Kazakhstan Stock Exchange along with its executives drawn to administrative responsibility

20.03.14, 17:55
/KASE, March 20, 14/ – Kazakhstan Stock Exchange (hereinafter – the Exchange) notifies you that by resolutions of the National Bank of the Republic of Kazakhstan on imposing of administrative sanction on the proceeding on administrative violation of March 14, 2014 the Exchange and its executives were imposed the following administrative sanctions in form of penalties whose total amount made up 1,100 monthly calculation indices. Sanctions were imposed for violations provided for in: - part 1 article 168-2 of Kazakhstan's Administrative Violations Code (hereinafter – the Code) for provision by the Exchange of unreliable accounts to the authorized body; - part 1 article 193 of the code for provision by the Exchange of unreliable accounts to the authorized body; - article 199 of the Code for the Exchange's failure to meet requirements for the procedure and terms of disclosure of information on its operations set by laws of the Republic of Kazakhstan. The Exchange takes measures to strengthen the control of drawing up and submission to the authorized body of accounts stipulated by laws of the Republic of Kazakhstan. [2014-03-20]