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Home / Constitutional law / Article 5. Monetary obligations of the Center's participants and currency regulation of the Constitutional Law of the Republic of Kazakhstan On the Astana International Financial Center

Article 5. Monetary obligations of the Center's participants and currency regulation of the Constitutional Law of the Republic of Kazakhstan On the Astana International Financial Center

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 5. Monetary obligations of the Center's participants and currency regulation of the Constitutional Law of the Republic of Kazakhstan On the Astana International Financial Center

     1. Monetary obligations of the Center's participants are expressed and executed in the currency stipulated by the agreement.

     2. Monetary obligations of stock exchange trading participants are expressed and executed in currencies determined by the rules of the stock exchange.

     3. The conditions and procedure for conducting currency transactions related to the provision of financial and professional services on the territory of the Center are established by acts of the Center in coordination with the National Bank of the Republic of Kazakhstan.

     4. The requirements for registration of currency agreements, on the basis of and (or) in fulfillment of which capital movement transactions are conducted, assignment of an account number to a foreign bank account, as well as the requirements for notification of currency transactions conducted, established by the Law of the Republic of Kazakhstan "On Currency Regulation and Currency Control", do not apply to currency transactions conducted by the participants of the Center. on his territory.

     The requirements for the list of information and the procedure for their submission by banks and organizations carrying out certain types of banking operations in the territory of the Republic of Kazakhstan, carrying out currency transactions on behalf of the Center's participants, are determined by acts of the Center in coordination with the National Bank of the Republic of Kazakhstan.

     5. The Center's acts, in coordination with the National Bank of the Republic of Kazakhstan, establish requirements for the Center's participants to provide information on currency transactions, as well as the procedure for information interaction between the Center's bodies and the National Bank of the Republic of Kazakhstan.

 

Constitutional Law of the Republic of Kazakhstan dated December 7, 2015 No. 438-V SAM.

President    

Republic of Kazakhstan     

 

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