OREANDA-NEWS. January 27, 2009. As informed previously, by the decision of Kazakhstan Stock Exchange (KASE) Council of January 8, 2009 were approved change # 22 to the KASE internal document "Listing Rules", which were given effect from January 25, 2009 - simultaneously with resolution # 170 of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) "On Approval of Rules of Activities Implementation of Trades Organizers in Securities and other Financial Instruments" of October 29, 2008, reported the press-centre of KASE.

The mentioned change was approved by AFS on January 23, 2009.

The mentioned amendments were made to bring Listing Rules in line with Rules of Activities Implementation of Trades Organizers in Securities and other Financial Instruments, approved by the mentioned resolution.

In compliance with the mentioned change article 20 "Delisting" of Listing Rules was revised, the most significant differences of which from the effective one are:

- the use as the basis for delisting of the systematic (three and more times during twelve consecutive calendar months) non-observance by securities admittance initiator of information disclosure requirements, established by Listing Rules and the Listing Agreement or violation by securities admittance initiator of the period of information provision to KASE, which must be  disclosed in compliance with the legislation of the Republic of Kazakhstan, Listing Rules and the Listing agreement (previously similar basis for delisting was non-observance by the admittance initiator of information disclosure requirements, established by Listing Rules and the Listing Agreement, existence of five and more facts of the information provision period, which must be disclosed in compliance with Listing Rules and the Listing Agreement terms);

- formal vesting of the existing practice, when corporate bonds are excluded from the KASE official list due to their circulation period expiry without documenting any decision of KASE bodies and officials; 

- delegation to KASE of authorities on making decision on securities delisting due to recognition of their issue government registration invalid or due to their issue annulment.

Listing Rules revised version is published on KASE website at the address http://www.kase.kz/files/normative_base/listing_rules.pdf