Article 10. Refusal of state registration of the issue of non-state equity securities The Law on the Securities Market

Home / RLA / Article 10. Refusal of state registration of the issue of non-state equity securities The Law on the Securities Market

1. The authorized body has the right to refuse state registration of an issue of non-state equity securities in case of violation by the issuer of the conditions and procedure for submitting documents for state registration of the issue and revealing in the process of reviewing the documents their non-compliance with the requirements established by the legislation of the Republic of Kazakhstan.

2. Excluded by the Law of the Republic of Kazakhstan dated 07/12/2022 No. 138-VII (effective from 07/01/2023).

3. The issuer has the right to appeal the decision of the authorized body on refusal of state registration of the issue of equity securities in accordance with the procedure established by the laws of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated July 2, 2003 No. 461.

 This Law regulates public relations arising in the process of issuance, placement, circulation and repayment of equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, defines the procedure for regulation, control and supervision of the securities market in order to ensure the safe, open and effective functioning of the securities market, protection of investors' rights. and holders of securities, fair competition of securities market participants.

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