KAZAKHSTAN: KASE Publishes Amendments to Listing Rules

Tuesday January 21 2020

On 21^st January 2020, the Kazakhstan Stock Exchange (KASE) published amendments to the Listing Rules, which were put into effect on 1^st January 2020, by the decision of the Board of Directors of KASE.

The following amendments have been made:

– Due to the transfer of the functions of the National Bank of Kazakhstan related to the regulation, control and supervision of the financial market and financial organizations to the Financial Market Regulatory and Development Agency as of January 1, 2020;

– To bring the Rules into compliance with the “Requirements for Issuers and Their Securities being Admitted (that have been admitted) to Trading on the Stock Exchange and also for Separate Categories of Stock Exchange’s List” approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan No. 54 dated March 27, 2017

– To introduce procedures related to the change in the issuer’s name when the authorized body registers changes to the prospectus of issue of corporate securities that envisage the change of the issuer’s name;

– In order not to apply the requirement on the availability of a market maker during the period when bonds are listed in the “Debt Securities” sector under the category “Buffer category” of the main market.

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