OREANDA-NEWS. March 10, 2009. From February 2009 Kazakhstan Stock Exchange (KASE) moved to the simplified form of conclusion on securities, intended for inclusion to the official list of KASE or the Special Trading Floor of the Regional Financial Center of Almaty (hereinafter - the official list) or for transfer from the official list one category (sub-category) to another (hereinafter - the listing conclusion), reported the press-centre of KASE.

The previous listing conclusion form assumed that except the data on compliance of securities and their issuer with established listing requirements and if necessary comments and remarks to these data, must include the most significant description of securities, their issuer and his activities. Such information was selected by KASE employees from various basic documents - securities issue prospectuses, financial statements of securities issuer, auditors' reports, investment memorandums, other possible documents and admittance initiator explanations. Given this to ensure the listing conclusion stylistics and logics such information this information was edited.

As a matter of fact, listing requirements were the specialized information products, for development of which (including multiple checking and editing at several levels up to KASE Board members) required too much efforts, were time and human resources consuming.

Understanding of the need in reduction of time for listing conclusions development, exclusion of possible discrepancies between wordings in basic documents and listing conclusions, minimization of non-core for KASE literary activities caused the transfer to simplified listing conclusion form, similar to used by other stock exchanges.

This transfer to the new listing conclusion form allows KASE to pay more attention and time at checking the basic documents, the information disclosed necessary for making investment decisions.

When using the new listing conclusion form the Listing Commission members as materials on listing issues or the category change are submitted both the listing conclusions and the basic documents, based on the review of which these listing conclusions were developed. This procedure allows the Listing Commission members to more objective opinion - based rather on results of basic documents review than their separate components, previously included to adapted listing conclusions.

As previously, submitted by admittance initiators basic documents are published on KASE website after Listing Commission decisions on inclusion of securities into the official list or transfer of securities from the official list one category (sub- category) to another were given effect. Accordingly, changing of the listing conclusion form does not influence on possibility of interested persons familiarizing with basic documents.