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In January 2021, the following changes in personal data rules were adopted.
Now, companies are obliged to
notify the Ministry of Digital Development, Innovations and Aerospace Industry about any incidents of information security related to illegal access to personal data
1. The General Data Protection Regulation (
GDPR) has an identical requirement.
The “localization rule” is clarified: Storage of personal data in electronic databases should be carried out in a
server room on the territory of Kazakhstan
A new function of the National Security Committee’s State Technical Service:
inspection of personal data security. Companies are required to provide access to the Service for conducting an inspection.
Moreover, now applications and other documents should be submitted only in electronic form. These measures will simplify the procedure for collecting documents and submitting applications and will help to protect the rights of trademark owners.
The above changes will become effective on January 17, 2021.
The second change concerns Kazakh wine trademarks and names in advertisements. Starting from January 11, 2021,
it is possible to advertise trademarks and (or) names of wine that have been produced in Kazakhstan
Alcohol advertisements remain prohibited in Kazakhstan; but now it is permissible to advertise Kazakh wine as a brand, though not as an individual product. The advertisements should be placed only in Kazakh media: TV and radio channels, periodicals (except for children’ and religious ones), and at night only. In terms of advertising content, there are a number of strict requirements related to the ban on using minors in advertising, and the promotion of consumption or o
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As of January 16, 2020, it will be possible to carry out a private placement of non-sovereign bonds in Kazakhstan, i.e., it shall be possible to offer bonds to a limited number of investors.
In principle, an issuer of non-sovereign bonds has had the right to offer bonds to particular investors in Kazakhstan prior to these amendments (e.g., by means of subscription carried out on a stock exchange). However, it is reasonable to expect that the new concept of private placement will entail less burdensome requirements for issuance.