Article 38-1. Features of accounting and confirmation of rights to equity securities held in the personal account of a foreign accounting organization opened in the accounting system of the Central Securities Depository of the Securities Market Law

Home / RLA / Article 38-1. Features of accounting and confirmation of rights to equity securities held in the personal account of a foreign accounting organization opened in the accounting system of the Central Securities Depository of the Securities Market Law

Article 38-1. Features of accounting and confirmation of rights to equity securities held in the personal account of a foreign accounting organization opened in the accounting system of the Central Securities Depository of the Securities Market Law

1. Accounting of the rights of clients of a foreign accounting organization to equity securities and registration of transactions with them in the accounting system of a foreign accounting organization in whose name a personal account is opened in the accounting system of the central securities depository shall be carried out in accordance with the legislation of the state of which the foreign accounting organization is a resident.

The opening, maintenance and closing of a personal account of a foreign accounting organization in the accounting system of the central securities depository is carried out in accordance with the laws of the Republic of Kazakhstan, regulatory legal acts of the authorized body, as well as taking into account the provisions of paragraph 1-1 of Article 78 of this Law.

2. Confirmation of clients' rights to equity securities held in the personal account of a foreign accounting organization opened in the accounting system of the central securities depository is carried out by a foreign accounting organization in accordance with the legislation of the state of which the foreign accounting organization is a resident.

3. At the request of the central securities depository, a foreign accounting organization provides information on persons who have rights to equity securities held in a foreign accounting organization's personal account opened in the central securities depository's accounting system, and other information in cases, to the extent and within the time limits established by the central securities depository's set of rules, based on information provided by the clients of this foreign accounting organization. organizations.

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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