/KASE, August 21, 2024/ – The Ministry of Finance of the Republic of
Kazakhstan published the following news on its website:
quote
The Ministry of Finance of the Republic of Kazakhstan announces the start of
procedures for introducing the institute of primary dealers in the government
securities market from September 1 of this year. These procedures will include
determining the list of primary dealers, as well as the format for the
functioning of the system and the development of the necessary documents.
The institute of primary dealers performs key functions aimed at ensuring the
stability and efficiency of the government securities market. The tasks of
primary dealers cover a wide range of activities from active participation in
primary auctions for the sale of government securities to maintaining secondary
market liquidity.
One of the most important goals is to create a sustainable basis for financing
the republican budget by allowing investors to freely purchase and sell
government securities, as well as increasing the transparency and liquidity of
the secondary market.
At the same time, the introduction of the institute of primary dealers will
significantly accelerate the development of the domestic government securities
market, creating a more dynamic and liquid trading environment. These
measures will strengthen investor confidence and lead to sustainable growth and
development of the domestic government securities market.
unquote
This information is published on:
- www.gov.kz/memleket/entities/minfin/press/news/details/830883?lang=kk – in
Qazaq;
-
https://www.gov.kz/memleket/entities/minfin/press/news/details/830883?lang=ru
– in Russian.
[2024-08-21]