Article 103. Control over the activities 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 103. Control over the activities of the Interim Administration for the management of the Bank of the Law on Banks and Banking Activities in the Republic Kazakhstan

During the term of the interim administration for the management of the bank, control over its activities is carried out by the authorized body, which has the right to:

1) to give recommendations and mandatory written instructions to the interim administration for the management of the bank;

2) issue written instructions to the interim administration for the management of the bank on the elimination of identified violations and their causes, as well as the conditions that contributed to their commission, within the prescribed period and (or) on the submission of an action plan within the prescribed period.

The action plan, submitted within the time limit set by the written order, contains descriptions of violations, the reasons that led to their occurrence, a list of planned activities, the timing of their implementation, as well as responsible officials.;

3) require the interim administration for the management of the bank to provide any information about its activities and the bank's activities;

4) receive and hear the report of the interim administration for the management of the bank on the work done;

5) extend the term of the interim administration for the management of the bank;

6) to make a decision on the termination of the activities of the interim administration for the management 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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