SSK of Kazakhstan has changed requests to ownership capital of custodians

/IRBIS, March 15, 00/ - Decree #67 of the National Securities Commission of Kazakhstan (SSK) of February 26, 2000 has changes the minimal level of custodian's ownership capital. This parameter is established to be not less than 2 billion tenges. The organizations having the custodial licenses are obliged to adjust their capitals to the below mentioned levels in the following terms: - Not less than 1.5 billion tenges - before October 01, 2000; - Not less than 2 billion tenges - before April 01, 2001. The decree comes into effect from the date of registration by the Ministry of Justice of Kazakhstan that is since March 09, 2000. Before the castodians' ownership capital was established by the decree #113 of SSK of July 30, 1997 as 1,250,000 of specified rates and than has been increased by the decree #191 of SSK of November 11, 1997 to 1 billion tenges.