OREANDA-NEWS. September 18, 2009. Kazakhstan Stock Exchange (KASE) released at its website at http://www.kase.kz/files/normative_base/rfca_5781.pdf order of Chairman of the Agency of the Republic of Kazakhstan regulating activity of the Regional Financial Center of Almaty (ARA RFCA) "On changes and additions to order of Chairman of the Agency of the Republic of Kazakhstan on regulation of activity of the Regional Financial Center of Almaty dated May 8, 2008 No 04.2-09/119 "On requirements to issuers, whose securities are supposed for listing or listed on the special trading floor of the Regional Financial Center of Almaty, and to such securities"" dated August 20, 2009 No. 04.2-44/145 (the Order), reported the press-centre of KASE.  

The Order was registered with the Kazakhstan Justice Ministry on September 9, 2009 under No. 5781 effective September 19, 2009.

The Order contains the following substantial changes and additions to Order of Chairman of ARA RFCA "On requirements to issuers, whose securities are supposed for listing or listed on the special trading floor of the Regional Financial Center of Almaty, and to such securities" May 8, 2008 No. 04.2-09/119:

- a concept "issuer obligations restructuring" was added;

- the order set a limit of admissible reduction of own capital of an issuer listing shares in the first ("the supreme") category of the special trading floor of the Regional Financial Center of Almaty (STF RFCA) (effective through July 1, 2012);

- the order reduces a requirement to issuer net profit listing shares in the first ("the supreme") category of STF RFCA (effective through July 1, 2012);
 
- the order set a limit of admissible reduction in own capital of an issuer listing shares in the second ("the supreme") category of STF RFCA (effective through July 1, 2012);

- the order reduced a requirement to net profit of an issuer for listing its shares in the second ("the supreme") category of STF RFCA;

- sector "debt securities" of STF RFCA will now be divided into three categories and a new "buffer category" was added;

- the order reduced a requirement to net profit of an issuer for listing debt securities in subcategory "Non-rated debt securities in second subcategory" of STF RFCA;

- the order removed a market maker requirement to securities listed in subcategory "Non-rated debt securities of second subcategory" of STF RFCA;

- the order determined grounds and procedures of transfer of debt securities to a "buffer category" of sector "debt securities" of STF RFCA;

- the order specifies events resulting in unconditional delisting.