12.12.2014, 13:41
KASE Board of Directors approves amendments to Rules of Defining Amounts, Terms and Payment Procedure for Listing Fees
OREANDA-NEWS. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors of December 11, 2014 changes and additions No. 2 (amendments) to KASE internal document "Rules of Defining Amounts, Terms and Payment Procedure for Listing Fees" (Rules) were approved, with effect as of January 1, 2015.
The mentioned amendments were introduced for purposes:
- for purposes of aligning the text of the Rules with norms of resolution No. 189 of Management Board of the National Bank of Republic of Kazakhstan "On requirements for issuers and their securities (being) admitted to circulation on the stock exchange, as well as particular categories of the stock exchange list" dated October 22, 2014 effective as of January 1, 2014;
- setting the rules of defining amounts, terms and payment procedure of fees for admission of shares to circulation in sector "HiTec" of KASE official list and their quotation in the said sector;
- exemption of the admittance initiator from payment of some types of listing fees at transfer of shares, included in KASE official list according to the simplified procedure, from a lower category of KASE official list to a higher one;
- excluding of the preference on listing fee payments for companies conducting IPO.
In addition, the amendments contain editorial specifications.
The mentioned amendments were introduced for purposes:
- for purposes of aligning the text of the Rules with norms of resolution No. 189 of Management Board of the National Bank of Republic of Kazakhstan "On requirements for issuers and their securities (being) admitted to circulation on the stock exchange, as well as particular categories of the stock exchange list" dated October 22, 2014 effective as of January 1, 2014;
- setting the rules of defining amounts, terms and payment procedure of fees for admission of shares to circulation in sector "HiTec" of KASE official list and their quotation in the said sector;
- exemption of the admittance initiator from payment of some types of listing fees at transfer of shares, included in KASE official list according to the simplified procedure, from a lower category of KASE official list to a higher one;
- excluding of the preference on listing fee payments for companies conducting IPO.
In addition, the amendments contain editorial specifications.
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