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

/IRBIS, June 20, 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 June 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 2,210 enterprises, as of June 1, 2008. Also, the following entities acted at securities market: 82 brokers and dealers (without participation of second tier banks), 15 registrars, 11 banks- custodians, 14 pension assets investment management organizations (PAIMO), 67 organizations controlling securities portfolios, and 3 transfer- agents. Over May 2008, there were registered 59 share issues (including those to which amendments and the changes of government registration certificates were made). Also, in May, 2008, 1 bonds' issue was registered, with total face value KZT0.9 bn., 1 issues of bonds in the limits of bond programs for amount of KZT10.0 bn. As of June 1, 2008, there were 307 valid non-government circulating bond issues with total nominal value of KZT1,635.8 bn. Amount of paid issues of bonds in May, 2008 made 1 issues for amount of KZT5.0 bn. The number of mutual funds functioning on securities market as of June 1, 2008 was 188 (148 closed funds, 20 open and 20 interval fund). For the reporting period there was 1 registered joint stock investment funds, thus on the market are also functioning 44 joint stock investment funds. As of June 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 May, 2008 for non-execution of some norms of the acting legislation of RK about securities market, 2 written notifications and 1 written liability were addressed to the professional participants of securities market and 1 written liability to accumulated pension funds. By the Board of Agency with the aim of further development of regulative and oversight functions for professional participants' activity four decisions were made: - "About demands to issuers and their securities, admitted to circulation on Stock Exchange and also to separate categories of Stock Exchange's list"; - "About inclusion of changes and additions in resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated March 26, 2005 # 110 about establishment the of rules of admitting of deals with securities as concluded with the aim of price manipulation"; - "About inclusion of changes and additions in resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated November 27, 2004 # 328 about establishment the of rules of providing statement of managing investment portfolio"; - "About inclusion of changes and additions in resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated October 27, 2006 # 225 about establishment the of rules on conducting activity on investment management of pension assets" End of quotation [2008-06-20]