Legal Department

Key Functions of the Department:

1) promoting the rule of law and ensuring that the Agency’s regulatory legal acts comply with the legislation of the Republic of Kazakhstan;

2) using legal instruments to improve the financial system of the Republic of Kazakhstan, including currency regulation and supervision, as well as the procedures for payments and money transfers within the Republic of Kazakhstan;

3) raising legal awareness and explaining the legislation of the Republic of Kazakhstan, as well as organising legal training within the Agency, including lectures delivered as part of seminars for Agency employees;

4) providing legal support for licensing procedures in the financial market, the activities of credit bureaus and actuaries, issuing or revoking permits to establish financial institutions, approving the appointment (or election) of senior executives of financial institutions, and granting the status of a major shareholder of a financial institution or a banking (insurance) holding company;

5) analysing and improving the Agency’s regulatory activities.