Article 93. Functions of a professional organization The Law on the Securities Market

Home / RLA / Article 93. Functions of a professional organization The Law on the Securities Market

1. A professional organization, in accordance with its charter and internal documents, has the right to perform the following functions::

1) submit proposals to the authorized body on draft regulatory legal acts and the development of regulatory legal acts defining the procedure for carrying out professional activities in the securities market;

2) represent the interests of members of a professional organization in state, public, foreign and international organizations;

3) to consider disputes arising in the securities market between members of a professional organization and disputes between members and their clients;

4) develop training programs and conduct training for persons who intend to operate in the securities market;

5) to establish uniform rules and standards of professional activity of members of a professional organization, as well as to ensure their observance by members of a professional organization;

6) compile and publish ratings of members of a professional organization;

7) carry out inspections of the activities of members of a professional organization;

8) send petitions to the authorized body for suspension and revocation of the license of a member of a professional organization;

9) exercise control over the activities of its members in the securities market and apply the measures of influence established by its internal documents to members of a professional organization who have committed violations of the legislation of the Republic of Kazakhstan and internal documents of the professional organization.

2. A professional organization has the right to require its members to provide information about their activities on the securities market, with the exception of information constituting a commercial or other legally protected secret.

3. A professional organization is obliged to inform its members of the information provided by the authorized body on the activities of its members.

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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Republic of Kazakhstan

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