Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan updates liquidation commission reporting forms and submission timelines for banks and nonresident bank branches

The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has adopted amendments to its framework governing the reporting forms, supplementary information, and submission timelines and frequency used by liquidation commissions for banks undergoing voluntary or compulsory liquidation and for branches of nonresident banks whose activities are terminated on a voluntary or compulsory basis. The changes introduce a single submission deadline for reporting to the authorised body, regardless of whether a bank’s liquidation commission has regional branches or subdivisions. The reporting templates are also updated to replace the authorised body’s website reference from www.finreg.kz to www.gov.kz/memleket/entities/ardfm. In addition, the report on a liquidating bank’s off-balance sheet accounts is removed on the basis that the information does not affect the liquidation process in a way that requires the Agency’s oversight. The report on the status of a liquidating bank’s own property is split into two forms by separating out leasing-related information and adding a new report dedicated to leased property, intended to improve usability and strengthen oversight of liquidation commissions’ leasing activities. The amendments enter into force on 17 March 2025.