/KASE, August 3, 15/ – Following a decision of Kazakhstan Stock Exchange
(KASE) Board of Directors of July 30, 2015 changes No. 4 to KASE internal
document "Regulations on Listing Commission" (Regulations) were approved.
The said changes will be sent to the National Bank of Republic of Kazakhstan
and made effective after agreeing with the authorized body.
The said changes were made for purposes of aligning the Regulations with:
1. with norms of resolution No. 195 of Management Board of the Agency of
the Republic of Kazakhstan for Regulation and Supervision of Financial
Market and Financial Organizations "On requirements for the organizational
structure and composition of the Listing Commission of the Stock Exchange,
and on approval of the Rules of carrying out of activities of the structural
unit of the trades operator, executing surveillance of deals being executed
in the trades operator's trading system" No. 56 dated April 24, 2015;
2. with the new edition of the Exchange's charter approved by the decision of
the general meeting of the Exchange's shareholders (minutes No. 26 of
May 15, 2015).
The said changes provide for:
- reducing the minimum number of members of the Listing Commission from
nine to seven persons;
- exclusion of the representative of the Exchange's major shareholder from
the Listing Commission composition.
In addition, editorial and procedural clarifications were introduced to the
Regulations.
The revised text of the Regulations will be published on KASE website at
http://www.kase.kz/files/normative_base/listing_com_eng.pdf after agreeing with
the authorized body.
[2015-08-03]