Article 31-1. Notification of approval of financial products by a bank, an organization engaged in certain types of banking operations of the Law on Banks and Banking Activities in the Republic of Kazakhstan

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Article 31-1. Notification of approval of financial products by a bank, an organization engaged in certain types of banking operations of the Law on Banks and Banking Activities in the Republic of Kazakhstan

 A bank or an organization engaged in certain types of banking operations shall notify the authorized body of the approval of financial products by the body of the bank or an organization engaged in certain types of banking operations authorized to approve financial products within ten working days from the date of their approval.

IZPI's note! The second part of Article 31-1 is amended by the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

The list of financial products, the approval of which is notified by a bank or an organization engaged in certain types of banking operations to the authorized body, the procedure for notifying the authorized body of the approval of financial products by a bank or organization engaged in certain types of banking operations, as well as the list of documents attached to the notification and information on approved financial products specified in the notification, are determined regulatory legal acts of the authorized body.".

The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.

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