AFS assigned Fund of sustainable development Kazyna JSC (Kazakhstan) the status of financial agency

/IRBIS, September 2, 08/ - Data message, dated August 29, 2008 was published on official website of Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations: Quotation start August 22, 2008 the Board of Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations adopted the resolution "On assignment Fund of sustainable development Kazyna JSC the status of financial agency". Quotation end According to Law "On security market", dated July 2, 2003 financial agency is the bank or organization, conducting separate types of banking transactions and authorized in compliance with Legislation of Kazakhstan republic for realization of state investment policy in definite sphere of economy and conducting with these aims borrowings on financial market of Kazakhstan republic and (or) international financial market. Bonds issued by financial agency both inside and outside the country, are agential. In compliance with Tax Legislation of Kazakhstan republic, the yield from agential bonds transactions are not charged income tax at the source of payment, what considerably increases their force of attraction for potential holders. [2008-09-02]