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The document ceased to be valid since  March 11, 2016 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of December 19, 2015 No. 252

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 30, 2009 No. 244

About approval of the Instruction about requirements for availability of risk management system on the stock exchange and modification and amendments in 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 of the Resolution of Board of National Bank of the Republic of Kazakhstan of 27.08.2014 No. 168)

According to subitem 14-2) of article 12 of the Law of the Republic of Kazakhstan of July 4, 2003 "About state regulation and supervision of the financial market and the financial organizations", and also for the purpose of enhancement of the regulatory legal acts regulating activities of stock exchange, Board of the Agency of the Republic of Kazakhstan for regulation and supervision of the financial market and the financial organizations (further - the Agency) DECIDES:

1. Approve the enclosed Instruction about requirements for availability of risk management system on the stock exchange.

2. Bring in the resolution of Board of the Agency 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" (registered in the Register of state registration of regulatory legal acts at No. 5495) the following changes and amendments:

in Item 1:

in the subitem 3) punctuation mark ";" to replace with punctuation mark ".";

4) to exclude the subitem;

state Item 6 in the following edition:

"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) representatives of authorized body;

3) representatives of authorized body on regulation of activities of regional financial center of the city of Almaty.";

state Item 8 in the following edition:

"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 do not take part in vote:

1) workers of the issuer of security on which the question of listing, delisting or change of category of the list of securities, or workers of the financial consultant, the market maker or the underwriter rendering services to this issuer is considered;

2) persons, affiliirovanny in relation to persons specified in the subitem 1) of this Item.";

add with Items 15-1, 15-2, 15-3, 15-4 of the following content:

"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.

15-3. The structure of investment committee affirms the solution of the board of directors of stock exchange.

15-4. The procedure for activities of investment committee is established by internal documents of stock exchange.";

in Item 16:

in the subitem 4) punctuation mark "." to replace with punctuation mark ";";

add with subitems 5) and 6) of the following content:

"5) identification, assessment and monitoring it is risk;

6) internal audit and control.".

3. This resolution becomes effective after fourteen calendar days from the date of its state registration in the Ministry of Justice of the Republic of Kazakhstan, except for Item 1 of the resolution which becomes effective since April 01, 2010.

4. To stock exchange till April 01, 2010:

1) to submit to the Agency the internal documents of stock exchange regulating the conditions and procedure for its activities, activities of its bodies, structural divisions and workers approved by the board of directors of stock exchange, brought into accord with requirements of the Instruction about requirements for availability of risk management system on the stock exchange approved by this resolution;

2) to bring the used software and hardware into accord with requirements of the Instruction about requirements for availability of risk management system on the stock exchange approved by this resolution.

5. To department of supervision of subjects of the security market and accumulation pension funds (Hadzhiyeva M. Zh.):

1) together with Legal department (Sarsenov N. V.) to take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan to bring it to the attention of the interested divisions of the Agency, the organizer of the biddings and Consolidation of legal entities "The association of financiers of Kazakhstan".

6. To service of the Chairman of the Agency (Kenzhe A. A.) take measures for publication of this resolution in mass media of the Republic of Kazakhstan.

7. To impose control of execution of this resolution on the vice-chairman of the Agency Aldambergen A. U.

Chairman

E.Bakhmutova

Approved by 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 30, 2009 No. 244

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