The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has developed draft laws to establish a legal framework for credit rating agencies and to amend existing legislation on rating activities. The drafts are positioned as part of the implementation of Kazakhstan’s financial sector development concept through 2030, including measures to create conditions for establishing local rating agencies and to define an optimal regime for their regulation and supervision. The proposals also set requirements on conflict of interest management, information disclosure and corporate governance for credit rating agencies, and would define the powers of the authority responsible for overseeing their activities. The full texts have been published on the “Open NPA” portal and on the Agency’s website under the “Regulatory legal framework” section.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-03-31
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan prepares draft laws to regulate credit rating agencies
The Agency for Regulation and Development of the Financial Market of Kazakhstan has drafted laws to establish a legal framework for credit rating agencies and amend existing legislation. These drafts aim to support Kazakhstan’s financial sector development through 2030 by creating conditions for local rating agencies and defining their regulation and supervision. The proposals include requirements for conflict of interest management, information disclosure, and corporate governance.