Article 3. The main purpose, objectives and principles of regulation of credit rating activities of the Law of the Republic of Kazakhstan On Credit rating Activities
1. The main purpose of regulating credit rating activities is to ensure the protection of the rights and legitimate interests of rating users, as well as transparency and independence of the activities of credit rating agencies recognized for the purposes of implementing the tasks of state regulation, control and supervision of the financial market and financial organizations.
2. The main objectives of regulating credit rating activities are:
1) establishing the legal basis for credit rating activities;
2) ensuring transparency and independence of credit rating activities;
3) monitoring and supervision of credit rating activities;
4) improving financial literacy of consumers of financial services and strengthening confidence in the financial market of the Republic of Kazakhstan.
3. The basic principles of regulating credit rating activities are:
1) the quality and integrity of credit rating activities;
2) independence in the implementation of credit rating activities;
3) prevention of conflicts of interest in the implementation of credit rating activities;
4) transparency of credit rating activities;
5) confidentiality in the implementation of credit rating activities;
6) voluntary assignment of ratings in the implementation of credit rating activities.
The Law of the Republic of Kazakhstan on Credit Rating Activities
On credit rating activities, the Law of the Republic of Kazakhstan dated July 23, 2026 No. 351-VIII SAM.
President
Republic of Kazakhstan
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