Article 36. Registration of transactions with equity securities of the Securities Market Act

Home / RLA / Article 36. Registration of transactions with equity securities of the Securities Market Act

1. Transactions with equity securities, as well as assignment of rights of claim under issuers' obligations under equity securities, are subject to registration in the nominee holding accounting system and the securities holders registry system in accordance with the procedure and terms established by regulatory legal acts of the authorized body, taking into account the specifics provided for in Article 38-1 of this Law.

2. Excluded by the Law of the Republic of Kazakhstan dated 01/02/2021 No. 399-VI (effective from 07/01/2021).

3. The procedure for registration of transactions with equity securities carried out on the organized securities market is established by a set of rules of the central securities depository and internal documents of the stock exchange.

4. Excluded by the Law of the Republic of Kazakhstan dated 01/02/2021 No. 399-VI (effective from 07/01/2021). 5. Excluded by the Law of the Republic of Kazakhstan dated 01/02/2021 No. 399-VI (effective from 07/01/2021). 6. Excluded by the Law of the Republic of Kazakhstan dated 01/02/2021 No. 399-VI (effective from 07/01/2021).

7. Registration of changes or termination of securities rights by a court decision is carried out by the central depository (nominee holder) on the basis of a court decision that has entered into force, executed in accordance with Article 226 of the Civil Procedure Code of the Republic of Kazakhstan.

8. Excluded by the Law of the Republic of Kazakhstan dated 01/02/2021 No. 399-VI (effective from 07/01/2021).

9. The Central Securities Depository, the nominee holder, is not entitled to independently make entries on personal accounts (subaccounts) of registered persons in the absence of grounds established by the legislation of the Republic of Kazakhstan.

10. Documents (with the exception of documents identifying the registered person) that are the basis for making entries on personal accounts (subaccounts) are subject to storage for five years.

11. The specifics of accounting and confirmation of rights in respect of foreign securities or foreign organizations performing the functions specified in paragraph 1 of Article 59 of this Law shall be established by a regulatory legal act of the authorized body.

12. The specifics of registration of rights on state-issued securities, as well as on securities of banks when they reorganize in the form of a merger, if one of the reorganized banks is a bank that has been restructured in accordance with the Law of the Republic of Kazakhstan "On Banks and Banking Activities in the Republic of Kazakhstan", are established by the legislation 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 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.

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Republic of Kazakhstan

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