Tuesday, 10 June 2008

Kazakhstan introduces new securities framework

We undertand Article 6.5 of the Law of the Republic of Kazakhstan is now going to be introduced detailing the requirements for listing securities on the RFCA. This encompases trading in a variety of instruments, including foreign and domestic equities, investment funds, corporate debt, complex securitized and derivatives will hopefully take a step forward.

The RFCA is rapidly becoming the leading financial center in the Caspian region. Its objective is to achieve the successful integration of the Kazakhstani financial sector into global capital markets, the attraction of foreign investment capital into the region, further development of the country's equity market, the creation of opportunities for individual investors, and the export of Kazakhstani capital. All good stuff for the development of this frontier market.

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