Resolution of the Board of the National Bank of the Republic of Kazakhstan on Amendments to Resolution No. 292 of December 25, 2013

REPUBLICAN STATE INSTITUTION
"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"		RESOLUTION OF THE BOARD No. 49 City of Nur-Sultan

On Amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 25, 2013 No. 292 "On Imposing Restrictions on Certain Types of Banking and Other Operations by Financial Organizations"

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

1. Make the following amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 25, 2013 No. 292 "On Imposing Restrictions on Certain Types of Banking and Other Operations by Financial Organizations" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 9125):

rephrase the preamble as follows:

"In accordance with Subparagraph 4) of Part Four of Article 51-2 of the Law of the Republic of Kazakhstan 'On the National Bank of the Republic of Kazakhstan', the Board of the National Bank of the Republic of Kazakhstan RESOLVES:";

rephrase paragraphs 1 and 2 as follows:

"1. Establish restrictions on certain types of banking and other operations by financial organizations.

2. The borrower's debt burden coefficient calculated by a second-level bank is determined in accordance with the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated September 13, 2017 No. 170 'On Establishing Normative Values and Calculation Methodologies for Prudential Standards and Other Mandatory Compliance Norms and Limits, Bank Capital Size, and Rules for Calculating and Limiting Open Currency Positions' (registered in the Registry of State Registration of Regulatory Legal Acts under No. 15886).

The maximum level of the borrower's debt burden coefficient is 0.5 (zero whole five tenths).";

delete paragraphs 2-1, 2-2, 3, 4, 5, 7, 8, 9, and 10.

2. The Department of Financial Stability and Research (O.M. Kubenbayev) shall ensure, in the manner established by the legislation of the Republic of Kazakhstan:

1) together with the Legal Department (A.S. Kasenov), the state registration of this Resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) placement of this Resolution on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;

3) submission within ten working days after the state registration of this Resolution to the Legal Department information on the execution of the measure provided for in subparagraph 2) of this paragraph.

3. Control over the implementation of this Resolution[1] is entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan A.M. Baimagambetov.

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

Chairman	G.O. Pirmatov

APPROVED

Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market

Correct:
Chief Specialist-Secretary of the Board Z. Mukhambetova

1. On Amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 25, 2013 No. 292 "On Imposing Restrictions on Certain Types of Banking and Other Operations by Financial Organizations" ↑