The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan systematically monitors within its competence financial products in order to:
1) increase the level of awareness of consumers of financial services about products, fees and tariffs offered by financial organizations for certain services to implement rights of consumers to have an access to information about cost of services and right to choose a financial organization that provides financial services.
2) control over the services provided in the services market;
3) prevent appearance of unauthorized financial products and organizations in the market;
4) improve transparency of the financial services market.
Monitoring of financial products makes it possible to track current trends in the financial products market and analyze the existing products.
The Agency also conducts monthly systematic monitoring of advertising activities of financial and other organizations interacting with people on the issue of the possibility of fraudulent and other illegal actions in order to:
1) cover fraudulent and other illegal actions committed by second-tier banks, (re)insurance organizations, entities of the real estate market, organizations engaged in microfinance activities in the course of conduct of advertising activities;
2) prevent dissemination of information that misleads consumers of financial services, and fraudulent financial transactions and other organizations within the advertising activities.