Article 7. Types of activities carried out by credit bureaus The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

Home / RLA / Article 7. Types of activities carried out by credit bureaus The Law on Credit Bureaus and Formation of credit histories in the Republic of Kazakhstan

1. The main activities of credit bureaus are the formation of credit histories and the provision of credit reports.

2. Additional activities of the credit bureau include:

1) a service for the provision of specialized software for automating the activities of participants in the credit history generation system and their use;

2) the sale of special literature and other information materials related to the activities of the credit bureau;

3) provision of consulting services related to information support for participants in the credit history formation system and their use;

IZPI's note! Subparagraph 4) is provided for in the wording of the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

4) provision of services for calculating credit scoring of subjects of credit histories, monitoring of credit histories;

4-1) the activity of the operator of the electronic trading platform for the sale of banking and microfinance assets (if there is a permit for the right to carry out the activities of the operator of the electronic trading platform for the sale of banking and microfinance assets);

IZPI's note! Subparagraph 5) is provided for in the wording of the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

5) marketing, statistical and analytical research;

6) excluded by the Law of the Republic of Kazakhstan dated December 28, 2011 No. 524-IV (effective after ten calendar days after its first official publication).

7) services for notifying subjects of credit history about recipients of credit reports who have requested a credit report, changes in the credit history of the subject of credit history in real time;

8) services for notifying information providers specified in subparagraph 1) of paragraph 1 of Article 18 of this Law about the establishment or withdrawal by an individual of a voluntary refusal to receive bank loans, microcredits in real time.

IZPI's note! Paragraph 2 is provided to be supplemented by sub-paragraphs 9) and 10) in accordance with the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

9) provision of services in proactive mode;

10) publication of marketing, statistical and analytical research on the Internet resource of the credit bureau.

2-1. A credit bureau with state participation forms and maintains an insurance database in accordance with the Law of the Republic of Kazakhstan "On Insurance Activities".

2-2. For a credit bureau with government participation, the provision of credit scoring services is one of the main activities and is mandatory. The activities provided for in subparagraph 4-1) of paragraph 2 of this article may not be carried out by a credit bureau with state participation.

3. Credit bureaus are not entitled to carry out types of business activities not provided for in this article.

IZPI's note! Article 7 is provided to be supplemented by paragraph 4 in accordance with the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

4. A credit bureau with state participation has the right to send notifications free of charge to subjects of credit history about the issuance of a loan and (or) a micro-loan, as well as in the cases provided for in subparagraph 7) of paragraph 2 of Article 7 of this Law, and (or) to subjects of the unified insurance database in the cases established by subparagraph 5) of paragraph 6 of Article 79 of the Law. The Law of the Republic of Kazakhstan "On Insurance Activities", by means of a short text message through a single number 1414.

The Law of the Republic of Kazakhstan dated July 6, 2004 No. 573.

This Law defines the legal, economic and organizational foundations of 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.

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