The Board of the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan adopted Resolution No. 29 approving updated rules for licensing organisations that carry out certain types of banking operations, alongside qualification requirements and the list of documents evidencing compliance. The package is intended to bring the existing regulatory framework into line with Kazakhstan’s new Law on Banks and Banking Activity dated 16 January 2026. The rules define the procedure for providing the Agency’s state service for granting licences to perform specified banking operations, including the required documents and information, review timeframes, application forms for issuing and reissuing licences, and the standard licence form. The qualification requirements cover organisational and technical measures that must be completed before commencing the relevant banking operations and set expectations for the “impeccable business reputation” of an organisation’s senior executives and shareholders, supported by a prescribed evidentiary document list.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2026-04-13
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves licensing rules and qualification requirements for organisations conducting certain banking operations
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has adopted Resolution No. 29 updating licensing rules, qualification requirements and evidentiary documentation for organisations conducting certain banking operations, aligning the framework with the new Law on Banks and Banking Activity of 16 January 2026. The rules set out procedures and forms for issuing and reissuing licences, review timeframes, and organisational and technical preconditions, and specify criteria and documentation to demonstrate the business reputation of senior executives and shareholders.