Article 12-4. Requirements for the head of the executive body of the operator of the exchange of unsecured digital assets On digital assets in the Republic of Kazakhstan

Home / Laws / Article 12-4. Requirements for the head of the executive body of the operator of the exchange of unsecured digital assets On digital assets in the Republic of Kazakhstan

It is prohibited to elect or appoint a person as the head of the executive body of the operator of the exchange of unsecured digital assets:

1) who was the head, member of the management body, head, member of the executive body, chief accountant of a financial institution for a period not more than one year prior to the decision to apply a settlement regime to the bank, the decision to revoke the license of a financial institution, which led to its liquidation and (or) termination of activities in the financial market, or the entry into force of entry into force of a judicial act on the compulsory liquidation of a financial institution or declaring it bankrupt in accordance with the procedure established by the Government of the Russian Federation ., determined by the legislation of the Republic of Kazakhstan or the legislation of the state in which the non–resident financial institution of the Republic of Kazakhstan is a resident;

2) previously, he was the head of the executive body of the unsecured digital asset exchange operator, which was excluded from the register of the unsecured digital asset exchange operator. The basis specified in this subparagraph is applied for five consecutive calendar years from the date of exclusion of the operator of the exchange of unsecured digital assets from the register of the operator of the exchange of unsecured digital assets.;

3) does not have an impeccable business reputation.

Заңгерлік кеңес Заңгер Адвокаттық кеңсе Қазақстан Қорғаушы Заң компаниясы

President

Republic of Kazakhstan

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