Article 15-10. Monitoring of issuers of Non-Governmental equity Securities of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations
1. Monitoring of issuers of non-state equity securities is carried out by the authorized body for compliance with the requirements of the legislation of the Republic of Kazakhstan on the securities market and on joint-stock companies.:
1) when carrying out state registration of the issue of non-state equity securities, registration of amendments and (or) additions to the prospectus of the issue of non-state equity securities, approval of the report on the results of the placement or redemption of non-state equity securities and the report on the exchange of outstanding shares of a joint-stock company of one type for shares of this joint-stock company of another type;
2) on disclosure by issuers of non-governmental equity securities of information about their activities.
2. The monitoring of issuers of non-governmental equity securities is carried out by the authorized body on the basis of information provided by issuers of non-governmental equity securities and other information, including information obtained through interdepartmental and international cooperation.
3. As part of monitoring issuers of non-governmental equity securities, the authorized body has the right to request information and documents in writing from issuers of non-governmental equity securities and their officials, including financial statements and materials of meetings (including those held in absentia) of bodies of issuers of non-governmental equity securities.
Issuers of non-state equity securities are required to provide the information and documents requested by the authorized body within the time limits set by it.
The Law of the Republic of Kazakhstan dated July 4, 2003 No. 474-II.
This Law regulates public relations related to the implementation of state regulation, control and supervision of the financial market and financial organizations, and is aimed at increasing the stability of the financial system of the Republic of Kazakhstan and creating conditions to prevent violations of the rights and legitimate interests of consumers of financial services.
President
Republic of Kazakhstan
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