On 15th October 2021, Kazakhstan Stock Exchange (KASE) for Regulation and Development of the Financial Market has provided with the following:
The Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market issued a resolution No. 96 of the Agency’s Board “On Amendments and Additions to Certain Regulatory Legal Acts of the Republic of Kazakhstan on the Development of the Securities Market”.
As part of promoting the principles of sustainable financing in the securities market, the Resolution provides for the procedure for issuing green, social, investment bonds, sustainable development bonds, as well as bonds related to sustainable development.
In addition, the Resolution provides for:
- simplification of regulatory requirements for state registration of a bond issue with a circulation period of no more than 12 (twelve) months;
- reduction of the structure of the private memorandum when issuing bonds subject to private placement;
- transfer of the provision of state services for state registration of the issue of shares of a unit investment trust into electronic format;
- bringing regulatory legal acts in line with the new provisions of the administrative Procedure Code of the Republic of Kazakhstan.
The resolution is registered with the Ministry of Justice of the Republic of Kazakhstan and published in the Reference Control Bank of Regulatory Legal Acts of the Republic of Kazakhstan.
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