Article 6. Prohibition of unauthorized activities of the Law on Banks and Banking Activities in the Republic of Kazakhstan

Home / RLA / Article 6. Prohibition of unauthorized activities of the Law on Banks and Banking Activities in the Republic of Kazakhstan

1. No person who does not have a corresponding license from the authorized body or the National Bank of the Republic of Kazakhstan has the right to:

1) perform banking operations as the main or

additional activities;

2) use the word "bank" or a word (expression) derived from it in its name, documents, advertisements and advertisements, giving the impression that it performs banking operations. This prohibition does not apply to the National Bank of the Republic of Kazakhstan, branches and representative offices of banks, organizations specified in paragraph 8 of Article 61-4 of this Law, international financial organizations.

2. Banking operations carried out without a license from an authorized body or the National Bank of the Republic of Kazakhstan are invalid, except for activities (operations) carried out by a state body, a National Postal Operator, organizations specified in paragraph 8 of Article 61-4 of this Law, as well as the Development Bank of Kazakhstan within the powers established by this Law and other laws. Of the Republic of Kazakhstan.

The footnote. Article 6 as amended by the Law of the Republic of Kazakhstan dated 05.07.2012 No. 30-V (effective after ten calendar days after its first official publication); as amended by the Laws of the Republic of Kazakhstan dated 27.04.2015 No. 311-V (effective from 01.01.2015); dated 24.11.2015 No. 419-V (effective from 01.01.2016); dated 29.03.2016 No. 479-V (effective after twenty-one calendar days after the date of its first official publication); dated 03.07.2019 No. 262-VI (effective from 01.01.2020).

The Law of the Republic of Kazakhstan dated August 31, 1995 No. 2444.

President

Republic of Kazakhstan

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