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The document ceased to be valid since  March 12, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 19, 2015 No. 249

THE RESOLUTION OF BOARD OF THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN ON REGULATION AND SUPERVISION OF THE FINANCIAL MARKET AND THE FINANCIAL ORGANIZATIONS

of November 28, 2008 No. 195

About requirements to organizational structure of the organizer of the biddings and to structure of the listing commission of stock exchange, and about approval of Rules of implementation of activities of structural division of the organizer of the biddings performing activities for supervision of the made transactions in trade system of the organizer of the biddings

(as amended on 24-04-2015)

According to Article 83 and Item 5 of article 84 of the Law of the Republic of Kazakhstan of July 2, 2003 "About the security market" the Board of the Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Bodies of the organizer of the biddings are:

1) the supreme body - general shareholder meeting;

2) governing body - the board of directors;

3) executive body - board.

2. For decision making concerning listing, delisting or change of category of the list of securities the body of stock exchange which competence includes consideration of the matters and adoption of decisions on them (further - the listing commission) is created.

3. The listing commission consists of the odd number of members. The number of members of the listing commission constitutes at least seven people.

4. Are part of the listing commission:

1) the representative of authorized state body on regulation, control and supervision of the financial market and the financial organizations (further - authorized body);

2) the member of executive body of stock exchange supervising questions of listing, delisting or change of category of the list of the securities allowed to the address in trade system of stock exchange;

3) board members of stock exchange.

5. The structure of the listing commission affirms the solution of the board of directors of stock exchange.

6. The chairman of the listing commission is elected by the board of directors from among members of the listing commission.

The members of the listing commission who are cannot be elected the chairman of the listing commission:

1) members of executive body of stock exchange;

2) representative of authorized body.

7. Meetings of the listing commission are held as required on condition of participation in meeting at least two third from total quantity members of the listing commission, including the representative of the authorized state body specified in item 4 of this resolution.

Representatives of the issuer of the security and the organization providing to the issuer according to the signed agreement consulting services in question of inclusion of its securities in the official listing of the organizer of the biddings can be invited to meeting of the listing commission (further - the financial consultant).

8. The decision of the listing commission is made if at least two thirds of total quantity of members of the listing commission voted for its acceptance. The members of the listing commission who are workers and (or) representatives do not take part in vote:

1) the issuer whose securities join in the list of stock exchange, are excluded from this list or are transferred to other category of this list according to the specified decision (further in this Item - the interested issuer);

2) the organizations which are the affiliated organizations or dependent joint-stock companies in relation to the interested issuer;

3) the organizations in relation to which the interested issuer is the affiliated organization or dependent joint-stock company;

4) the organizations which are together with the interested issuer the affiliated organizations or dependent joint-stock companies in relation to the third organization;

5) the financial consultant, the market maker, the underwriter rendering services to the interested issuer;

6) persons, affiliirovanny with persons specified in subitems 1), 2, of 3), 4) and 5) of this Item.

9. The procedure for activities of the listing commission is determined by internal documents of stock exchange.

10. The stock exchange creates committee of the board of directors of stock exchange concerning audit of issuers (further - committee on audit of issuers) which functions are:

1) consideration of audit reports according to the financial reporting of issuers (reports of auditing organizations on the overview of interim financial statements of issuers) whose securities are assumed to inclusion or are included in the official listing of stock exchange, and preparation of the relevant information on results of consideration of the specified reports on request of the division of stock exchange specified in the subitem 1) of Item 17 of this resolution;

2) forming of the list of the auditing organizations recognized by stock exchange for inclusion and finding of issuers and their securities in the official listing of stock exchange;

3) other functions established by internal documents of stock exchange.

11. Are part of committee on audit of issuers:

1) representative of authorized body;

2) member of executive body of stock exchange;

3) the head of the structural unit of stock exchange whose main function is listing of securities;

4) the head of the structural unit of stock exchange whose main function is monitoring of further compliance of securities to listing requirements;

5) board members of stock exchange.

According to the decision of committee on audit of issuers for participation in its meetings the experts having professional knowledge in audit area and the financial reporting are invited.

12. The structure of committee on audit of issuers affirms the solution of the board of directors of stock exchange.

13. The chairman of committee on audit of issuers is elected by the board of directors from among members of this committee.

14. Committee meetings on audit of issuers are held as required.

15. The procedure for activities of committee on audit of issuers is determined by internal documents of stock exchange.

15-1. For adoption of investment decisions on implementation of transactions with financial instruments at the expense of own assets the stock exchange creates investment committee as a part of at least three people.

15-2. Are part of investment committee:

1) members of executive body of stock exchange;

2) the division manager of stock exchange, exercising risk management;

3) other employees of stock exchange.

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