Article 6-3. Chairman of the authorized body of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Home / RLA / Article 6-3. Chairman of the authorized body of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

The Chairman of the authorized body is appointed by the President of the Republic of Kazakhstan for a term of six years.

The Chairman of the authorized body acts on behalf of the authorized body and represents it without a power of attorney in relations with government agencies, organizations and other persons.

The Chairman of the authorized body is authorized to make operational and executive-administrative decisions on the activities of the authorized body, with the exception of the powers stipulated by this Law for the Board of the authorized body, to conclude contracts on behalf of the authorized body.

The Chairman of the authorized body is responsible for the activities of the authorized body.

The Chairman of the authorized body has the right to resign by submitting his written application to the President of the Republic of Kazakhstan two months before his resignation.

The Chairman of the authorized body is dismissed by the President 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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