AFS of Kazakhstan characterized the republic's securities market as of May 1, 2008

/IRBIS, May 22, 08/ - Kazakhstan agency for financial market and financial organizations regulation and supervision (AFS) in its scheduled press- release dedicated to the condition of the republic's financial market gives information about development of Kazakhstan securities market as of May 1, 2008 of the current year. Beginning of quotation On the market of corporate securities, the number of joint-stock companies with acting share issues in Kazakhstan was 2,213 enterprises, as of May 1, 2008. Also, the following entities acted at securities market: 81 brokers and dealers (without participation of second tier banks), 15 registrars, 11 banks- custodians, 13 pension assets investment management organizations (PAIMO), 65 organizations controlling securities portfolios, and 3 transfer- agents. Over April 2008, there were registered 74 share issues (including those to which amendments and the changes of government registration certificates were made). There were 5 paid shares issues in April. Also, in April, 2008, 2 bonds' issues were registered, with total face value KZT3.3 bn., 1 bond programs with total face value of KZT100.0 bn. and also 9 issues of bonds in the limits of bond programs for amount of KZT117.9 bn. As of May 1, 2008, there were 306 valid non-government circulating bond issues with total nominal value of KZT1,620.9 bn. Amount of paid issues of bonds in April, 2008 made 4 issues for amount of KZT8.0 bn. The number of mutual funds functioning on securities market as of May 1, 2008 was 188 (149 closed funds, 19 open and 20 interval fund). For the reporting period there were no registered joint stock investment funds, thus on the market are also functioning 43 joint stock investment funds. As of May 1, 2008, the amount of issues of the non-government securities by the Kazakhstan issuers included in the KASE's list totaled: 252 issues - under category "A"; and 77 issues - under category "B". In April, 2008 for non-execution of some norms of the acting legislation of RK about securities market, 26 written notifications and 1 written liability were addressed to the professional participants of securities market and 4 written notification to accumulated pension funds. By the Board of Agency with the aim of further development of regulative and oversight functions for professional participants' activity two decisions ere made: - "About approving of rules of calculating prudent normative for organizations, conducting broker and dealer activity with the right to rule client's accounts as a nominal holder and separate types of bank operations and inclusion of changes and additions in several normative and legal acts of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations". - "About inclusion of changes and additions in bill of resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated June 17, 2006 # 142 about establishment the of rules of providing statement on conducting of prudent normative by organization, conducting broker and dealer activity with the right to rule client's accounts as a nominal holder and separate types of bank operations". End of quotation [2008-05-22]