Article 6. Credit Bureaus Chapter 3. Establishment, implementation and termination of activities of credit bureaus The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan
1. Credit bureaus are commercial organizations established and operating in accordance with the legislation of the Republic of Kazakhstan, with the exception of a credit bureau with state participation.
A credit bureau with state participation is the only specialized non-profit organization established in the organizational and legal form of a joint-stock company, one hundred percent of the voting shares of which belong to the National Bank of the Republic of Kazakhstan.
2. Deleted - dated July 27, 2007, No. 317.
3. The permit is issued by the authorized body in accordance with the procedure established by this Law and regulatory legal acts of the authorized body.
The activities of a credit bureau with state participation are not subject to the licensing procedure of the authorized body.
4. The name of the credit bureau must contain the words "credit bureau" or words derived from them.
The Law of the Republic of Kazakhstan dated July 6, 2004 No. 573.
This Law defines the legal, economic and organizational bases for 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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