The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan outlined a proposed single digital window for issuing and placing shares and bonds under the draft Capital Market Development Program for 2026-2030. Advancing the program’s digital issuance agenda, the platform would allow issuers to submit one standardized document package for registration, listing and related procedures, with the Central Securities Depository serving as operator. Documents would be checked automatically and reviewed in parallel by the agency, exchange and depository, giving issuers a consolidated view of comments and deadlines. Integration with the depository’s accounting system would support assignment of international securities identification numbers and crediting securities to holders’ accounts. Issuer checks, including anti-money laundering and counterterrorist financing procedures, would be conducted once and shared among participants. Requirements would vary by offering type and size, investor category and the issuer’s public-market experience. Bonds offered to a limited group of professional investors would use a reduced document set, while small and medium-sized issues would have a simplified prospectus of no more than 15 pages across five main sections. Full disclosure and investor-protection requirements would remain for public offerings to nonqualified investors. The plan also envisages gradually transferring document intake, preliminary checks and registration of bond issues under bond programs to the Central Securities Depository. The agency expects the new process to shorten initial public offering preparation by about three to five months and reduce the full bond issuance cycle from three to six months to one to two months.

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