/KASE, September 8, 2022/ – By a decision of the Board of Directors of Kazakhstan
Stock Exchange (KASE, or the Exchange) dated September 6, 2022, the following
amendments were approved:
- changes and additions No. 5 to the Listing Rules;
- change and addition No. 3 to the Rules for determining the amount, deadlines
and procedure for payment of listing fees (the Rules).
These amendments will come into effect on September 12, 2022.
The amendments were made in order to bring the Listing Rules and Rules in line
with the changes and additions to the Act of the Republic of Kazakhstan "On the
Securities Market" and provide for the following:
- the procedure for obtaining a preliminary opinion of the Exchange will not be
mandatory, but at the request of the issuer, while the conditions and
procedure for issuing a preliminary opinion have not changed;
- upon receipt of a preliminary opinion, the inclusion in the draft prospectus
of the issuer's non-government bonds of additional restrictions recommended
by the Listing Commission and published on the Exchange's official website is
advisory in nature;
- the conditions and procedure for issuing ESG bonds have been changed;
- it was determined that the availability of a corporate governance code
approved by the issuer's body authorized to approve such a document is now
mandatory for all issuers, if the availability of such a document is mandatory
in accordance with the legislation of the country of registration of the
issuer as a legal entity;
- other editorial and procedural clarifications have been made.
The updated texts of the Listing Rules and the Rules will be published on KASE
website at
https://kase.kz/en/kase_rules/ ("Listing" tab).
[2022-09-08]