Article 11-2. Anti-Corruption Compliance Service of the National Welfare Fund Law Foundation

     1. To ensure that the Fund and its employees comply with the legislation of the Republic of Kazakhstan on combating corruption, a structural unit or a responsible person performing the functions of an anti-corruption compliance service is determined.

     2. The head, employees of the anti-corruption compliance service, or the responsible person performing the functions of the anti-corruption compliance service may not be elected to the Board of Directors and the executive body of the Fund.

     3. The Anti-Corruption Compliance Service or the responsible person performing the functions of the anti-corruption compliance service shall exercise their powers independently of the executive body, officials of the Fund, are accountable to the Board of Directors of the Fund and are independent in ensuring compliance with the requirements of the legislation of the Republic of Kazakhstan on combating corruption.

     4. The competence, organization and working procedure of the anti-corruption compliance service or the responsible person performing the functions of the anti-corruption compliance service are determined by an internal act of the Fund on the basis of the model regulation on anti-corruption compliance services in quasi-public sector entities, approved by the authorized body for anti-corruption policy.

     5. The Anti-corruption compliance Service or the responsible person performing the functions of the anti-corruption compliance service interacts with the authorized body on anti-corruption policy.

The Law of the Republic of Kazakhstan dated February 1, 2012 No. 550-IV.

     This Law defines the legal status, operating procedure, goals, objectives and powers of the National Welfare Fund, the procedure for interaction between the National Welfare Fund and government agencies, as well as certain features of the legal status of legal entities whose shares (participation interests) belong to the National Welfare Fund and other organizations belonging to the National Welfare Fund group.

President    

Republic of Kazakhstan     

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