placed long-term deposits.

Footnote. Paragraph 38 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

39. When accruing remuneration on deposits, the following accounting entry is made:

Dr	1270 22	Accrued income in the form of remuneration on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 28	Other accrued income in the form of remuneration
	1270 38	Accrued income in the form of remuneration on short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 22	Accrued income in the form of remuneration on long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 28	Other accrued income in the form of remuneration
Cr	6110 29	Income related to receiving remuneration on demand deposits
	6110 30	Income related to receiving remuneration on term deposits
	6110 31	Income related to receiving remuneration on conditional deposits
	6110 34	Other income related to receiving remuneration
	6110 35	Income related to receiving remuneration on savings deposits.

Footnote. Paragraph 39 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

40. When amortizing costs on deposits, the following accounting entry is made:

Dr 7310 10 Expenses for amortization of premium on placed deposits

Cr 1150 12 Premium on placed short-term deposits

2040 09 Premium on placed long-term deposits.

41. When amortizing discount (discount) in the form of previously received remuneration on deposits, the following accounting entry is made:

Dr 1150 11 Discount on placed short-term deposits

2040 08 Discount on placed long-term deposits

Cr 6110 05 Income from amortization of discount on placed deposits.

42. When revaluing deposits, the cost of which is expressed in foreign currency, at the exchange rate, the following accounting entries are made:

1) for the amount of positive exchange rate difference:

Dr	1150 02	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night
	1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 04	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 05	Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 06	Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (for up to one year)
	1150 12	Premium on placed short-term deposits
	1270 22	Accrued income in the form of remuneration on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 28	Other accrued income in the form of remuneration
	1270 38	Accrued income in the form of remuneration on short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 01	Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 02	Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 03	Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 09	Premium on placed long-term deposits
	2170 22	Accrued income in the form of remuneration on long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 28	Other accrued income in the form of remuneration
Cr	6250 02	Income from revaluation of foreign currency;

and simultaneously, for the amount of negative exchange rate difference:

Dr	7430 02	Expenses from revaluation of foreign currency
Cr	1150 11	Discount on placed short-term deposits
	2040 08	Discount on placed long-term deposits;

2) for the amount of negative exchange rate difference:

Dr	7430 02	Expenses from revaluation of foreign currency
Cr	1150 02	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations, for one night
	1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 04	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 05	Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 06	Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (for up to one year)
	1150 12	Premium on placed short-term deposits
	1270 22	Accrued income in the form of remuneration on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 28	Other accrued income in the form of remuneration
	1270 38	Accrued income in the form of remuneration on short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 01	Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 02	Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 03	Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 09	Premium on placed long-term deposits
	2170 22	Accrued income in the form of remuneration on long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 28	Other accrued income in the form of remuneration;

and simultaneously:

Dr	1150 11	Discount on placed short-term deposits
	2040 08	Discount on placed long-term deposits
Cr	6250 02	Income from revaluation of foreign currency.

Footnote. Paragraph 42 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

43. Upon receipt of previously accrued remuneration on deposits in accordance with paragraph 39 of this Instruction, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1270 22	Accrued income in the form of remuneration on demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1270 28	Other accrued income in the form of remuneration
	1270 38	Accrued income in the form of remuneration on short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 22	Accrued income in the form of remuneration on long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 23	Accrued income in the form of remuneration on term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 24	Accrued income in the form of remuneration on conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2170 28	Other accrued income in the form of remuneration.

Footnote. Paragraph 43 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

44. Upon repayment of the principal amount of the deposit, the following accounting entry is made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1150 02	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations for one night
	1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 04	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 05	Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 06	Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (for up to one year)
	2040 01	Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 02	Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 03	Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations.";

Footnote. Paragraph 44 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

45. Excluded by the Resolution of the Board of the National Bank of the RK dated 17.09.2022 No. 81 (enters into force from January 1, 2023).

46. When creating reserves (provisions) to cover losses from impairment of placed deposits, the following accounting entry is made:

Dr	7440 02	Expenses for the formation of reserves (provisions) on placed deposits
Cr	1290 24	Reserves (provisions) on deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

Footnote. Paragraph 46 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

47. When reducing (canceling) formed reserves (provisions) to cover losses from impairment of placed deposits, the following accounting entry is made:

Dr	1290 24	Reserves (provisions) on deposits placed in second-tier banks and organizations carrying out certain types of banking operations
Cr	6240 02	Income from the recovery (cancellation) of reserves (provisions) created for deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

Footnote. Paragraph 47 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

48. When writing off placed deposits from formed reserves (provisions), the following accounting entry is made:

Dr	1290 24	Reserves (provisions) on deposits placed in second-tier banks and organizations carrying out certain types of banking operations
Cr	1150 02	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations for one night
	1150 03	Short-term demand deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 04	Short-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 05	Short-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	1150 06	Short-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations (for up to one year)
	2040 01	Long-term deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 02	Long-term conditional deposits placed in second-tier banks and organizations carrying out certain types of banking operations
	2040 03	Long-term savings deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

Footnote. Paragraph 48 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

49. When reimbursing the cost of deposits written off from reserves (provisions), the following accounting entry is made:

Dr 1060 61 Cash (pension assets) in the current account (investment account)

Cr 6240 02 Income from the recovery (cancellation) of reserves (provisions) created for deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

50. In the event of a decision by the Fund to reimburse losses from the impairment of deposits, the following accounting entry is made:

Dr 1280 10 Other receivables

Cr 6240 02 Income from the recovery (cancellation) of reserves (provisions) created for deposits placed in second-tier banks and organizations carrying out certain types of banking operations.

51. When the Fund reimburses losses from the impairment of deposits, the following accounting entry is made:

Dr 1060 61 Cash (pension assets) in the current account (investment account)

Cr 1280 10 Other receivables.

52. Excluded by the Resolution of the Board of the National Bank of the RK dated 17.09.2022 No. 81 (enters into force from January 1, 2023).

Chapter 6. Accounting for the reclassification of acquired debt and equity securities by categories

Footnote. Chapter 6 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication). Footnote. Chapter 6 in the edition of the Resolution of the Board of the National Bank of the RK dated 26.07.2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication).

53. When transferring debt securities from the categories "fair value" to the category "amortized cost" after accruing remuneration, amortization of premium or discount (margin), revaluation at fair value of the reclassified debt securities according to paragraphs 10, 11 and 12 of this Instruction, the following accounting entries are made:

1) at the nominal value of debt securities:

Dr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost
Cr	1140 61	Short-term financial assets measured at fair value
	2020 61	Long-term financial assets measured at amortized cost;

2) on the amount of accrued remuneration on debt securities:

Dr	1270 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at amortized cost)
	1270 04	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at amortized cost)
	2170 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at amortized cost)
	2170 03	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at amortized cost)
Cr	1270 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at fair value)
	1270 04	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at fair value)
	2170 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at fair value)
	2170 03	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at fair value);

3) on the amount of unamortized premium:

Dr	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost
Cr	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value;

4) on the amount of unamortized discount (margin):

Dr	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value
Cr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost;

5) on the amount of positive revaluation of debt securities at fair value:

Dr	1130 62	Discount on short-term financial assets measured at amortized cost
	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost
Cr	1140 64	Positive fair value adjustment of short-term financial assets measured at fair value
	2030 64	Positive fair value adjustment of long-term financial assets measured at fair value;

6) on the amount of negative revaluation of debt securities at fair value:

Dr	1140 65	Negative fair value adjustment of short-term financial assets measured at fair value
	2030 65	Negative fair value adjustment of long-term financial assets measured at fair value
Cr	1130 62	Discount on short-term financial assets measured at amortized cost
	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost.

54. When transferring debt securities from the category "measured at amortized cost" to the category "measured at fair value", after accruing remuneration, amortization of premium or discount (margin) on the reclassified securities according to paragraphs 23 and 24 of this Instruction, the following accounting entries are made:

1) at the nominal value of debt securities measured at amortized cost:

Dr	1140 61	Short-term financial assets measured at fair value
	2030 61	Long-term financial assets measured at fair value
Cr	1130 61	Short-term financial assets measured at amortized cost
	2020 61	Long-term financial assets measured at amortized cost;

2) on the amount of accrued remuneration on debt securities:

Dr	1270 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at fair value)
	1270 04	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at fair value)
	2170 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at fair value)
	2170 03	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at fair value)
Cr	1270 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at amortized cost)
	1270 04	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at amortized cost)
	2170 01	Accrued income in the form of remuneration on acquired securities (ledger account of financial assets measured at amortized cost)
	2170 03	Remuneration accrued by previous holders of securities (ledger account of financial assets measured at amortized cost);

3) on the amount of unamortized premium:

Dr	1140 63	Premium on short-term financial assets measured at fair value
	2030 63	Premium on long-term financial assets measured at fair value
Cr	1130 63	Premium on short-term financial assets measured at amortized cost
	2020 63	Premium on long-term financial assets measured at amortized cost;

4) on the amount of unamortized discount (margin):

Dr	1130 62	Discount on short-term financial assets measured at amortized cost
	2020 62	Discount on long-term financial assets measured at amortized cost
Cr	1140 62	Discount on short-term financial assets measured at fair value
	2030 62	Discount on long-term financial assets measured at fair value.

Chapter 7. Accounting for operations on placing pension assets in refined precious metals

Footnote. Chapter 7 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication).

55. When placing pension assets in refined precious metals, the following accounting entry is made for the acquisition cost including transaction costs:

Dr	1370	Refined precious metals
	1380	Refined precious metals in transit
	1150 09	Refined precious metals placed in metal accounts
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Footnote. Paragraph 55 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

56. In the event that acquired refined precious metals are revalued at fair value, the following accounting entries are made:

1) if the fair value of refined precious metals is higher than their book value:

Dr	1370	Refined precious metals
	1380	Refined precious metals in transit
	1150 09	Refined precious metals placed in metal accounts
Cr	6280 05	Income from the revaluation of refined precious metals;

2) if the book value of refined precious metals is higher than their fair value:

Dr	7470 07	Expenses from the revaluation of refined precious metals
Cr	1370	Refined precious metals
	1380	Refined precious metals in transit
	1150 09	Refined precious metals placed in metal accounts.

Footnote. Paragraph 56 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

57. When selling refined precious metals after revaluation at fair value according to paragraph 56 of the Instruction, the following accounting entries are made:

1) on the amount of write-off of refined precious metals:

Dr	7470 01	Book value of refined precious metals
Cr	1370	Refined precious metals
	1380	Refined precious metals in transit
	1150 09	Refined precious metals placed in metal accounts;

2) on the amount of the concluded transaction for the sale of refined precious metals:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	6280 01	Income from the sale of refined precious metals.

Footnote. Paragraph 57 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Chapter 8. Accounting for repo and reverse repo operations

Footnote. Chapter 8 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication); Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

58. When carrying out a reverse repo operation with pension assets (providing money in exchange for securities), the following accounting entries are made for the transaction amount:

Dr 1150 01 Reverse repo operations with securities

Cr 1060 61 Cash (pension assets) in the current account (investment account);

and simultaneously:

Receipt 8970 "Depo" account (with the opening of a separate sub-account for accounting for the nominal value of securities acquired at the expense of the Fund's pension assets, received through a reverse repo operation).

58-1. When carrying out a repo operation (sale of securities), the following accounting entry is made for the transaction amount:

Dr	1060 61	Cash in current accounts
Cr	3050 03	Repo operations with securities.

Footnote. Chapter 8 supplemented by paragraph 58-1 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication)

59. When accruing remuneration during a reverse repo operation, the following accounting entry is made:

Dr 1270 02 Accrued income in the form of remuneration on reverse repo operations with securities

Cr 6110 04 Income related to receiving remuneration on reverse repo operations with securities.

59-1. When accruing expenses in the form of remuneration on a repo operation, the following accounting entry is made:

Dr	7310 04	Expenses related to the payment of remuneration on repo operations with securities
Cr	3380 02	Accrued expenses in the form of remuneration on repo operations with securities.

Footnote. Chapter 8 supplemented by paragraph 59-1 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication)

60. When transferring previously received securities through a reverse repo operation for the amount of accrued remuneration on the reverse repo transaction and the closing amount of the reverse repo transaction (the closing amount established at the time of concluding the transaction), the following accounting entries are made:

Dr 1060 61 Cash (pension assets) in the current account (investment account)

Cr 1270 02 Accrued income in the form of remuneration on reverse repo operations with securities

1150 01 Reverse repo operations with securities;

and simultaneously:

Expense 8970 "Depo" account (with the opening of a separate sub-account for accounting for the nominal value of securities acquired at the expense of the Fund's pension assets, received through a reverse repo operation).

60-1. When receiving previously transferred securities through a repo operation for the amount of accrued expenses in the form of remuneration on the repo transaction and the closing amount of the repo transaction (the closing amount established at the time of concluding the transaction), the following accounting entry is made:

Dr	3050 03	Repo operations with securities
	3380 02	Accrued expenses in the form of remuneration on repo operations with securities
Cr	1060 61	Cash in current accounts.";

Footnote. Chapter 8 supplemented by paragraph 60-1 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication)

Chapter 9. Accounting
for operations with derivative instruments

Footnote. Chapter 9 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Paragraph 1. Accounting for forward contract operations

61. When carrying out an operation with a derivative instrument, where the buyer (seller) undertakes an obligation to buy (sell) the underlying asset under agreed conditions in the future after a certain period (hereinafter - forward), the following accounting entry is made:

Dr 8300 01 Conditional claims to purchase financial assets

Cr 8600 01 Conditional obligations to sell financial assets.

62. When revaluing the forward at fair value with the frequency established by the Fund's accounting policy, the following accounting entries are made:

1) on the amount of positive change in the fair value of the forward:

Dr	1280 03	Claims on forward transactions
	2180 02	Claims on forward transactions
Cr	6290 10	Income on forward transactions;

2) on the amount of negative change in the fair value of the forward:

Dr	7480 10	Expenses on forward transactions
Cr	3390 02	Obligations on forward transactions
	4170 02	Obligations on forward transactions;

3) on the amount of positive and (or) negative fair value adjustment of the forward:

Dr 3390 02 Obligations on forward transactions

4170 02 Obligations on forward transactions

Cr 1280 03 Claims on forward transactions

2180 02 Claims on forward transactions.

Note. Paragraph 62 amended by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

63. On the date of closing an open position and/or execution of a forward, the following accounting entries are made:

1) when transferring funds by the Fund in case of net settlement:

Dr 3390 02 Obligations on forward deal
4170 02 Obligations on forward deal
Cr 1060 61 Cash (pension assets) in the current account (investment account);

2) when receiving funds from the counterparty in case of net settlement:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 1280 03 Claims on forward deal 2180 02 Claims on forward deal;

3) when acquiring the underlying asset in accordance with the forward terms for the cost of the acquired asset:

Dr	1120	Short-term financial assets measured at fair value with changes recognized in profit or loss
	1130 61	Short-term financial assets measured at amortized cost
	1140 61	Short-term financial assets measured at fair value
	1150	Other short-term financial investments
	2020 61	Long-term financial assets measured at amortized cost
	2030 61	Long-term financial assets measured at fair value
	2040	Other long-term financial investments
	3390 02	Obligations on forward deal
	4170 02	Obligations on forward deal
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1280 03	Claims on forward deal
	2180 02	Claims on forward deal;

4) when selling the underlying asset in accordance with the forward terms for the cost of the sold asset:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
	3390 02	Obligations on forward deal
	4170 02	Obligations on forward deal
Cr	1120	Short-term financial assets measured at fair value with changes recognized in profit or loss
	1130 61	Short-term financial assets measured at amortized cost
	1140 61	Short-term financial assets measured at fair value
	1150	Other short-term financial investments
	1280 03	Claims on forward deal
	2020 61	Long-term financial assets measured at amortized cost
	2030 61	Long-term financial assets measured at fair value
	2040	Other long-term financial investments
	2180 02	Claims on forward deal;

5) repealed by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication);

6) repealed by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication);

7) for the amount of conditional claims and conditional obligations in accordance with the forward terms:

Dr 8600 01 Conditional obligations on sale of financial assets Cr 8300 01 Conditional claims on purchase of financial assets.

Note. Paragraph 63 amended by the Resolutions of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication); December 22, 2017 No. 251 (enters into force after ten calendar days from the day of its first official publication); October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

Paragraph 2. Accounting for futures transactions

64. When carrying out a transaction with a derivative instrument, where the buyer (seller) undertakes an obligation to buy (sell) the underlying asset after a certain period in accordance with standard conditions established on an organized market (hereinafter - futures), the following accounting entries are made:

1) for the amount of conditional claims and obligations on the purchase of futures:

Dr 8300 02 Conditional claims on purchase of financial futures Cr 8600 02 Conditional obligations on purchase of financial futures;

2) for the amount of conditional claims and obligations on the sale of futures:

Dr 8300 03 Conditional claims on sale of financial futures Cr 8600 03 Conditional obligations on sale of financial futures.

65. When paying margin on futures, the following accounting entry is made:

Dr 1610 02 Settlements with brokers
Cr 1060 61 Cash (pension assets) in the current account (investment account).

66. When paying a commission to the broker for concluding a futures contract, the following accounting entry is made:

Dr 7470 82 Commission expenses for brokerage and dealing services Cr 1060 61 Cash (pension assets) in the current account (investment account).

67. When revaluing futures at fair value with the frequency established by the Fund's accounting policy, the following accounting entries are made:

1) for the amount of positive change in the fair value of futures:

Dr	1280 02	Claims on futures deal
	2180 01	Claims on futures deal
Cr	6290 09	Income on futures deals;

2) for the amount of negative change in the fair value of futures:

Dr	7480 09	Expenses on futures deals
	3390 01	Obligations on futures deal
Cr	4170 01	Obligations on futures deal;

3) for the amount of outstanding positive and/or negative adjustment of the fair value of futures:

Dr 3390 01 Obligations on futures deal
4170 01 Obligations on futures deal
Cr 1280 02 Claims on futures deal
2180 01 Claims on futures deal.

Note. Paragraph 67 amended by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

68. When paying additional margin on futures or writing off the allowable amount of outstanding margin on futures, the following accounting entries are made:

1) for the amount of margin additionally paid by the Fund:

Dr 1610 02 Settlements with brokers
Cr 1060 61 Cash (pension assets) in the current account (investment account);

2) when writing off allowable outstanding margin:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 1610 02 Settlements with brokers.

69. On the date of closing an open futures position, in case of settlement of the futures value (closing an open position) by money on a net basis, the following accounting entries are made:

1) when the Fund settles futures on a net basis:

Dr 3390 01 Obligations on futures deal
4170 01 Obligations on futures deal
Cr 1610 02 Settlements with brokers;

2) when the counterparty settles futures on a net basis:

Dr 1610 02 Settlements with brokers
Cr 1280 02 Claims on futures deal
2180 01 Claims on futures deal;

3) repealed by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication);

4) repealed by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication);

5) for the amount of conditional claims and obligations on the purchase of futures:

Dr 8600 02 Conditional obligations on purchase of financial futures Cr 8300 02 Conditional claims on purchase of financial futures;

6) for the amount of conditional claims and obligations on the sale of futures:

Dr 8600 03 Conditional obligations on sale of financial futures Cr 8300 03 Conditional claims on sale of financial futures.

Note. Paragraph 69 amended by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication).

Paragraph 3. Accounting for options transactions

70. When carrying out a transaction with a derivative instrument, according to which one party purchases from the other party the right to buy or sell the underlying asset at an agreed price on agreed terms in the future, (hereinafter - purchased "call" or "put" option), the following accounting entries are made:

1) for the amount of conditional claims:

Dr 8300 06 Purchased options deal - "call"
8300 07 Purchased options deal - "put"
Cr 8600 06 Purchased options deal "call" - counter account 8600 07 Purchased options deal "put" - counter account;

2) for the amount of premium paid on the purchased "call" or "put" option:

Dr 1280 04 Claims on options deal
2180 03 Claims on options deal
Cr 1060 61 Cash (pension assets) in the current account (investment account).

71. When revaluing the purchased "call" or "put" option at fair value with the frequency established by the Fund's accounting policy, as well as on the date of closing the option, the following accounting entries are made:

1) for the amount of positive change in the fair value of the purchased option:

Dr	1280 04	Claims on options deal
	2180 03	Claims on options deal
Cr	6290 11	Income on options deals;

2) for the amount of negative change in the fair value of the purchased option:

Dr	7480 11	Expenses on options deals
	1280 04	Claims on options deal
Cr	2180 03	Claims on options deal.

Note. Paragraph 71 amended by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

72. On the date of closing an open position or exercising the purchased "call" or "put" option, the following accounting entries are made:

1) for the amount of conditional claims and conditional obligations under the terms of the purchased "call" or "put" option:

Dr 8600 06 Purchased options deal "call" - counter account 8600 07 Purchased options deal "put" - counter account Cr 8300 06 Purchased options deal "call" 8300 07 Purchased options deal "put";

2) when the counterparty settles the cost of the purchased "call" or "put" option (closing an open position) by money:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 1280 04 Claims on options deal 2180 03 Claims on options deal;

3) when acquiring the underlying asset in accordance with the terms of the purchased "call" option for the cost of the acquired assets:

Dr	1120	Short-term financial assets measured at fair value with changes recognized in profit or loss
	1130 61	Short-term financial assets measured at amortized cost
	1140 61	Short-term financial assets measured at fair value
	1150	Other short-term financial investments
	2020 61	Long-term financial assets measured at amortized cost
	2030 61	Long-term financial assets measured at fair value
	2040	Other long-term financial investments
Cr	1060 61	Cash (pension assets) in the current account (investment account)
	1280 04	Claims on options deal
	2180 03	Claims on options deal;

4) when selling the underlying asset in accordance with the terms of the purchased "put" option for the cost of the sold assets:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1120	Short-term financial assets measured at fair value with changes recognized in profit or loss
	1130 61	Short-term financial assets measured at amortized cost
	1140 61	Short-term financial assets measured at fair value
	1150	Other short-term financial investments
	1280 04	Claims on options deal
	2020 61	Long-term financial assets measured at amortized cost
	2030 61	Long-term financial assets measured at fair value
	2040	Other long-term financial investments
	4170 03	Obligations on options deal.

5) repealed by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication);

6) repealed by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication).

Note. Paragraph 72 amended by the Resolutions of the Board of the National Bank of the Republic of Kazakhstan dated July 17, 2015 No. 131 (enters into force after ten calendar days from the day of its first official publication); December 22, 2017 No. 251 (enters into force after ten calendar days from the day of its first official publication); October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

73. When carrying out a transaction with a derivative instrument, according to which one party sells to the other party the right to buy or sell the underlying asset at an agreed price on agreed terms in the future (hereinafter - sold "call" or "put" option), the following accounting entries are made:

Dr 8300 08 Sold options deal "put" - counter account 8300 09 Sold options deal "call" - counter account Cr 8600 08 Sold options deal "put" 8600 09 Sold options deal "call";

for the amount of premium received:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 3390 03 Obligations on options deal 4170 03 Obligations on options deal.

74. When revaluing the sold "call" or "put" option at fair value with the frequency established by the Fund's accounting policy, as well as on the date of closing the option, the following accounting entries are made:

1) for the amount of positive change in the fair value of the sold "call" or "put" option:

Dr	3390 03	Obligations on options deal
Cr	4170 03	Obligations on options deal
	6290 11	Income on options deals;

2) for the amount of negative change in the fair value of the sold "call" or "put" option:

Dr	7480 11	Expenses on options deals
Cr	3390 03	Obligations on options deal
	4170 03	Obligations on options deal.

Note. Paragraph 74 in the edition of the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

75. On the date of closing an open position or exercising the sold "call" or "put" option, the following accounting entries are made:

1) for the amount of conditional claims and conditional obligations in accordance with the terms of the sold "call" or "put" option:

Dr	8600 08	Sold options deal "put"
	8600 09	Sold options deal "call"
Cr	8300 08	Sold options deal "put" - counter account
	8300 09	Sold options deal "call" - counter account;

2) when the counterparty settles the cost of the sold "call" or "put" option (closing an open position):

Dr	3390 03	Obligations on options deal
	4170 03	Obligations on options deal
Cr	1060 61	Cash (pension assets) in the current account (investment account);

3) when selling the underlying asset in accordance with the terms of the sold "put" option for the cost of the sold assets:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
	3390 03	Obligations on options deal
	4170 03	Obligations on options deal
Cr	1120	Short-term financial assets measured at fair value with changes recognized in profit or loss
	1130 61	Short-term financial assets measured at amortized cost
	1140 61	Short-term financial assets measured at fair value
	1150	Other short-term financial investments
	2020 61	Long-term financial assets measured at amortized cost
	2030 61	Long-term financial assets measured at fair value
	2040	Other long-term financial investments;

4) when acquiring the underlying asset in accordance with the terms of the sold "call" option for the cost of the acquired assets:

Dr	1120	Short-term financial assets measured at fair value with changes recognized in profit or loss
	1130 61	Short-term financial assets measured at amortized cost
	1140 61	Short-term financial assets measured at fair value
	1150	Other short-term financial investments
	2020 61	Long-term financial assets measured at amortized cost
	2030 61	Long-term financial assets measured at fair value
	2040	Other long-term financial investments
	3390 03	Obligations on options deal
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Note. Paragraph 75 in the edition of the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

Paragraph 4. Accounting for currency swap transactions

76. When carrying out a transaction with a derivative instrument, according to which an agreement is concluded to exchange one currency for another currency over a predetermined period (hereinafter - currency swap), the following accounting entry is made:

Dr 1280 06 Claims on swap deal
2180 04 Claims on swap deal
Cr 3390 05 Obligations on swap deal
4170 04 Obligations on swap deal;

and simultaneously, off-balance sheet accounting reflects the amount of conditional claims and obligations on the reverse exchange of currencies:

Dr 8300 12 Conditional claims on other derivative financial instruments Cr 8600 12 Conditional obligations on other derivative financial instruments.

77. On the valuation date of the currency swap, the following accounting entries are made:

1) for the amount of currency received:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 1280 06 Claims on swap deal 2180 04 Claims on swap deal;

2) for the amount of currency transferred:

Dr 3390 05 Obligations on swap deal
4170 04 Obligations on swap deal
Cr 1060 61 Cash (pension assets) in the current account (investment account).

78. When revaluing the currency swap at fair value with the frequency established by the Fund's accounting policy, the following accounting entries are made:

1) for the amount of positive change in fair value:

Dr	1280 06	Claims on swap deal
	2180 04	Claims on swap deal
Cr	6290 13	Income on swap deals;

2) for the amount of negative change in fair value:

Dr	7480 13	Expenses on swap deals
Cr	3390 05	Obligations on swap deal
	4170 04	Obligations on swap deal;

simultaneously, for the amount of outstanding positive and/or negative revaluation, the following accounting entry is made:

Dr	3390 05	Obligations on swap deal
	4170 04	Obligations on swap deal
Cr	1280 06	Claims on swap deal
	2180 04	Claims on swap deal.

Note. Paragraph 78 in the edition of the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated October 14, 2019 No. 171 (enters into force after ten calendar days from the day of its first official publication).

79. On the valuation date upon closing the currency swap, the following accounting entries are made:

1) for the amount of conditional claims and obligations:

Dr 8600 12 Conditional obligations on other derivative financial instruments Cr 8300 12 Conditional claims on other derivative financial instruments;

2) for the amount of exchanged currency:

with positive value of the currency swap:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 1060 61 Cash (pension assets) in the current account (investment account) 1280 06 Claims on swap deal 2180 04 Claims on swap deal;

with negative value of the currency swap:

Dr 1060 61 Cash (pension assets) in the current account (investment account) 3390 05 Obligations on swap deal 4170 04 Obligations on swap deal Cr 1060 61 Cash (pension assets) in the current account (investment account).

Paragraph 5. Accounting for interest rate swap transactions

80. When carrying out a transaction with a derivative instrument, according to which parties exchange regular interest payments using fixed and floating interest rates, (hereinafter - interest rate swap), the following accounting entries are made:

1) in the case where the terms of the interest rate swap provide for payments at a floating interest rate, but amounts are received at a fixed interest rate:

Dr 8300 04 Fixed interest rate swap
Cr 8300 05 Floating interest rate swap;

2) in the case where the terms of the interest rate swap provide for payments at a fixed interest rate, but amounts are received at a floating interest rate:

Dr 8300 05 Floating interest rate swap
Cr 8300 04 Fixed interest rate swap.

81. When accruing income and expenses in the form of remuneration on the interest rate swap, the following accounting entries are made:

1) for the amount of income:

Dr 1280 06 Claims on swap deal
2180 04 Claims on swap deal
Cr 6110 34 Other income related to receiving remuneration;

2) for the amount of expenses:

Dr 7310 25 Other expenses related to paying remuneration Cr 3390 05 Obligations on swap deal 4170 04 Obligations on swap deal.

82. When revaluing the interest rate swap at fair value with the frequency established by the Fund's accounting policy, the following accounting entries are made:

1) for the amount of positive difference:

Dr	1280 06	Claims on swap deal
	2180 04	Claims on swap deal
Cr	6290 13	Income on swap deals;

2) for the amount of negative difference:

Dr	7480 13	Expenses on swap transactions
Cr	3390 05	Liabilities on swap transaction
	4170 04	Liabilities on swap transaction;

simultaneously, for the amount of positive and/or negative revaluation, the following accounting entry is made:

Dr	3390 05	Liabilities on swap transaction
	4170 04	Liabilities on swap transaction
Cr	1280 06	Claims on swap transaction
	2180 04	Claims on swap transaction.

Footnote. Paragraph 82 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication).

83. On the date of periodic payments after the revaluation of the interest rate swap at fair value according to paragraph 82 of this Instruction, the following accounting entries are made:

1) on the amount of received remuneration:

Dr 1060 61 Cash (pension assets) in the current account (investment account) Cr 1280 06 Claims on swap transaction 2180 04 Claims on swap transaction;

2) on the amount of paid remuneration:

Dr 3390 05 Liabilities on swap transaction
4170 04 Liabilities on swap transaction
Cr 1060 61 Cash (pension assets) in the current account (investment account).

84. On the date of closing an open position or closing an interest rate swap, the following accounting entries are made:

1) on the amount of conditional claims and liabilities on the purchase of an interest rate swap:

Dr 8300 04 Fixed interest rate swap
Cr 8300 05 Floating interest rate swap;

2) on the amount of conditional claims and liabilities on the sale of an interest rate swap:

Dr 8300 05 Floating interest rate swap
Cr 8300 04 Fixed interest rate swap.

Chapter 10. Accounting for operations on the formation of investment income and commission remuneration

Footnote. Chapter 10 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication).

85. When forming investment income, the following accounting entries are made:

1) on the amount of existing income:

Dr	6110 01	Income related to receiving remuneration on purchased securities
	6110 03	Income related to amortization of discount on purchased securities
	6110 04	Income related to receiving remuneration on "reverse REPO" transactions with securities
	6110 05	Income from amortization of discount on placed deposits
	6110 29	Income related to receiving remuneration on demand deposits
	6110 30	Income related to receiving remuneration on term deposits
	6110 31	Income related to receiving remuneration on conditional deposits
	6110 34	Other income related to receiving remuneration
	6110 35	Income related to receiving remuneration on savings deposits
	6110 63	Reimbursement of negative commission remuneration
	6110 64	Income from assets under external management
	6150 01	Income from changes in the value of securities accounted for at fair value, changes in which are reflected in profit or loss
	6240 02	Income from recovery (cancellation) of reserves (provisions) created for deposits placed in second-level banks and organizations carrying out certain types of banking operations
	6240 62	Income from recovery (cancellation) of reserves (provisions) created for securities evaluated at amortized cost
	6250 02	Income from foreign currency revaluation
	6280 01	Income from the sale of refined precious metals
	6280 05	Income from the revaluation of refined precious metals
	6280 07	Other income
	6280 09	Income from the purchase-sale of securities
	6290 09	Income from futures transactions
	6290 10	Income from forward transactions
	6290 11	Income from option transactions
	6290 13	Income from swap transactions
Cr	5610	Undistributed profit (uncovered loss) of the reporting year;

2) on the amount of existing expenses:

Dr	5610	Undistributed profit (uncovered loss) of the reporting year
Cr	7310 02	Expenses related to amortization of premium on purchased securities
	7310 04	Expenses related to the payment of remuneration on REPO transactions with securities
	7310 10	Expenses on amortization of premium on placed deposits
	7310 25	Other expenses related to the payment of remuneration
	7430 02	Expenses from foreign currency revaluation
	7440 02	Expenses on the formation of reserves (provisions) for placed deposits
	7440 61	Expenses on the formation of reserves (provisions) for securities evaluated at amortized cost
	7440 62	Expenses on assets under external management
	7470 01	Book value of refined precious metals
	7470 03	Expenses from changes in the value of securities accounted for at fair value, changes in which are reflected in profit or loss
	7470 07	Expenses from the revaluation of refined precious metals
	7470 10	Expenses from the purchase-sale of securities
	7470 27	Other commission expenses
	7470 81	Commission expenses for stock exchange services
	7470 82	Commission expenses for brokerage and dealing activities
	7480 09	Expenses on futures transactions
	7480 10	Expenses on forward transactions
	7480 11	Expenses on option transactions
	7480 13	Expenses on swap transactions.";

Footnote. Paragraph 85 in the edition of the Resolution of the Board of the National Bank of the RK dated 14.10.2019 No. 171 (enters into force after the expiration of ten calendar days after the day of its first official publication), dated 15.03.2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication), dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication); in the edition of the Resolution of the Board of the National Bank of the RK dated 24.12.2025 No. 105 (enters into force from January 1, 2026).

86. When crediting net investment income to individual pension accounts of depositors (recipients), the following accounting entries are made:

1) in the presence of a credit balance on account 5610 "Undistributed profit (uncovered loss) of the reporting year":

Dr	5610	Undistributed profit (uncovered loss) of the reporting year
Cr	3390 65	Pension accumulations in individual pension accounts;

2) in the presence of a debit balance on account 5610 "Undistributed profit (uncovered loss) of the reporting year":

Dr	3390 65	Pension accumulations in individual pension accounts
Cr	5610	Undistributed profit (uncovered loss) of the reporting year.

Footnote. Paragraph 86 in the edition of the Resolution of the Board of the National Bank of the RK dated 26.09.2016 No. 229 (enters into force after the expiration of ten calendar days after the day of its first official publication).

86-1. When crediting net investment income to conditional pension accounts and reserve fund accounts, the following accounting entries are made:

1) in the presence of a credit balance on account 5610 "Undistributed profit (uncovered loss) of the reporting period":

Dr	5610	Undistributed profit (uncovered loss) of the reporting period
Cr	3390 70	Funds accounted for in conditional pension accounts formed from mandatory pension contributions of the employer
	3390 68	Reserve fund for conditional pension obligations
	3390 72	Reserve funds of the unified accumulative pension fund, for mandatory pension contributions of the employer;

2) in the presence of a debit balance on account 5610 "Undistributed profit (uncovered loss) of the reporting period":

Dr	3390 70	Funds accounted for in conditional pension accounts formed from mandatory pension contributions of the employer
	3390 68	Reserve fund for conditional pension obligations
	3390 72	Reserve funds of the unified accumulative pension fund, for mandatory pension contributions of the employer
Cr	5610	Undistributed profit (uncovered loss) of the reporting period.

Footnote. The Instruction was supplemented with paragraph 86-1 in accordance with the Resolution of the Board of the National Bank of the RK dated 19.12.2022 No. 122 (enters into force from January 1, 2023).

87. On the amount of the Fund's commission remuneration from pension assets, the following accounting entry is made:

Dr	7470 27	Other commission expenses
Cr	3380 62	Accrued commission remuneration from pension assets.

When transferring the amount of commission remuneration from pension assets of the Fund to the Fund's current account, the following accounting entry is made:

Dr	3380 62	Accrued commission remuneration from pension assets
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Footnote. Paragraph 87 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

88. When accruing commission remuneration of the pension asset manager from investment income, the following accounting entries are made:

Dr	7470 27	Other commission expenses
Cr	3380 61	Accrued commission remuneration from investment income.

Footnote. Paragraph 88 in the edition of the Resolution of the Board of the National Bank of the RK dated 26.07.2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication), dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

88-1. In case of negative investment income of the pension asset manager, on the amount of negative commission remuneration, the following accounting entry is made:

Dr	1280 10	Other accounts receivable
Cr	6110 63	Reimbursement of negative commission remuneration.

Footnote. The Instruction was supplemented with paragraph 88-1 in accordance with the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

88-2. At the end of the reporting month, on the amount within the previously accrued negative commission remuneration from negative investment income, the following accounting entry is made:

Dr	3380 61	Accrued commission remuneration from investment income
Cr	1280 10	Other accounts receivable;

when transferring the amount of commission remuneration from investment income, the following accounting entry is made:

Dr	3380 61	Accrued commission remuneration from investment income
Cr	1060 61	Cash (pension assets) in the current account (investment account).

Footnote. The Instruction was supplemented with paragraph 88-2 in accordance with the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

88-3. When the manager reimburses the Fund the accounts receivable on the accrued negative commission remuneration in case of termination of the trust management agreement for pension assets, the following accounting entries are made:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	1280 10	Other accounts receivable.

Footnote. The Instruction was supplemented with paragraph 88-3 in accordance with the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

89. Deleted by the Resolution of the Board of the National Bank of the RK dated 26.07.2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Chapter 11. Accounting for pension assets transferred to a foreign organization carrying out investment portfolio management activities in accordance with the legislation of a foreign state meeting the requirements of the National Bank of the Republic of Kazakhstan

Footnote. Chapter 11 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 28.11.2016 No. 279 (enters into force after the expiration of ten calendar days after the day of its first official publication). Footnote. Chapter 11 in the edition of the Resolution of the Board of the National Bank of the RK dated 26.07.2013 No. 194 (enters into force after the expiration of ten calendar days after the day of its first official publication).

90. When transferring pension assets to a foreign organization carrying out investment portfolio management activities in accordance with the legislation of a foreign state meeting the requirements of the National Bank of the Republic of Kazakhstan:

Dr	2020 64	Assets under external management
Cr		Relevant asset accounts.

91. When revaluing pension assets transferred to a foreign organization carrying out investment portfolio management activities in accordance with the legislation of a foreign state meeting the requirements of the National Bank of the Republic of Kazakhstan:

1) on the amount of positive revaluation:

Dr	2020 64	Assets under external management
Cr	6110 64	Income from assets under external management;

2) on the amount of negative revaluation:

Dr	7440 62	Expenses on assets under external management
Cr	2020 64	Assets under external management.

92. When returning (withdrawing) pension assets transferred to a foreign organization carrying out investment portfolio management activities in accordance with the legislation of a foreign state meeting the requirements of the National Bank of the Republic of Kazakhstan:

Dr		Relevant asset accounts
Cr	2020 64	Assets under external management.

Chapter 12. Accounting for operations on the reimbursement of the negative difference between the nominal yield indicator and the minimum yield value

Footnote. Chapter 12 heading in the edition of the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

Footnote. Chapter 12 in the edition of the Resolution of the Board of the National Bank of the RK dated 22.11.2021 No. 100 (enters into force after the expiration of ten calendar days after the day of its first official publication).

93. When accruing the claim for reimbursement of the negative difference between the nominal yield of pension assets obtained by the investment portfolio manager and the minimum yield value of pension assets, the following accounting entries are made:

1) on the amount of the accrued claim for reimbursement of the negative difference between the nominal yield of pension assets obtained by the investment portfolio manager and the minimum yield value of pension assets:

Dr	1280 63	Claims for reimbursement of the negative difference between the nominal yield indicator and the minimum yield value
Cr	6240 63	Income from reimbursement of the negative difference between the nominal yield indicator and the minimum yield value;

2) upon receiving reimbursement:

Dr	1060 61	Money (pension assets) in the current account (investment account)
Cr	1280 63	Claims for reimbursement of the negative difference between the nominal yield indicator and the minimum yield value.".

Footnote. The Instruction was supplemented with Chapter 12 in accordance with the Resolution of the Board of the National Bank of the RK dated 15.03.2021 No. 28 (enters into force after the expiration of ten calendar days after the day of its first official publication).

93-1. When distributing income from reimbursement of the negative difference between the nominal yield indicator and the minimum yield value, the following accounting entry is made:

Dr	6240 63	Income from reimbursement of the negative difference between the nominal yield indicator and the minimum yield value
Cr	5610	Undistributed profit (uncovered loss) of the reporting year.".

Footnote. The Instruction was supplemented with paragraph 93-1 in the edition of the Resolution of the Board of the National Bank of the RK dated 24.12.2025 No. 105 (enters into force from January 1, 2026)

94. When receiving target assets intended to ensure target accumulations, as well as other purposes, in accordance with the legislation of the Republic of Kazakhstan, received into the Fund's current account, the following accounting entry is made:

Dr	1060 63	Target assets
Cr	3390 73	Target accumulations;

when making payments of target accumulations, the following accounting entry is made:

Dr	3390 73	Target accumulations
Cr	3390 74	Liability for payment of target accumulations;

upon actual payment:

Dr	3390 74	Liability for payment of target accumulations
Cr	1060 63	Target assets.

Footnote. The Instruction was supplemented with paragraph 94 in accordance with the Resolution of the Board of the National Bank of the RK dated 27.11.2023 No. 87 (enters into force after the expiration of ten calendar days after the day of its first official publication).

95. When transferring unclaimed amounts of target accumulations to an individual pension account, on which voluntary pension contributions are accounted, the following accounting entries are made:

Dr	3390 73	Target accumulations
Cr	1060 63	Target assets;

simultaneously:

Dr	1060 61	Cash (pension assets) in the current account (investment account)
Cr	3390 65	Pension accumulations in individual pension accounts.

Footnote. The Instruction was supplemented with paragraph 95 in accordance with the Resolution of the Board of the National Bank of the RK dated 27.11.2023 No. 87 (enters into force after the expiration of ten calendar days after the day of its first official publication).