Article 107. Refusal to grant permission for the voluntary reorganization of the bank and the bank holding company of the Law on Banks and Banking Activities in the Republic Kazakhstan
A refusal to grant permission from the authorized body for the voluntary reorganization of a bank (bank holding company) is made on any of the following grounds:
1) absence of relevant decisions of the supreme bodies of the reorganized banks (bank holdings);
2) violation of the interests of depositors as a result of the proposed reorganization;
3) violation as a result of the proposed reorganization of prudential standards and (or) limits established by the authorized body, macroprudential standards and (or) limits established by the National Bank of the Republic of Kazakhstan;
4) violation of the requirements of the legislation of the Republic of Kazakhstan in the field of competition protection as a result of the proposed reorganization.
The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.
President
Republic of Kazakhstan
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