The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan announced that its Board has adopted Resolution No. 14 of 16 May 2025 amending several regulatory legal acts on financial market regulation. The changes update stock exchange listing and disclosure arrangements and adjust rules affecting exchange members and market-maker status. The amendments introduce a “Debt Securities Buffer” segment within the stock exchange’s official list, enabling companies on other exchange platforms, other than the “Main” and “Alternative” platforms, to move into this segment if a default on bond coupon payments has occurred in the context of restructuring obligations. The resolution also requires stock exchange members to provide information in response to requests from the authorised body, allows the exchange to refuse to grant or to withdraw market-maker status separately for each financial instrument, and expands the list of permitted resources for publishing annual financial statements to include the official websites of joint-stock companies and financial institutions.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-09-05
Agency for Regulation and Development of the Financial Market of Kazakhstan amends stock exchange rules to add a debt securities buffer segment and tighten information and market-maker provisions
The Agency for Regulation and Development of the Financial Market of Kazakhstan adopted Resolution No. 14, amending stock exchange listing and disclosure regulations. Key changes include a "Debt Securities Buffer" for companies defaulting on bond coupon payments, new disclosure requirements for exchange members, and expanded resources for publishing financial statements. The resolution also allows the exchange to manage market-maker status per instrument.