Article 8. State registration of the issue of non-governmental equity securities The Law on the Securities Market

Home / RLA / Article 8. State registration of the issue of non-governmental equity securities The Law on the Securities Market

1. The state registration of the issue of non-state equity securities is a set of measures related to the registration of the issue of securities, as well as amendments and (or) additions to the terms of the issue of securities, carried out by the authorized body on the terms and in accordance with the procedure established by this Law and regulatory legal acts of the authorized body.

2. The state registration of the issue of non-governmental equity securities includes:

1) review of submitted documents for compliance with the legislation of the Republic of Kazakhstan;

2) entering information about the issuer and its securities, including information about the international identification number (ISIN code) assigned to a non-governmental equity security by the central securities depository, into the State Register of Equity Securities;

3) sending to the issuer at the time of state registration of the issue of non-governmental equity securities in electronic form:

certificates of state registration of the issue of non-state equity securities;

terms of the securities issue;

4) sending to the issuer at the time of state registration of amendments and (or) additions to the terms of the securities issue in electronic form:

certificates of state registration of the issue of non-governmental equity securities (in case of an increase in the number of declared shares and (or) a change in their type, and (or) a change in the name and location of the issuer or a decrease in the number of declared bonds);

release conditions, subject to changes and/or additions.

3. Documents on the issue of non-state equity securities are considered by the authorized body within fifteen working days from the date of their submission for state registration, unless other terms are specified by this Law.

The documents for the state registration of the issue of non-state equity securities are submitted by the issuer to the authorized body in electronic form.

4. For violation of the requirements for state registration of the issue of non-state equity securities, the issuer and its officials are responsible in accordance with the laws of the Republic of Kazakhstan.

5. The authorized body has no right to refuse state registration of the issue of non-state equity securities on grounds of inexpediency.

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.

President

Republic of Kazakhstan

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