From May 28 amendments to Listing Rules to be put into effect

28.05.20, 15:18
/KASE, May 28, 2020/ – Following a decision of the Board of Directors of Kazakhstan Stock Exchange (KASE) dated May 27, 2020 changes and additions No. 14 (amendments) to KASE's internal documents "Listing Rules" were approved, with effect from May 28, 2020. Said amendments: - specify the liability of KASE and the admittance initiator when the admittance initiator provides information for purposes of inclusion and presence of the issuer's securities in KASE's official list; - clarify requirements for the inclusion of debt securities, for which there is an unconditional and irrevocable guarantee of a third party; - exclude the mandatory requirement for a market-maker for securities issued by local executive bodies; - it was established that insider information about a listed company and its securities, the disclosure of which will affect the change in their value and the activities of this listed company, is subject to disclosure by the listed company before trading in these securities begins; - clarify the requirements for disclosure by listed companies in the annual report of information on the amount of the main remuneration and bonuses of members of the Board of Directors (executive body). Besides, procedural and editorial amendments were made to the Listing Rules. The updated text of the Listing Rules will be published on KASE website at http://kase.kz/files/normative_base/listing_rules_eng.pdf [2020-05-28]