Article 2. Legal regulation of the Development Bank's activities under the Law on the Development Bank of Kazakhstan

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1. The legislation on the Development Bank of Kazakhstan is based on the Constitution of the Republic of Kazakhstan and consists of this Law and other regulatory legal acts.

2. The legislation of the Republic of Kazakhstan regulating the activities of joint-stock companies, banking and other licensed activities applies to the Development Bank to the extent not regulated by this Law and the Law of the Republic of Kazakhstan "On State Property".

3. The investment priorities of the Development Bank, quantitative restrictions on the attraction of borrowed funds, limits, directions, possible conditions, procedure and terms of lending, placement of equity, co-financing, provision of guarantees, performance of attorney (agent) functions, export operations, provision of subsidized loans and restructuring are established by the Memorandum.

The Law of the Republic of Kazakhstan dated April 25, 2001 No. 178.

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