Article 9-7. Publication of the main performance indicators of a bank, a branch of a non–resident bank, a bank holding company, an insurance (reinsurance) organization, an insurance broker, an insurance holding company, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non–resident insurance broker of the Republic of Kazakhstan of the Law On State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Home / Laws / Article 9-7. Publication of the main performance indicators of a bank, a branch of a non–resident bank, a bank holding company, an insurance (reinsurance) organization, an insurance broker, an insurance holding company, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non–resident insurance broker of the Republic of Kazakhstan of the Law On State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Article 9-7. Publication of the main performance indicators of a bank, a branch of a non–resident bank, a bank holding company, an insurance (reinsurance) organization, an insurance broker, an insurance holding company, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non–resident insurance broker of the Republic of Kazakhstan of the Law On State Regulation, Control and Supervision of the Financial Market and Financial Organizations

1. A bank, an insurance (reinsurance) organization, an insurance broker publish annual consolidated financial statements, and in the absence of a subsidiary (subsidiaries) organization (organizations) – unconsolidated annual financial statements, as well as an audit report in accordance with the procedure and deadlines established by the regulatory legal act of the authorized body, after the audit organization confirms the accuracy of the information provided in them and approves the annual financial statements by the annual general meeting of shareholders of the bank, insurance (reinsurance) organization, annual general meeting of participants of the insurance broker, insurance broker – non-resident of the Republic Kazakhstan.

At the request of the authorized body, a bank or a branch of a non–resident bank of the Republic of Kazakhstan shall post other reports on the Internet resource of the bank or a branch of a non-resident bank of the Republic of Kazakhstan in accordance with the list and deadlines established by the regulatory legal act of the authorized body.

A bank or an insurance (reinsurance) organization publishes quarterly an accounting balance sheet and a profit and loss statement that comply with international financial reporting standards, in accordance with the procedure and deadlines established by a regulatory legal act of the authorized body, without their audit confirmation.

2. Resident bank holding companies of the Republic of Kazakhstan and resident insurance holding companies of the Republic of Kazakhstan publish annual consolidated financial statements, and in the absence of a subsidiary(subsidiary) organization(s), unconsolidated financial statements, as well as an audit report in accordance with the procedure and deadlines established by a regulatory legal act of the authorized body.

3. A branch of a non–resident bank of the Republic of Kazakhstan, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, and a branch of a non–resident insurance broker of the Republic of Kazakhstan shall publish in accordance with the procedure and terms established by a regulatory legal act of the authorized body.:

annual financial statements according to accounting data of a branch of a non–resident bank of the Republic of Kazakhstan, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non–resident insurance broker of the Republic of Kazakhstan;

annual consolidated financial statements of a non–resident bank of the Republic of Kazakhstan, a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a non–resident insurance broker of the Republic of Kazakhstan, and in the absence of a subsidiary (subsidiaries) organization (organizations), the unconsolidated annual financial statements of a non–resident bank of the Republic of Kazakhstan, an insurance (reinsurance) organization – a non–resident of the Republic of Kazakhstan, a non–resident insurance broker of the Republic of Kazakhstan, as well as an audit report after the audit organization confirms the accuracy of the information provided in them and approves the financial statements by a non–resident bank of the Republic of Kazakhstan, a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, and a non-resident insurance broker of the Republic of Kazakhstan.

A branch of a non–resident bank of the Republic of Kazakhstan, a branch of a non–resident insurance (reinsurance) organization of the Republic of Kazakhstan, a branch of a non–resident insurance broker of the Republic of Kazakhstan quarterly publish a report on assets and liabilities, a report on income and expenses that comply with international financial reporting standards, in accordance with the procedure and deadlines established by a regulatory legal act of the authorized body, without their audit confirmation.

The Law of the Republic of Kazakhstan dated July 4, 2003 No. 474-II.

This Law regulates public relations related to the implementation of state regulation, control and supervision of the financial market and financial organizations, and is aimed at increasing the stability of the financial system of the Republic of Kazakhstan and creating conditions to prevent violations of the rights and legitimate interests of consumers of financial services.

President

Republic of Kazakhstan

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