AFN of Kazakhstan gave a description of the republic's corporate securities market as of October 1

/IRBIS, Assel Omarova, October 19, 04/ - Kazakhstan agency for regulation and supervision of financial market and financial organizations (AFN) issued press-release dedicated to situation on financial market of Kazakhstan. Following is description of the corporate securities market in September of 2004 (all figures are given on the mentioned date unless otherwise indicated). AFN informs that as of October 1 of 2004 there were 2,809 joint-stock companies with acting emissions of shares registered on Kazakhstan. There were 55 broker-dealers, 18 registers, 10 banks-custodians, 9 organizations conducting investment management of pension assets (PAIMC), and 13 organizations controlling securities portfolios operating on the market. In September of 2004 there were 31 share and 5 bond emissions registered for a total of KZT 14.5 bn. In total of 63 emissions of shares canceled. As of October 1, 2004, there were 3,263 share and 92 corporate bond emissions outstanding with a total nominal value of KZT 324.6 bn. In September growth in number of emissions admitted to trades at KASE has continued. Within the mentioned period 2 new emissions were included in KASE's official "A" listing category, bonds of Bank CenterCredit JSC (hereafter - notes of IRBIS). Official "B" listing category registered decrease of 2 emissions of shares (PetroKazakhstan Oil Products JSC). The message says that in September AFN's Board approved several resolutions concerning securities market activity: - "Prudential normative for companies engaged into broker dealer activity on the securities market, their estimation methodology and reporting standards"; - "Prudential normative for companies engaged into register maintenance activity of securities holders, their estimation methodology and reporting standards"; - "Prudential normative for companies engaged into investment portfolio managing activity, estimation methodology and reporting standards"; - "On bodies of central depository, their functions and activity, formation and decision making activity"; - "On participation of the central depository in creation and activity of legal entities" - "Cancellation of "several resolutions of the National Bank of Kazakhstan concerning daily electronic reporting to legal entities possessing pension assets investment management licenses" - Amendments and modifications into resolution of the National Securities Commission of Kazakhstan "Approval of Rules for licensing of portfolio management activity, Instructions on calculation and application of prudential norms for companies engaged in securities portfolio management" #7, dated June 12, 1998, and registered in the Ministry of Justice under #530 number; - Cancellation of resolution #777 dated February 15, 2004 issued by the Directorate of the National Securities Commission of Kazakhstan "Government registration of emission of bonds issued by international financial organizations", registered by the Ministry of Justice under #1436. [2004-10-19]