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THE RESOLUTION OF THE NATIONAL COMMISSION ON THE SECURITY MARKET IN CASE OF THE PRESIDENT OF THE KYRGYZ REPUBLIC

of September 28, 1998 No. 34

About suspension, response and cancellation of licenses for the right of conducting professional activity on securities

The national commission on the security market in case of the President of the Kyrgyz Republic decides:

1. According to the Law of the Kyrgyz Republic "About the security market". Regulations on procedure for licensing of professional activity on the securities approved by the order of the Government of the Kyrgyz Republic of March 31, 1998 No. 173, the resolution of the National commission on the security market in case of the President of the Kyrgyz Republic of February 3, 1998 No. 1 "About introduction of amendments to the resolution of the National commission on the security market in case of the President of the Kyrgyz Republic of August 27, 1997 No. 20":

- suspend the license No. 109 of June 11, 1998 granted to foreign Pakistani OSOO "GORA ASSOCIATES" on the right of conducting broker activities for securities for a period of 3 months;

- withdraw and cancel:

the license No. 30 of August 9, 1994 granted by OSOO "Bereke-holding Company" on the right of conducting intermediary activities for issue of securities, commission, business activity on securities;

the license No. 74 of February 28, 1997 granted REMIKS Financial investment company on the right of conducting intermediary and commission activities for securities;

the license No. 98 of October 2, 1996 granted by OSOO the Financial and consulting company "Niyet-Araket" on the right of conducting consulting, intermediary and commission activities for securities;

the license No. 113 of August 7, 1997 granted by Gruppa Credit Ltd on the right of conducting commission and intermediary activities for securities;

- to temporarily suspend the license regarding implementation of dealer activities for securities before reduction of the size of equity to No. 1 which is minimum required according to the resolution NKRTsB of February 3, 1998 "About introduction of amendments to the resolution of the National commission on the security market in case of the President of the Kyrgyz Republic of August 27, 1997 No. 20" to the following legal entities:

to the company of OSOO joint Kyrgyz Uzbek ""Huo and Company Ink" law firm;

OSOO "Novus Investment"

2. According to Regulations on procedure for licensing of professional activity on the securities approved by the order of the Government of the Kyrgyz Republic of March 31, 1998 No. 173, due to the lack of security transactions during one goal to withdraw and cancel the license No. 33 of July 30, 1997 granted to the "Skan Ist Holding of LTD" company joint Kyrgyz Finnish on the right of conducting commission and intermediary activities for securities.

3. According to Regulations on procedure for licensing of professional activity on the securities approved by the order of the Government of the Kyrgyz Republic of March 31, 1998 of goal No. 173 and in connection with non-realization of the professional activity on securities specified in the license to cancel licenses

- No. 68 of March 24, 1997, issued to Investment joint-stock commercial bank "Akyl" on the right of conducting depository activity on securities;

- No. 70 of January 28, 1997, issued to Professional Registrar Ltd on the right of activities for maintaining and storage of the shareholder register (owners) of securities;

- No. 84 of April 19, 1996, issued to TESKO Financial investment company on the right of conducting business and commission activity on securities,

- No. 96 of September 9, 1996, issued to Central Kyrgyz Depositary Ltd on the right of conducting depository activity on securities,

- No. 97 of September 19, 1996, issued to joint commercial Industrial Construction Bank of the Kyrgyz Republic on the right of conducting depository activity on securities,

- No. 108 of April 11, 1997, issued to JSC Tsentralno-Aziatskaya Mezhdunarodnaya informatsionno-torgovaya sistema on the right of conducting consulting activities for securities,

- No. 111 of February 5, 1998, issued to NSP Brothers & Fco Ltd on the right of conducting commission, business and consulting activity on securities.

4. Publish in statement in mass media of the data on the suspended, revoked and cancelled licenses for the right of conducting professional activity on securities.

 

Chairman A. Sultanov

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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