OREANDA-NEWS. On March 27, 2009 The Exchange Council of Kazakhstan Stock Exchange (KASE) decided to remove Almaty Investment Management (Almaty) beginning March 27, 2009 from KASE membership in categories "A", "K", "P" and "H". This means Almaty Investment Management is no longer a KASE member and has no right to trade on KASE, reported the press-centre of KASE.

The Exchange Council decision was made in accordance with sub-item 3) of item 37 of the KASE internal document "Regulation on Membership" as resolution No. 29 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations dated February 27, 2009 deprived the company beginning March 5, 2009 of the license for brokerage and dealing activities on the securities market with the right to maintain  client accounts in the capacity of nominal holder.

Beginning January 29, 2009 by the decision of the KASE Board the company was disqualified from participation in securities trading (except for closing of earlier opened repo transactions) with corresponding automatic suspension from membership on KASE.

KASE released the following subject related news earlier:

- dated March 6, 2009 "Beginning March 5, AFS Deprives Almaty Investment Management of License for Brokerage and Dealing Activities on Securities Market and Suspends Action of License for Investment Portfolio Management" at: http://www.kase.kz/news/show/1068408

- dated January 29, 2009 "Beginning January 29, 2009 Almaty Investment Management (Kazakhstan) Disqualified from Participation in Securities Trading on KASE" at: http://www.kase.kz/news/show/1065538

- dated January 15, 2009 "Almaty Investment Management" (Kazakhstan) to be Disqualified from Participation in Securities Trading on KASE in Case of Default on Obligations on Concluded Deals" at: http://www.kase.kz/news/show/1064429