Article 9. Competence of the authorized body for regulation, Control and supervision of the financial market and Financial Organizations of the Law on Endowment Funds and Endowment Funds (Endowments)

Home / RLA / Article 9. Competence of the authorized body for regulation, Control and supervision of the financial market and Financial Organizations of the Law on Endowment Funds and Endowment Funds (Endowments)

Authorized body for regulation, Control and Supervision of the Financial market and Financial Organizations:

1) develops and approves regulatory legal acts that establish a list of financial instruments that may be part of the assets of endowment funds (endowments), as well as the rules for their management by management companies (fiduciaries);

2) develops and approves the rules for calculating the value of net assets and assets of the endowment fund (endowment capital);

3) monitors and supervises compliance with the requirements of this Law and regulatory legal acts establishing the list of financial instruments that may be part of the assets of endowment funds (endowment funds), as well as the rules for their management by management companies (fiduciaries) and the rules for calculating the value of net assets and assets of the endowment fund (endowment capital);

4) exercise other powers provided for by this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated June 30, 2025 No. 199-VIII SAM.

This Law regulates public relations that arise during the creation, management and liquidation of endowment funds, the formation, replenishment, and dissolution of endowment funds (endowment funds) and the use of their investment income, and the trust management of assets of endowment funds (endowment funds).

President

Republic of Kazakhstan

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