Article 4. Prohibition of unauthorized activities in the financial market of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

Home / RLA / Article 4. Prohibition of unauthorized activities in the financial market of the Law on State Regulation, Control and Supervision of the Financial Market and Financial Organizations

1. It is not allowed to carry out professional activities in the financial market by persons who do not have an appropriate license issued in accordance with the legislation of the Republic of Kazakhstan.

2. Transactions involving the provision of financial services made without an appropriate license are invalid.

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.

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Republic of Kazakhstan

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