OREANDA-NEWS. October 12, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors, Almaty Financial Center (Almaty) has had its status of KASE stock member revoked. That means, JSC Almaty Financial Center is not a KASE member anymore, nor has it the right to trade in any instruments at KASE, reported the press-centre of KASE.

This decision has been taken in accordance with sub-item 3, item 37 of KASE internal document "Regulations on Membership" base on Resolution # 103 of the National bank of the Republic of Kazakhstan dated August 26, 2011 on revoking Almaty Financial Center's license entitling it to brokerage and dealing transactions in the stock market including the right to keep clients' accounts as a nominal holder and to investment portfolio management.