Article 2-1. The main purpose, objectives and principles of state regulation of the securities market and its subjects of the Securities Market Act

Home / RLA / Article 2-1. The main purpose, objectives and principles of state regulation of the securities market and its subjects of the Securities Market Act

1. The main purpose of state regulation of the securities market and its subjects is to create the legal basis for the issuance, placement, circulation and repayment of equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, determining the procedure for regulation, control and supervision of the securities market in order to ensure the safe, open and effective functioning of the securities market. protection of the rights of investors and holders of securities, fair competition of securities market participants.

2. The main objectives of state regulation of the securities market and its subjects are:

1) setting standards for the activities of professional participants in the securities market;

2) development and improvement of the efficiency of the securities market infrastructure;

3) focusing oversight resources on the activities of professional securities market participants who are most at risk in order to maintain financial stability;

4) ensuring an appropriate level of protection of the rights and legitimate interests of consumers of services in the securities market, completeness and accessibility of information for consumers about the activities of securities market entities, as well as improving the level of financial literacy and financial accessibility for the population.

3. The basic principles of state regulation of the securities market and its subjects are:

1) efficient use of regulatory resources and tools;

2) transparency of the activities of securities market entities;

3) responsibility of the subjects of the securities market.

The Law of the Republic of Kazakhstan dated July 2, 2003 No. 461.

 This Law regulates public relations arising in the process of issuing, placing, circulating and redeeming equity securities and other financial instruments, the specifics of the creation and operation of securities market entities, defines the procedure for regulating, controlling and supervising the securities market in order to ensure the safe, open and effective functioning of the securities market, and the protection of investors' rights. and holders of securities, fair competition of securities market participants.

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Republic of Kazakhstan

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