/KASE, November 12, 2018, November 9, 2018 news repeat/ – Following a decision
of the Board of Directors of Kazakhstan Stock Exchange (KASE) dated November 7,
2018 amendments No. 5 (the amendments) to KASE internal document "Listing Rules"
were approved.
Said amendments are put into effect as of November 12, 2018 except for norms,
related to the use of the national identification No. and confirmation of the
availability of the code Legal Entity Identifier (LEI), which will be effective
as of January 1, 2019.
Said amendments were made for purposes of:
1) for purposes of aligning with amendments made by the act No. 156-VI of the
Republic of Kazakhstan "On making amendments to some legal acts of the
Republic of Kazakhstan on issues of improving the regulation of entrepreneurial
activities" dated May 24, 2018 to the Entrepreneurial code of the Republic of
Kazakhstan (amendments are related to the ban on requesting the seal impression
on documents of legal entities – subjects of individual entrepreneurship);
2) excluding the requirement for provision of the national identification number
assigned to the securities, due to the fact that as of January 1, 2019 the
indicated number will be annulled, an securities issued under laws of the
Republic of Kazakhstan will be assigned only the international identification
number;
3) supplementing the list of stock exchanges recognized for purposes of
applying the simplified listing procedure to securities quoted in the
official list of such exchanges as Astana International Exchange;
4) making procedure specifications resulting from the possibility of inclusion
of the Exchange's securities in its official list;
5) supplementing the requirement for the availability of a corporate governance
code for issuers – joint-stock companies, for inclusion of securities in the
floor "Alternative" and their quotation there;
6) supplementing the requirement for confirmation of the availability of the
code Legal Entity Identifier (LEI) for purposes of switching to international
practice, where the availability of that code is mandatory;
7) making procedure and editorial specifications due to the introduction of the
definition "ETF" and supplementing the requirement for the availability of a
market-maker for ETF securities;
8) making other procedure and editorial specifications.
The updated text of the Listing Rules will be released on KASE website at
http://kase.kz/files/normative_base/listing_rules_eng.pdf
[2018-11-12]