OREANDA-NEWS. May 10, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors, Pension Assets Investment Management Organization Orleu (Almaty, hereinafter - PAIMO Orleu) is excluded from members of KASE stock market. It means that JSC PAIMO Orleu is no longer KASE member and may not trade in any instruments on KASE, reported the press-centre of KASE.

This decision has been taken in accordance with sub-item 3 of item 37 of KASE internal document "Regulations on Membership" due to withdrawal from JSC PAIMO Orleu of the securities market operations license.

Earlier, JSC PAIMO Orleu was banned from trading in securities on KASE due to non-fulfillment of requirements for KASE members' financial position set by item 23-1 of the said Regulations on Membership.