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Article 53-1. Prohibition of advertising that does not correspond to the validity of the Law on the Securities Market
1. The Licensee is prohibited from advertising his activities that do not correspond to reality on the day of its publication.
2. The authorized body has the right to require the licensee to make changes to an advertisement that does not correspond to reality, to terminate it, or to publish its refutation.
In case of failure to comply with this requirement within the time period established by the authorized body, the authorized body has the right to publish information about the inconsistency of the information contained in the advertisement, or to clarify them at the expense of the licensee who published such advertising.
3. It is prohibited to act as an advertiser of services provided on the securities market to the following persons:
legal entities, branches of non-resident banks of the Republic of Kazakhstan that do not have a license from an authorized body to operate on the securities market;
individuals who are not employees of licensees and are not authorized by licensees.
to non–residents 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 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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