Article 6-1. The status and legal basis of the activities of the authorized body of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Home / RLA / Article 6-1. The status and legal basis of the activities of the authorized body of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

The authorized body is a government body directly subordinate to and accountable to the President of the Republic of Kazakhstan, which carries out state regulation, control and supervision of the financial market and financial organizations.

The authorized body acts on the basis of its Regulations approved by the President of the Republic of Kazakhstan.

The authorized body in its activities is guided by the Constitution of the Republic of Kazakhstan, this Law, other laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and international treaties of the Republic of Kazakhstan.

The authorized body is a legal entity in the organizational and legal form of a republican state institution funded from the budget (cost estimates) of the National Bank of the Republic of Kazakhstan.

The authorized body develops a strategic plan for a five-year period, in which it defines the strategic directions, goals and target indicators of the authorized body's activities.

The strategic plan is approved by the Chairman of the authorized body in coordination with the President of the Republic of Kazakhstan or upon his authorization by the Head of the Presidential Administration of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated July 4, 2003 No. 474-II.

This Law regulates public relations related to the implementation of state regulation, control and supervision of the financial market and financial organizations, and is aimed at increasing the stability of the financial system of the Republic of Kazakhstan and creating conditions to prevent violations of the rights and legitimate interests of consumers of financial services.

President

Republic of Kazakhstan

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