KASE Board of Directors approves amendments to Regulations on Exchange Board of Directors Committee on Financial Statements and Audit of Issuers

03.08.15 16:56
/KASE, August 3, 15/ – Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors of July 30, 2015 changes and additions No. 4 (Amendments) to KASE internal document "Regulations on Exchange Board of Directors Committee on Financial statements and Audit of Issuers" (Regulations) were approved. The said Amendments will be submitted for agreeing to the National Bank of Republic of Kazakhstan and made effective after agreeing with the authorized body. The Amendments were made for purposes of aligning the text of the Regulations with: 1) norms of resolution No. 56 of Management Board of the National Bank of Republic of Kazakhstan "On making changes to resolution No. 195 of the Agency of the Republic of Kazakhstan for Regulation and Supervision of Financial Market and Financial Organizations dated November 28, 2008 "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" dated April 24, 2015; 2) norms of resolution No. 243of Management Board of the National Bank of Republic of Kazakhstan "On approval of qualification requirements for auditing organizations for admission of financial instruments to the special trading floor of the regional financial center of Almaty" dated December 24, 2014; 3) 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 amendments provide for: - exclusion of the representative of the Exchange's major shareholder from the Exchange Board of Directors Committee on Financial Statements and Audit of Issuers; - qualification requirements for au