OREANDA-NEWS. September 22, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Management Board, JSC Almaty Financial Center (Almaty) is banned from taking part in securities trading at KASE, reported the press-centre of KASE.

The decision was taken in accordance with sub-item 1) item 27 of KASE internal document "Regulations on Membership" following the resolution No. 103 dated August 26, 2011 of the Management Board of the National Bank of the Republic of Kazakhstan issued on August 26, 2011 on withdrawing from the "Almaty Financial Center" stock market brokerage and dealing license associated with the nominee's right to run client accounts and investment portfolio management license.

Whether to exclude JSC Almaty Financial Center from KASE stock market  membership, will be discussed at the next meeting of KASE Board of Directors.

Earlier there was related KASE news of September 16, 2011 "National Bank withdraws investment portfolio management and stock market brokerage licenses from Almaty Financial Center" - http://www.kase.kz/en/news/show/1146831