The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan announced that it, the National Bank and the European Bank for Reconstruction and Development (EBRD) signed a tripartite memorandum of understanding to support capital market reform, including preparing a programme for the development of Kazakhstan’s stock market through 2030 and improving the legislative framework. The memorandum provides a basis for an EBRD technical assistance project on systemic capital market reforms, including a comprehensive assessment of the securities market covering the investor base, issuer activity, market infrastructure, and the current regulatory, legal and supervisory environment. Planned outputs include a package of measures to develop market infrastructure, refine regulation and introduce new financial instruments, as well as drafting a new securities market law reflecting international standards and practices in leading financial jurisdictions.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2026-03-16
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan signs tripartite MoU with National Bank and EBRD to develop a 2030 securities market programme
The Agency for Regulation and Development of the Financial Market of Kazakhstan, the National Bank, and the European Bank for Reconstruction and Development signed a memorandum to support capital market reform in Kazakhstan. The agreement includes an EBRD technical assistance project for systemic reforms, assessing the securities market, and drafting a new securities market law. Planned measures aim to enhance market infrastructure, refine regulation, and introduce new financial instruments.