Article 102. Powers of the Interim Administration for the management of the Bank of the Law on Banks and Banking Activities in the Republic Kazakhstan

Home / Laws / Article 102. Powers of the Interim Administration for the management of the Bank of the Law on Banks and Banking Activities in the Republic Kazakhstan

The interim Administration for the management of the bank within the framework of the financial stability restoration regime, the settlement regime has the right:

1) independently make decisions on all issues of the bank's activities, taking into account the requirements of Article 103 of this Law;

2) sign any contracts and documents on behalf of the bank, file claims on behalf of and in the interests of the bank;

3) fully or partially suspend the fulfillment of the bank's obligations to depositors, other creditors and clients for the period of the financial stability restoration regime, settlement regime;

4) to change or suspend the deadlines for fulfilling the bank's monetary obligations and (or) to reduce the amount of remuneration for these obligations;

5) issue orders, including orders for dismissal, demotion or temporary suspension from office, to determine the duties of the bank's employees;

6) to set off homogeneous counterclaims, with the exception of offsetting claims that have arisen against the bank from the assignment agreement (claims);

7) apply settlement tools;

8) carry out the activities provided for in Article 23 of this Law;

9) apply to the court with an application for invalidation of transactions in accordance with paragraph 10 of Article 89 and paragraph 9 of Article 92 of this Law;

10) suspend operations on bank accounts of clients and the bank itself, except in cases related to:

expenses stipulated by the regulatory legal acts of the authorized body;

by crediting incoming funds to the bank;

refund of money deposited into closed accounts of persons who were previously clients of the bank;

payments to individuals to whom the bank is responsible for causing harm to life or health;

settlements on remuneration and compensation for persons who worked under an employment contract, arrears in social contributions to the State Social Insurance Fund, alimony and mandatory pension contributions withheld from wages and (or) other income, payment of mandatory pension contributions from the employer, mandatory professional pension contributions, as well as remuneration under copyright agreements;

payment of taxes, fees and other mandatory payments to the budget by the bank's clients;

carrying out operations provided for in Articles 94, 95, 96, 97 and 98 of this Law;

expenses related to the invalidation of the bank's transactions in accordance with Article 122 of this Law;

11) suspend, in the mode of restoring financial stability, the execution of demands for the recovery of money from the bank's bank accounts according to creditors' claims, including those subject to satisfaction in an undisputed manner, as well as foreclosure on the bank's property;

12) apply to the bailiff with an application for suspension in the mode of restoring financial stability of the execution of enforcement documents on the recovery of debts from the bank issued after the date of introduction of the specified regime;

13) to make changes to the organizational structure of the bank and the organization under its direct or indirect control;

14) carry out other activities related to the implementation of measures to restore the financial stability of the bank and the settlement of the bank.

The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.

President

Republic of Kazakhstan

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