OREANDA-NEWS. On March 03, 2008 by the decision of Board of Kazakhstan stock exchange (KASE) since March 3, 2008 Pension assets investment management organization Bailyk asset management JSC (daughter organization of Eurasian bank JSC) (PAIMO Bailyk asset management JSC Almaty) has been debarred from participation in trades with securities on KASE released from payment of monthly membership fees on securities and services of distant access, reported the press-centre of KASE.

The decision was made based upon subparagraph 1) paragraph 27 Regulations about membership on the basis of resolution of Board of Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations dated February 26, 2008 #23 about stoppage of action of license of company for conduction of broker and dealer activities on the market of securities without the right of maintenance of accounts of clients as nominal holder.