Issuing a permit for the creation or acquisition of a subsidiary by a Bank and (or) a Bank holding company and (or) a significant participation of the Bank and (or) a Bank holding company in the authorized capital of organizations
Description and requirements for obtaining the document:
Issuing a permit for the creation or acquisition of a subsidiary by a Bank and (or) a Bank holding company and (or) a significant participation of the Bank and (or) a Bank holding company in the authorized capital of organizations
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Issuing a permit for the creation or acquisition of a subsidiary by a Bank and (or) a Bank holding company and (or) a significant participation of the Bank and (or) a Bank holding company in the authorized capital of organizations
Issuing a permit for the creation or acquisition of a subsidiary by a Bank and (or) a Bank holding company and (or) a significant participation of the Bank and (or) a Bank holding company in the authorized capital of organizations
Issuing Authority:
Агентство Республики Казахстан по регулированию и развитию финансового рынка
Additional Approvals:
Not Required
National tax:
0 Monthly Calculation Index (0 tenge)
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Selected document:Issuing a permit for the creation or acquisition of a subsidiary by a Bank and (or) a Bank holding company and (or) a significant participation of the Bank and (or) a Bank holding company in the authorized capital of organizations
Are you a resident of the Republic of Kazakhstan?
Processing time:
1
Step 1. Preliminary verification of documents (the personal meeting with the UPPERLICENSE team is obligatory)
List of documents
Information about senior employees of the subsidiary
Other documents on the basis of which it is proposed to acquire control or confirming control over a subsidiary with an indication of the reason for the occurrence of control
Decision of the authorized body of the Bank to create or acquire a subsidiary
Information based on the analysis of the legislation of the country of location subsidiaries the absence of circumstances suggesting the impossibility of consolidated supervision of banking conglomerate due to the fact that the legislation of the country of domicile of the members of the banking conglomerate – non-residents of the Republic of Kazakhstan makes it impossible to execute them and Bank conglomerate provided by the legislative acts of the Republic of Kazakhstan of requirements
Data on the legal entity, through the acquisition of a share in the authorized capital or shares of which the Bank and (or) the Bank holding company acquires a subsidiary
Report of the audit organization and financial statements of the acquired subsidiary, certified by the audit organization
A copy of the document confirming payment for public service
constituent documents of a subsidiary, if they are not available on the Internet resource of the financial reporting Depository or if they can be obtained by the authorized body through the e-government web portal
information about affiliates (if there is no information on the Internet resource of the financial reporting Depository)
the business plan of a subsidiary, the requirements for which are determined by a regulatory legal act of the authorized body
Term of Registration:
2
work days
Result:No - UPPERLICENSE recommendations for Step No 2.Preliminary verification of documents is undergone
Yes - the client is served by the UPPERLICENSE company and-> transition to the Step 2.
2
Step 2. Submission of documents on notification of the authorized body (personal presence is not required)
List of documents
Electronic application form
Term of Registration:
50
work days
Result:The documents are under consideration by the authorized body.
3
Step 3. Receipt of the original set of documents (personal presence is not required)*
List of documents
* Power of attorney / Electronically digital signature (when applicable)
Term of Registration:
1
work day
Result:Original of permission.
Service Cost:5 000 000 tenge
Pre-Payment:3 500 000 tenge (70% from the sum)
2 payment:1 500 000 tenge (30% from the sum)
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