FSA Approves Regulations on Listing Commission
OREANDA-NEWS. February 15, 2010. It was informed earlier, the Exchange Council of Kazakhstan Stock Exchange (KASE) on December 24, 2009 approved KASE internal document "Regulations on Listing Commission" (the Regulations), reported the press-centre of KASE.
The Regulations were agreed with the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) dated February 5, 2010, and the Agency of the Republic of Kazakhstan on regulation of activities of the Regional Financial Center of Almaty (ARA RFCA) dated January 5, 2010 and introduced February 8, 2010.
The Regulations have been developed in accordance with the legislation of the Republic of Kazakhstan and define the structure, functions and order of exercise thereof, authorities and responsibilities of the Listing commission.
The Regulations define the Listing commission is a permanent non-structural unit of KASE considering and making decisions on listing, delisting, change of categories (subcategories) on the official list, granting accord on listing on KASE for bonds, supposed to be issued (issued) in accordance with foreign legislations.
The Regulations are available at the KASE website at
http://www.kase.kz/files/normative_base/listing_com_eng.pdf
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