Article 125. Creditors' Committee of a branch of a non–resident bank of the Republic of Kazakhstan of the Law on Banks and Banking Activities in the Republic of Kazakhstan Kazakhstan

Home / Laws / Article 125. Creditors' Committee of a branch of a non–resident bank of the Republic of Kazakhstan of the Law on Banks and Banking Activities in the Republic of Kazakhstan Kazakhstan

1. In order to ensure the rights and legitimate interests of depositors and other creditors of a branch of a non–resident bank of the Republic of Kazakhstan and to make decisions with their participation in the procedures for the voluntary and compulsory termination of the activities of a branch of a non–resident bank of the Republic of Kazakhstan, a creditors' committee is being established.

The composition of the creditors' committee for voluntarily or forcibly terminating the activities of a branch of a non–resident bank of the Republic of Kazakhstan is approved by the authorized body on the proposal of the liquidation commission of a branch of a non–resident bank of the Republic of Kazakhstan.

2. The specifics of the formation and activity of the creditors' committee are established by the regulatory legal acts of the authorized body.

The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.

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