License of CONSORTIUM Ltd is withdrawn by NSC
09.12.99 00:00
/IRBIS, Dec.09, 99/ - By the resolution of the National Securities Commission
(NSC) of Kazakhstan #509 dated December 09, 1999, the license
#13030115 of July 14, 1997 to engage in brokerage and dealing activities in
the stock market without the right to handle clients' accounts as a nominal
holder of CONSORTIUM LTD (Aktau, code KONS) is withdrawn.
The decision is accepted in connection with infringement by the company the
requirements of the NSC resolution "About voluntary suspending of the
activity on the securities market" #160 of October 07, 1998 and the decree
#293 of the government of Kazakhstan about the brokerage and dealing
activities and on the base of the law of Kazakhstan "About the Stock Market"
of March 05, 1997.
According to NSC, on June 08, 1999 the license was suspended up to 30
days, than the suspending term was prolonged.