SCPF was included in the members of KASE

/IRBIS, Aug. 13, 99/ - By the decision of KASE Council the State Commutative Pension Fund (SCPF) was included from August 13 in the members of stock exchange under "K" category (with the right of trade by state securities). The SCPF necessity to be a KASE member is dictated by existence of the license for broker and dealer activity on the stock market, which was given to fund by the National Securities Commission Kazakhstan (NSC) at August 11. As it was informed earlier, after the National Bank denial of management of SCPF assets, the fund will be the independent investor of the entrusted to it pension contributions. According to the existing legislation, all transactions for state securities made by SCPF should be conducted only in the organized market.