Article 4. Establishment of an organization providing mandatory deposit guarantees Chapter 2. LEGAL STATUS OF AN ORGANIZATION PROVIDING MANDATORY DEPOSIT GUARANTEES AND ITS ACTIVITIES of the Law on Mandatory Deposit Guarantees Placed in Second-tier Banks of the Republic of Kazakhstan

Home / Laws / Article 4. Establishment of an organization providing mandatory deposit guarantees Chapter 2. LEGAL STATUS OF AN ORGANIZATION PROVIDING MANDATORY DEPOSIT GUARANTEES AND ITS ACTIVITIES of the Law on Mandatory Deposit Guarantees Placed in Second-tier Banks of the Republic of Kazakhstan

Article 4. Establishment of an organization providing mandatory deposit guarantees Chapter 2. LEGAL STATUS OF AN ORGANIZATION PROVIDING MANDATORY DEPOSIT GUARANTEES AND ITS ACTIVITIES of the Law on Mandatory Deposit Guarantees Placed in Second-tier Banks of the Republic of Kazakhstan

1. An organization providing mandatory deposit guarantee is a non-profit organization established in the organizational and legal form of a joint-stock company and operating on the basis of this Law, other regulatory legal acts of the Republic of Kazakhstan and the charter.

2. The National Bank of the Republic of Kazakhstan is the founder and sole shareholder of the organization providing mandatory deposit guarantee.

The Law of the Republic of Kazakhstan dated July 7, 2006 No. 169-III.

This Law is aimed at protecting the rights of depositors – individuals, including individual business entities, private notaries, private bailiffs, lawyers and professional mediators, and defines the legal basis for the functioning of the mandatory deposit guarantee system placed in second-tier banks of the Republic of Kazakhstan (bank branches – non–residents of the Republic of Kazakhstan), with the exception of Islamic bank deposits and money in bank accounts raised as part of Islamic banking operations, as well as the procedure for establishing and operating an organization that provides mandatory deposit guarantee, participation of second-tier banks of the Republic of Kazakhstan (branches of non-resident banks of the Republic of Kazakhstan) in the mandatory deposit guarantee system and other issues of mutual relations between participants systems.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases