Article 12-1. Issue of non-government bonds subject to private placement of the Securities Market Law

Home / Laws / Article 12-1. Issue of non-government bonds subject to private placement of the Securities Market Law

1. For the purposes of this Law, the issue of non-government bonds subject to private placement is recognized as the issue of bonds placed among a limited number of investors.

2. The terms of issue of non-government bonds subject to private placement are determined by a private memorandum, the requirements for the content of which are established by a regulatory legal act of the authorized body.

3. The number of investors participating in the placement of these bonds should not exceed fifty.

4. It is prohibited to place non-government bonds subject to private placement among investors who are not qualified investors.

5. The procedure, conditions and terms of state registration of the issue of non-governmental bonds subject to private placement, registration of amendments and (or) additions to a private memorandum, as well as the requirements for documents for state registration of the issue of non-governmental bonds subject to private placement, registration of amendments and (or) additions to a private memorandum, are established by a regulatory legal act of the authorized body. the organ.

6. Non-government bonds subject to private placement may be included in the official list of the stock exchange.

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

 This Law regulates public relations arising in the process of issuing, placing, circulating and redeeming equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, defines the procedure for regulating, controlling and supervising the securities market in order to ensure the safe, open and effective functioning of the securities market, and the protection of investors' rights. and holders of securities, fair competition of securities market participants.

President

Republic of Kazakhstan

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