OREANDA-NEWS. May 11, 2012. Kazakhstan Stock Exchange (KASE) Board of Directors by its decision approved changes and additions # 6 (the amendments) to KASE internal document "Listing Rules" (the Rules), reported the press-centre of KASE.

The amendments will be submitted to the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (FSC NBK) for approval and will be given effect after approval of an authorized agency.

The amendments have been made for the following purposes:

- bringing the Rules into line with the Law of the Republic of Kazakhstan "On Securities Market" (hereinafter - the Law), into which have been made changes and additions by the Law of the Republic of Kazakhstan "On Making Changes and Additions to Certain Legal Acts of the Republic of Kazakhstan on Regulation of Banking Activities and Financial Organizations to Minimize Risks" (effective from February 1, 2012), including in terms of requirements for:

- offering and placement on the organized market of the Republic of Kazakhstan of securities of residents of the Republic of Kazakhstan, issued on the territory of a foreign country;

- placement of bonds, an issue prospectus of which stipulate their circulation on both the organized and unorganized markets or only on the organized market;

- exclusion of cases of non-execution of norms of Article 22 of the Law of placement of bonds, issue prospectus of which stipulate their circulation on both the organized and unorganized markets or only on the organized market through setting the additional listing requirement to the bonds issue prospectus;

- revision of the existing version of the requirement related to placement of not less than 20 % of shares through the KASE trading system;

- setting requirements related to provision to the exchange of documents, attesting securities placement on the organized market, to control execution of norms of the Law and Rules;

- clarification of the simplified listing procedure application;

- setting the requirement for existence in securities of the CFI code;

- extension of time of trades opening in shares, admitted to the exchange official list for IPO purposes;

- exception for Islamic securities of the mandatory requirement on trades opening;

- improvement of transparency of securities issuers owners structure through the requirement for disclosure in a memorandum of the information on final beneficiaries;

- editorial clarifications, including those excluding overlapping requirements for disclosure in an investment memorandum of the information.

The revised text of Rules will be available on KASE website at http://www.kase.kz/files/normative_base/listing_rules_eng.pdf after FSC NBK approval.