NSC of Kazakhstan has ratified some KASE internal normative documents in a new edition

/IRBIS, Nov.03, 99/ - Management of the National Securities Commission of Kazakhstan (NSC) by the decree #462 of October 26, 1999 has ratified some KASE internal normative documents in a new redaction. The changes and additions are introduced in the Rules of exchange trade on the basis of: - rules of organizers of securities trades, which were authorized by the NSC decree #19 from December 23, 1998; - NSC decree #28 of April 09, 1999. A list of concepts from a general part of the rules is extended; the order of distribution of KASE's information is regulated; the cases of obligatory trades canceling are established. The concept "Initiator of the admission" is entered into the Listing Rule. The list of securities admitted to trade without a listing procedure is complemented. According to the Rules of the organizers of securities trades, the requirements to the KASE-listed companies are specified. The reason of a delisting are extended. Henceforth delisting will be made in cases: - recognition of issue as not holding; - if annual volume of trades in the shares is smaller, than 0.5% from the sum of issue; - absence of market makers. The order of a voluntary delisting is reconsidered. The order of a listing commission formation by is simplified. The order of the first trades opening is reconsidered.