OBS_VALUE: Only foreign banks that reach certain threshold of rating set by the RK financial sector regulator can be authorised to open a local subsidiary or open a branch. Such rating must be established by a major international rating agency. Also, to obtain permission to open a bank, non-resident founder of the bank must provide a written notification of the banking supervisory authority of its home State that the founding company has the right to own shares in the bank domiciled in the RK, or a declaration that such permission is not required by the legislation of the said State. To obtain consent for acquisition of more than 10% or 25% shareholding stake in the RK bank, non-resident participant must present additional documents from its home State's financial regulator. Moreover, only parent banks that reach a certain threshold of rating established by the major rating agencies can receive an authorisation to open a locally established subsidiary.  