Article 14. Powers to receive and provide information under the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Home / RLA / Article 14. Powers to receive and provide information under the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

In order to ensure high–quality and timely performance of the functions of state regulation, control and supervision of the financial market and financial organizations assigned to the authorized body, branches of non–resident banks of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations of non–residents of the Republic of Kazakhstan, branches of insurance brokers of non-residents of the Republic of Kazakhstan, implementation of the requirements of this Law and other laws of the Republic of Kazakhstan, the authorized body the authority has the right to receive gratuitously from any individuals and legal entities, bank branches – non–residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations that are non–residents of the Republic of Kazakhstan, branches of insurance brokers that are non-residents of the Republic of Kazakhstan, as well as government agencies, provide the necessary information, including information that constitutes official, commercial, banking and other legally protected secrets. At the same time, the information received is not subject to disclosure.

The authorized body provides the received information specified in the first part of this Article to the National Bank of the Republic of Kazakhstan, including by providing it with access to the information systems of the authorized body.

IZPI's note! The third part of Article 14 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective twelve months after the date of its first official publication).

Government agencies, financial and other organizations, their associations (unions), as well as individuals, branches of non–resident banks of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations of non–residents of the Republic of Kazakhstan, branches of insurance brokers – non-residents of the Republic of Kazakhstan are required to provide, at the request of the authorized body, including in electronic form and (or) through the facilities of informatization of state bodies, documents, reports, including financial, and, if necessary, other additional information necessary for the authorized body to perform its functions.

Employees of the authorized body are responsible for disclosing information obtained during the exercise of their control and supervisory functions, which constitute official, commercial, banking or other legally protected secrets, in accordance with 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.

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Republic of Kazakhstan

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