ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of July 2, 2015 No. 435

About modification and amendments in the order of the Government of the Kyrgyz Republic "About approval of Rules of transactions with securities in the Kyrgyz Republic" of October 17, 2011 No. 647

For the purpose of development of the organized stock market, according to article 39 of the Law of the Kyrgyz Republic "About the security market" the Government of the Kyrgyz Republic decides:

1. Bring in the order of the Government of the Kyrgyz Republic "About approval of Rules of transactions with securities in the Kyrgyz Republic" of October 17, 2011 No. 647 the following changes and amendment:

in the Rules of transactions with securities in the Kyrgyz Republic approved by the above-stated resolution:

- in Item 24:

the first offer of the paragraph of third to state in the following edition:

"Stock exchange transactions can be made without the code of orders (direct transactions) in cases of approach of the essential circumstances for registration of direct stock exchange transaction provided by this Item, Rules of the securities trading of stock exchange accepted by stock exchange according to regulatory legal acts of the Kyrgyz Republic.";

add with paragraphs the fourth or seventh the following content:

"Essential circumstance for registration of direct stock exchange transaction is the impossibility of making of the market transaction by method of open tenderings as parameters and conditions of such transaction are in advance determined by the parties based on results of auction or the tender, decision of general shareholder meeting or the board of directors of society on the following questions:

- sale of the block of shares of society to the investor who won by results of the held auction or the tender;

- dividend payout to shareholders in the form of securities;

- distribution of shares among shareholders in case of the additional issue paid at the expense of means of open joint stock company.";

- to declare the paragraph of the seventh of Item 30 invalid.

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