The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan, together with the National Bank of Kazakhstan, convened a roundtable with the Kazakhstan Stock Exchange and securities market participants to discuss a programme to develop the capital market through 2030 and a draft new law on the securities market. The planned programme and bill are intended to remove structural constraints and strengthen the capital market’s role in financing the economy, with an emphasis on alignment with international standards. The agenda for the draft law centres on expanding the investor base by strengthening institutional investors, further developing the retail segment and creating conditions to attract foreign capital, alongside measures to encourage more private-sector companies to access capital market funding. The package also envisages deeper integration with global capital markets, development of new financial instruments and technology solutions, updated corporate governance approaches to improve transparency and investor protection, and a modernised regulatory model with a focus on supervisory effectiveness. The agency cited equity market capitalisation of KZT 39 trillion (24% of GDP) and corporate bond volume of KZT 16.2 trillion (10% of GDP); KASE trading includes 89 share issues from 76 issuers and 717 corporate bond issues from 158 issuers, while central securities depository accounts exceed 5 million. The 2030 development programme is to be prepared by September 2026, and the draft securities market law by end-2026.

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