The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has prepared a draft Board resolution amending certain regulatory legal acts on the regulation of financial organisations in the provision of public services and repealing some existing acts. The draft is intended to implement recent legislative amendments and would ease current requirements for establishing foreign banks and their branches in Kazakhstan. The proposed changes focus on optimising the list of documents that must be submitted to the authorised body and aligning relevant procedures with the requirements of Kazakhstan’s laws on Public Services and on Informatization. The full text of the draft resolution is available on the Open NLA portal and on the Agency’s official website.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-06-11
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan drafts rule changes to simplify opening foreign banks and their branches
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has drafted a resolution to amend regulatory acts affecting financial organisations and repeal certain existing acts. The draft aims to implement recent legislative changes, easing requirements for foreign banks and branches in Kazakhstan. It also seeks to optimise document submission and align procedures with Kazakhstan's laws on Public Services and Informatization.