Article 38. Confirmation of rights under equity securities The Law on the Securities Market

Home / RLA / Article 38. Confirmation of rights under equity securities The Law on the Securities Market

1. Confirmation of rights under equity securities is carried out by providing an extract from the personal account of a registered person in the central depository's accounting system and (or) the nominal holding accounting system, taking into account the specifics provided for in Article 38-1 of this Law.

The conditions and procedure for providing an extract are established by this Law, regulatory legal acts of the authorized body, and a set of rules of the central securities depository.

2. If the information on the number and type of securities indicated by the nominee holder in the statement from the personal account in the nominee holding system does not match the information on the nominee holder's personal account (the nominee holder's client's subaccount) in the central securities depository's accounting system, the information contained in the central securities depository's accounting system takes precedence.

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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