Article 36. The procedure for the management of pension assets of the unified accumulative pension fund by the National Bank of the Republic of Kazakhstan. Investment declaration of the Unified Accumulative Pension Fund of the Social Code of the Republic of Kazakhstan

Home / Codes / Article 36. The procedure for the management of pension assets of the unified accumulative pension fund by the National Bank of the Republic of Kazakhstan. Investment declaration of the Unified Accumulative Pension Fund of the Social Code of the Republic of Kazakhstan

Article 36. The procedure for the management of pension assets of the unified accumulative pension fund by the National Bank of the Republic of Kazakhstan. Investment declaration of the Unified Accumulative Pension Fund of the Social Code of the Republic of Kazakhstan

1. The trust management of pension assets of the unified accumulative pension fund is carried out by the National Bank of the Republic of Kazakhstan on the basis of a trust management agreement concluded between the National Bank of the Republic of Kazakhstan and the unified accumulative pension fund.

2. The National Bank of the Republic of Kazakhstan develops a list of financial instruments authorized for acquisition at the expense of pension assets of the unified accumulative pension fund, which is approved by the Government of the Republic of Kazakhstan, and also develops and approves the investment declaration of the unified accumulative pension fund.

2-1. The National Bank of the Republic of Kazakhstan carries out trust management of pension assets of the unified accumulative pension fund, adhering to the goals aimed at ensuring the safety of pension savings and obtaining long-term real profitability.

3. The National Bank of the Republic of Kazakhstan may instruct another person to perform actions necessary for the management of pension assets entrusted to him, in accordance with the asset investment management agreement and this Code. At the same time, the trustee is responsible for the actions of the attorney he has chosen as his own.

4. The functions of the Council for the Management of the National Fund of the Republic of Kazakhstan regarding the management of pension assets of the unified accumulative pension fund are:

1) development of proposals for improving management efficiency;

2) consideration and elaboration of proposals on investment directions;

3) development of proposals to determine the list of financial instruments allowed to be acquired at the expense of pension assets of the unified accumulative pension fund;

4) review of the annual report on the activities of the unified accumulative pension fund.

5. The investment declaration of the unified accumulative pension fund is drawn up taking into account the list of financial instruments authorized for acquisition at the expense of pension assets of the unified accumulative pension fund.

President

Republic of Kazakhstan

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