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Home / RLA / Article 40. Suspension of operations on personal accounts of securities holders. Confiscation of equity securities The Law on the Securities Market

Article 40. Suspension of operations on personal accounts of securities holders. Confiscation of equity securities The Law on the Securities Market

АMANAT партиясы және Заң және Құқық адвокаттық кеңсесінің серіктестігі аясында елге тегін заң көмегі көрсетілді

Article 40. Suspension of operations on personal accounts of securities holders. Confiscation of equity securities The Law on the Securities Market

      1. The suspension of records on personal accounts or registration of transactions with equity securities in the accounting system of the central securities depository or the accounting system for nominal holding of securities is carried out on the basis of a decision of the state body authorized to make such a decision in accordance with the laws of the Republic of Kazakhstan.  

     2. Confiscation of equity securities may be carried out only on the basis of a judicial act that has entered into legal force.

 

The Law of the Republic of Kazakhstan dated July 2, 2003 No. 461.

    This Law regulates public relations arising in the process of issuance, placement, circulation and repayment of equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, defines the procedure for regulation, control and supervision of the securities market in order to ensure the safe, open and effective functioning of the securities market, protection of investors' rights. and holders of securities, fair competition of securities market participants.

 

 

President    

Republic of Kazakhstan     

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