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Home / Codes / Article 58. Commission fees of the National Bank of the Republic of Kazakhstan, the unified accumulative pension fund, investment portfolio manager and voluntary accumulative pension funds of the Social Code of the Republic of Kazakhstan

Article 58. Commission fees of the National Bank of the Republic of Kazakhstan, the unified accumulative pension fund, investment portfolio manager and voluntary accumulative pension funds of the Social Code of the Republic of Kazakhstan

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

Article 58. Commission fees of the National Bank of the Republic of Kazakhstan, the unified accumulative pension fund, investment portfolio manager and voluntary accumulative pension funds of the Social Code of the Republic of Kazakhstan

     1. The amount of the commission fee of the unified accumulative pension fund is set at 0.008 percent per month of pension assets, but not more than the value defined as the product of 0.04 times the monthly calculation index established by the law on the republican budget and effective on January 1 of the corresponding financial year, and the number of individual pension accounts of depositors (recipients) with pension savings accounting for mandatory pension contributions, opened in the unified accumulative pension fund as of the 1st day of the corresponding calendar month.

     2. The maximum amount of the commission fee of the National Bank of the Republic of Kazakhstan is set at no more than 2.0 percent of the investment income.

     3. The maximum amount of the investment portfolio manager's commission is set at no more than 7.5 percent of the investment income.

     4. The maximum amount of the commission fee of a voluntary accumulative pension fund is set at no more than 15 percent of the investment income.

     The procedure for collecting and the amount of commission fees for voluntary accumulative pension funds are established by an agreement on pension provision at the expense of voluntary pension contributions.

     5. The amount of the commission fee of the National Bank of the Republic of Kazakhstan is annually approved by the Board of the National Bank of the Republic of Kazakhstan.

     The amount of the investment portfolio manager's commission is approved annually by the management body of this organization.

     The amount of commission paid by the National Bank of the Republic of Kazakhstan, the investment portfolio manager and the voluntary funded pension fund may change no more than once a year.

 

 

President    

Republic of Kazakhstan     

© 2012. RSE na PHB "Institute of Legislation and Legal Information of the Republic of Kazakhstan" of the Ministry of Justice of the Republic of Kazakhstan  

 

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