Consent for the appointment (election) of executives of financial organizations, branches of non-resident banks of the Republic of Kazakhstan, branches of insurance (re-insurance) organizations- non-residents of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan, banking, insurance holdings, Joint Stock Company "Fund for guaranteeing insurance payments”

You can obtain a service via the Portal:

1. Click “Order Online” button, then a new window will open of e-Licensing Portal;

2. Sign in or log in on e-Licensing Portal;

3. Click “Order Service Online” button on e-Licensing Portal page;

4. Fill in the fields of request;

5. Sign a request with digital signature;

6. You can track status of request in “My applications” section of Personal Account, status on obtainment of license in “My licensing documents” section and status on obtainment of notification in “My notifications” section.

1) non-compliance of the candidate for the position of a management employee with the requirements established by Article 9-4 of the Law on State Regulation, Subparagraph 20) of Article 1, Paragraph 4 of Article 54, Paragraph 2 of Article 59 of the Law of the Republic of Kazakhstan “On Joint Stock Companies” and Article 9 of the Law of the Republic of Kazakhstan “On Accounting and Financial Reporting”;

2) a negative test result.

Negative test results include:

• the test result of the candidate for the position of a management employee being less than seventy percent of correct answers;
• violation by the candidate for the position of a management employee of the testing procedure established by the authorized body;
• failure of the candidate for the position of a management employee to appear for testing at the appointed time before the expiry of the period for approval of the candidate for the position of a management employee by the authorized body;

3) failure to remedy the comments of the authorized body or submission of documents revised taking into account the comments of the authorized body after the expiry of the period established by Paragraph 6 of Article 9-4 of the Law on State Regulation and the Rules;

4) violation of the procedure for appointment (election) of a candidate to the position of a management employee established by the legislation of the Republic of Kazakhstan;

5) submission of documents after the expiry of the period established by Paragraph 6 of Article 9-4 of the Law on State Regulation, during which the management employee holds his/her position without approval by the authorized body;

6) the authorized body having information that the candidate for the position of a management employee has committed actions recognized as having been committed for the purpose of manipulating the securities market and/or resulting in damage to a third party (third parties).

This requirement shall apply for one year from the date of occurrence of the earliest of the following events:

• recognition by the authorized body of the actions of the candidate for the position of a management employee as having been committed for the purpose of manipulating the securities market;
• receipt by the authorized body of information confirming the fact that such actions resulted in damage to a third party (third parties);

7) the authorized body having information that the candidate for the position of a management employee was a management employee (a person acting in such capacity) of a financial organization in respect of which, for committing actions recognized as having been committed for the purpose of manipulating the securities market, supervisory response measures were applied by the authorized body and/or an administrative penalty was imposed pursuant to Article 259 of the Code of the Republic of Kazakhstan on Administrative Offenses;

8) the authorized body having information that the candidate for the position of a management employee was a management employee (a person acting in such capacity) of a financial organization, or a stock exchange trader, whose actions resulted in damage to the financial organization and/or a third party (third parties) participating in the transaction;

9) the authorized body having information that the candidate for the position of a management employee was a stock exchange trader whose responsibilities included making decisions on matters that resulted in the violations specified in Subparagraph 7) of this Paragraph.

The requirements established by Subparagraphs 7), 8) and 9) of this Paragraph shall apply for one year from the date of occurrence of the earliest of the following events:

• recognition by the authorized body of the actions of the financial organization as having been committed for the purpose of manipulating the securities market;
• receipt by the authorized body of information confirming that the actions of the candidate for the position of a management employee resulted in damage to the financial organization and/or a third party (third parties).

The information specified in Subparagraphs 6), 7), 8) and 9) of this Paragraph shall also include information received by the authorized body from the financial supervisory authority of the state of which the financial organization, being a non-resident of the Republic of Kazakhstan, is a resident.

10) absence of the consent of the recipient of the state service, provided in accordance with Article 8 of the Law of the Republic of Kazakhstan “On Personal Data and Their Protection”, to access restricted-access personal data required for the provision of the state service (for recipients of the state service who are individuals).

• appeal;
• initiative of an administrative body or official.

 General requirements for the appeal

The appeal submitted in hard copy or electronic form shall indicate:

• Full name, IIN, postal address of a natural person, BIN of a legal entity;
• name of administrative body, official to whom the appeal is submitted;
• the essence of an appeal;
• date of filing an appeal;
• signature of the applicant or his representative;
• other information provided for by legislation of the Republic of Kazakhstan.

If the administrative procedure is on a paid basis, the applicant must submit a document confirming the payment.

Source: Administrative Procedural Code of Republic of Kazakhstan,
The Law of the RK "On Public services"