October 2022
3
Coming to the ESG market, KASE has an ESG Bond market that consists of green bonds (3 issues) and social bonds (4 bonds). State securities are also part of the KASE market and in 2022 Government Securities Indices were implemented. Ms Aldambergen also shared the short overview of KASE strategy and upcoming plans of development.
Second speaker was Mr Alexander Kamchatny the Head of securities market development division, Agency of the Republic of Kazakhstan for regulation and development of the financial market. He introduced the main functions of the agency that includes, for example:
- Conducts state policy to ensure the functioning and formation of the infrastructure of the securities market, protection of interests of investors.
- Adopts regulatory legal acts on the regulation, control and supervision of the securities market.
- Recognizes financial market assets as securities, determines the procedure for their registration, conditions and procedure for issuance, circulation, repayment.
- Issues licenses for types of activities in the securities market, suspends, renews and revokes licenses,
- Defines the conditions and procedure for suspending and resuming trading on the stock exchange,
Mr Kamchatny also shared some insights about investor's rights protection measurements and mechanisms as well as about encouraging mechanisms for issuers to enter the securities market.
Next session was held by Ms Tamara Shadiyeva Head of the Strategy and Development Sector of Kazakhstan CSD, she introduced participants to the CSD services, shuch as:
-Depository & Registrar services,
- Corporate governing and proxy voting service,
-Payment agent service,
-Banking (cash) operations services,
-National numbering agency services,
-Information services,
-Trade repository service;
Ms Shadiyeva also shared key highlights of the last 8 months and showed the map of upcoming developments of the depository and strategic directions.