/REPEAT/ KASE's Board of Directors approves amendments to Listing Rules

12.11.18 10:58
/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]