Article 4. State bodies responsible for regulating, controlling and supervising the activities of credit bureaus, monitoring the activities of information providers and recipients of credit reports The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

Home / RLA / Article 4. State bodies responsible for regulating, controlling and supervising the activities of credit bureaus, monitoring the activities of information providers and recipients of credit reports The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

Article 4. State bodies responsible for regulating, controlling and supervising the activities of credit bureaus, monitoring the activities of information providers and recipients of credit reports The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

 1. State regulation and supervision of the activities of credit bureaus and the formation of credit histories are carried out by the authorized body.

For these purposes, the authorized body has the right to receive from individuals and legal entities, including credit bureaus, information necessary for the exercise of its supervisory functions, while the information received is not subject to disclosure, except in the cases provided for in this paragraph.

In order to ensure the completeness of the information contained in the database of credit histories, the authorized body has the right to provide information to a credit bureau with state participation.

Employees of the authorized body are responsible for disclosing information obtained in the course of their supervisory functions that constitute official, commercial, banking or other legally protected secrets in accordance with the laws of the Republic of Kazakhstan.

2. The competence of the authorized body includes:

IZPI's note! Subparagraph 1) is provided to be deleted 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).

1) adoption of regulatory legal acts on the activities of credit bureaus in accordance with this Law;

2) the issuance of permits, except in the case provided for by this Law;

2-1) approval of the draft agreement on cross-border exchange;

3) conducting inspections of the activities of credit bureaus on compliance with the legislation of the Republic of Kazakhstan on credit bureaus and the formation of credit histories;

4) sending written instructions to credit bureaus, banks, and legal entities licensed to conduct bank loan operations (hereinafter referred to as organizations engaged in certain types of banking operations) on the elimination of identified violations of the legislation of the Republic of Kazakhstan on credit bureaus and the formation of credit histories, as well as in case of failure to provide information within the established time frame;

5) imposing sanctions on credit bureaus and their officials;

6) consideration of applications from individuals and legal entities regarding the activities of credit bureaus, including those related to the formation of credit histories;

7) performing other functions stipulated by this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.

3. Excluded by the Law of the Republic of Kazakhstan dated 04/27/2015 No. 311-V (effective ten calendar days after the date of its first official publication).

Kazakhstan Republikasyn 2004 zhylgy 6 shildedegi N 573 Zany.

Osy Zan Kazakhstan Republikasynda credittik tarikhty kalyptastrudyn kukyktyk, ekonomikalyk zhane uyymdastyrushylyk negizderin, credittik tarikhty kalyptastru zhane ony paidalan zhuyesine katysushylardyn kukyktyk jagdayyn aykyndaidy, credittik burolards kuruga, olardyn kyzmetin zhuzege asyruga zhane toktatuga baylanysty kogamdyk katynastards, osy saladagy memlekettik retteu, bakylau men kadagalau yerekshelikterin retteidi.

Kazakhstan Republicsin

The President

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The Law of the Republic of Kazakhstan dated July 6, 2004 No. 573.

This Law defines the legal, economic and organizational foundations of the formation of credit histories in the Republic of Kazakhstan, the legal status of participants in the system of formation of credit histories and their use, regulates public relations related to the creation, implementation and termination of activities of credit bureaus, the specifics of state regulation, control and supervision in this area.

President

Republic of Kazakhstan

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