KAZAKHSTAN: KASE Announces Amendments to the Listing Rules

Tuesday June 23 2026

On 22^nd June 2026, Kazakhstan Stock Exchange (KASE) announced amendments to its internal document, Listing Rules, aimed to update listing procedures and requirements. The Amendments provide for the following:

1. For currently listed companies on the “Main” and “Private Placement” markets, requirements for the set of financial statements provided for by Article 9 of the Listing Rules shall not apply, provided that the following conditions are simultaneously met:

• ​as of the date of application for the listing of securities, other securities of this issuer must be included in KASE’s official list;
• no more than 12 months have passed from the listing date of the last issue of securities of this issuer to the application date for the listing of securities;
• as of the date of application for the listing of securities, no violations of the terms or deadlines for disclosing financial statements established by KASE’s internal documents have been recorded in respect of this issuer over the past 12 months (including the absence of instances during this period where the Management Board of KASE granted an extension for its submission or allowed for non-compliance with the submission requirement);
• ​for financial organizations – as of the date of application for the listing of securities, no violations regarding compliance with prudential requirements, as well as other rules and limits established by the authorized body, have been recorded over the past 12 months.

​New issuers whose securities are not included/admitted to trading in KASE’s official list, as well as listed companies that do not meet the specified conditions, are required to submit a full set of financial statements, taking into account the market and the listing date, specifically:

• ​annual financial statements accompanied by an auditor’s report;
• ​interim financial statements accompanied by an auditor’s report or a review report thereon;
• unaudited annual or interim financial statements;

2. To admit to the “Private Placement” market not only corporate bonds subject to private placement issued in accordance with the requirements of the law on the securities market, but also other bonds subject to private placement issued in accordance with other legislation;
3. To increase the maturity of foreign government securities for inclusion in the “Government Securities” sector from at least 90 calendar days as of the listing application date to 100 calendar days.

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