Article 61. Prohibition of advertising that does not correspond to the reality of the Social Code of the Republic of Kazakhstan
1. The Unified Accumulative Pension Fund and voluntary accumulative pension funds are prohibited from advertising activities that do not correspond to reality on the day of its publication.
2. The authorized body for regulation, control and supervision of the financial market and financial organizations has the right to require the unified accumulative pension fund and voluntary accumulative pension funds to make changes to advertising that does not correspond to reality, to terminate it, or to publish its refutation.
In case of failure to comply with this requirement, the authorized body for regulation, control and supervision of the financial market and financial organizations has the right to publish information about the inconsistency of the information contained in the advertisement or to clarify it at the expense of the unified accumulative pension fund or the voluntary accumulative pension fund that published such advertising.
3. Information on the profitability of pension assets may be provided only with an indication of the period during which the relevant investment income was received.
President
Republic of Kazakhstan
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