OREANDA-NEWS. Following the decision of Kazakhstan Stock Exchange (KASE) Board of Directors of December 25, 2015 a new KASE internal document "Rules of information disclosure on the Board of Directors decisions" (Rules) was approved to enter into force on January 1, 2016.

The said Rules were drawn up in accordance with the Act of the Republic of Kazakhstan Amendments and additions to some legislative acts of the Republic of Kazakhstan on non-performing loans and assets of second-tier banks, provision of financial services and activities of financial institutions and the National Bank of the Republic of Kazakhstan of November 24, 2015, No. 422, which amended Article 79 of the Act of the Republic of Kazakhstan on Joint Stock Companies.

According to the new wording of item 4 of Article 79 of the Act of the Republic of Kazakhstan on Joint Stock Companies (effective from January 1, 2016), the company shall develop and approve by its management body the internal document establishing a list of questions on the decisions taken by the Board of Directors, the information on which should be brought to the attention of shareholders and investors.

The text of the Rules will be available on KASE website soon.