Article 79. Advisory measures of the supervisory response of the Law on Banks and Banking Activities in the Republic Kazakhstan

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1. The authorized body applies recommendatory supervisory response measures in cases where deficiencies, risks or violations identified in the activities of a bank, banking conglomerate and (or) organizations that are part of a banking conglomerate, a bank holding company, or a major participant in the bank, including through the use of reasoned judgment, do not significantly affect the financial stability of the bank and (or) a banking conglomerate, do not pose a threat to their financial position and (or) the interests of depositors, other creditors, clients and correspondents of the bank.

2. Recommended supervisory response measures include:

1) notification of identified deficiencies, risks or violations, bringing this information (if necessary, determined by the authorized body) to the attention of individual bodies of the bank, an organization that is part of a banking conglomerate, a major participant in the bank, a bank holding company;

2) submission of recommendations of the authorized body for the elimination of identified deficiencies, risks or violations;

3) a warning about the possibility of applying other supervisory response measures in case of repeated detection by the authorized body of deficiencies, risks or violations, as well as failure to comply with recommended supervisory response measures.

3. The recommended supervisory response measure is issued by a letter from the authorized body.

4. The provisions of this article apply to branches of non–resident banks of the Republic of Kazakhstan and organizations engaged in certain types of banking operations.

The Law of the Republic of Kazakhstan dated January 16, 2026 No. 258-VIII SAM.

President

Republic of Kazakhstan

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