AFS of Kazakhstan characterized the republic's securities market as of February 1, 2009

/IRBIS, February 24, 09/ - Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) in its scheduled press-release dedicated to the condition of the republic's financial market and financial organizations characterized Kazakhstan securities market as of February 1, 2009. Quotation start On the market of corporate securities, the number of joint-stock companies with acting share issues in Kazakhstan was 2,227 enterprises, as of February 1, 2009. Also, the following entities acted at securities market: 100 brokers and dealers, 14 registrars, 11 banks-custodians, 13 pension assets investment management organizations (PAIMO), 64 organizations controlling securities portfolios, and 4 transfer-agents. In January 2009, 45 share issues (including those to which amendments and the changes of government registration certificates were made) were registered. Also, in January 2009, 1 independent bonds` issues were registered, with total face value KZT480 bn. The number of paid bonds issues in 2009 made 3 issues at KZT41.0 bn. As of February 1, 2009, there were 344 valid non- government circulating bond issues with total nominal value of KZT2,578.2 bn. The number of mutual funds functioning on securities market as of February 1, 2009 was 195 (149 closed funds, 21 open and 25 interval fund). For the reporting period 1 joint stock investment funds was closed, thus there are 53 joint stock investment funds are functioning on the market. As of February 1, 2009, the amount of issues of the corporate securities by the Kazakhstan issuers included in the KASE official list totaled: 251 issues - under category of debt securities, 98 issues - under shares category and 1 issue - under category of Investment funds securities. During the period from August 1, 2008 through February 1, 2009 the issuers defaulted on interest payments on 6 bonds issue, of which on coupon bonds of REMIX-R JSC in January 2009. At the same time, debt on coupon bond of ROSA JSC is paid on January 16, 2009 and debt on coupon bond of Transstroimost JSC is paid partially on January 26, 2009. In this regard, January 2009 the Agency adopted the following resolutions on suspension of coupon bonds offering due to non-execution of obligations on early offered coupon bonds interest: 1. resolution # 12 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations dated January 26, 2009 "On suspension of unsecured coupon bonds offering of Almaty distillery plant JSC"; 2. resolution # 13 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations dated January 26, 2009 "On suspension of unsecured coupon bonds offering of REMIX-R JSC"; 3. resolution # 14 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations dated January 26, 2009 "On suspension of unsecured coupon bonds offering of Kazakhstan investment and development company JSC". For non-execution of separate norms of the acting legislation of Republic of Kazakhstan on securities market, 10 written directions, 3letter-liabilities and 1 written agreement were demanded from professional participants of security market. In January 2009 the Board of the Agency adopted the list of Resolutions on regulating the activity of securities market participants: - "On including changes and additions into separate normative acts on securities market issues"; - "On including changes and additions into separate normative acts of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations on licensing activity on security market and agreements of leading employees"; - "On including changes and additions into the Resolution # 61 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, dated February 25, 2006 "On establishing the Rules of security market professional participants registration, which providing the service of nominal holding, deals with securities, filling and issuing the extract from the personal account of securities holders and releasing the information to nominal holders"; - "On including changes and additions into the Resolution # 62 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, dated February 25, 2006 "On establishing the Rules on maintain the securities holders register system"; - "On establishing the Rules on activity of Central Securities Depositary"' - "On including changes and additions into the Resolution # 77 of the Board of the Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations, dated May 26, 2008 "On requirements to issuers and their securities, admitted to circulation on stock exchange and separate categories of the list of the Exchange"; - "On establishing the model contract on the single personal account system". Quotation end [2009-02-24]