/KASE, June 19, 08/ - Kazakhstan Stock Exchange (KASE) published today on
its Internet site the letter of the Agency of the Republic of Kazakhstan on
Regulation of Activities of the Regional Financial Center of Almaty (ARA RFCA)
# 02.1-14/707 of June 18, 2008, explaining application of certain provisions of
the ARA RFCA Chairman Order # 04.2-09/78 "On Approval of Qualification
Requirements for Auditing Organizations for Admittance of Financial Instruments
to the Special Trading Floor of the Regional Financial Center of Almaty" of April
3, 2008 (Order).
In this letter is stated that in compliance with article 5 of the Law of the
Republic of Kazakhstan "On Private Entrepreneurship" time-frame of a legislative
act enactment, concerning private entrepreneurship interests, must be established
based on the time-frame, necessary for a private entrepreneurship subject to
prepare for performance due to new requirements.
In this connection, sub-item 3) of item 2 of the Order is establishes that
auditing organizations submit to ARA RFCA document for compliance with
qualification requirements from September 1, 2008. This norm is applicable
exclusively to auditing organization, previously received positive conclusions of
ARA RFCA on compliance with qualification requirements of ARA RFCA Chairman Order
# 9 " On Approval of Qualification Requirements for Auditing Organizations for
Admittance of Financial Instruments to the Special Trading Floor of the Regional
Financial Center of Almaty" of September 8, 2006.
Before September 1, 2008, an audit of financial instruments issuers for
admittance to the Special Trading Floor of the Regional Financial Center of
Almaty (STF RFCA) is implemented by auditing organizations, previously
received positive conclusions of ARA RFCA on compliance with qualification
requirements of ARA RFCA Chairman Order # 9 of September 8, 2006 and, and
auditing organization, received positive conclusions of ARA RFCA on compliance
with qualification requirements, approved by the Order.
From September 1, 2008, an audit of financial instruments issuers for
admittance to STF RFCA shall be implemented exclusively by auditing
organizations, received positive conclusions on compliance to qualification
requirements, approved by the Order.
The letter of ARA RFCA of June 18, 2008 # 02.1-14/707 is available at
http://www.kase.kz/files/mix/rfca_180608.pdf
[2008-06-19]