Article 12-3. State regulation, control and supervision of the activities of self-regulatory organizations in the field of microfinance and self-regulatory organizations in the field of collection activities of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Home / Laws / Article 12-3. State regulation, control and supervision of the activities of self-regulatory organizations in the field of microfinance and self-regulatory organizations in the field of collection activities of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Article 12-3. State regulation, control and supervision of the activities of self-regulatory organizations in the field of microfinance and self-regulatory organizations in the field of collection activities of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

1. In order to implement state regulation, control and supervision of the activities of self-regulatory organizations in the field of microfinance activities and self-regulatory organizations in the field of collection activities, the authorized body:

1) coordinates the rules and standards of self-regulatory organizations in the field of microfinance activities and self-regulatory organizations in the field of collection activities;

2) maintains registers of self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities;

3) establishes the procedure for carrying out the activities of a self-regulatory organization in the field of microfinance activities and a self-regulatory organization in the field of collection activities;

4) conducts inspections of the activities of self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities in order to identify and (or) prevent the facts of non-compliance by self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities with the requirements established by this Law, other laws of the Republic of Kazakhstan, regulatory legal acts of the authorized body and the National Bank Of the Republic of Kazakhstan, rules, as well as standards of self-regulatory organizations in the field of microfinance and self-regulatory organizations in the field of collection activities;

5) applies to self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities limited measures of influence, sanctions provided for by the laws of the Republic of Kazakhstan;

6) publishes in the mass media information about self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities (with the exception of information constituting official, commercial, banking or other legally protected secrets), including information on measures taken against them;

7) performs other functions stipulated by this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.

2. Control and supervision over the activities of self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities are carried out by the authorized body in accordance with this Law and other laws of the Republic of Kazakhstan and in order to identify violations by self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities of the requirements of the legislation of the Republic of Kazakhstan in the course of their control and supervisory functions. Kazakhstan, regulatory legal acts of the authorized body and the National Bank of the Republic of Kazakhstan, rules, standards of self-regulatory organizations in the field of microfinance and self-regulatory organizations in the field of collection activities, as well as violations of the rights and legitimate interests of consumers of financial services.

3. The authorized body carries out other forms of control and supervision in relation to self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities by:

1) analysis of information and reports provided by self-regulating organizations in the field of microfinance activities and self-regulating organizations in the field of collection activities in accordance with the requirements of the legislation of the Republic of Kazakhstan;

2) remote supervision in accordance with the procedure established by the laws of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated July 4, 2003 No. 474-II.

This Law regulates public relations related to the implementation of state regulation, control and supervision of the financial market and financial organizations, and is aimed at increasing the stability of the financial system of the Republic of Kazakhstan and creating conditions to prevent violations of the rights and legitimate interests of consumers of financial services.

President

Republic of Kazakhstan

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