Law of the Republic of Kazahstan on the securities market, March 5, 1997 № 77-1

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Law of the Republic of Kazahstan on the securities market, March 5, 1997 N
77-1

Утратил силу в соответствии с Законом РК от 02.07.03 г. № 461-II

As amended by:

1.Law of the Republic of Kazakhstan "On Introduction of Amendments and Additions in Certain Legislative Acts of the Republic of Kazakhstan", dated June 19, 1997. Effective from July 1, 1997 (Article 28)

2.Law of the Republic of Kazkahstan "On Introduction of Amendments and Additions in Certain Legislative Acts of the Republic of Kazakhstan Concerning Banking Activities", dated July 11, 1997 (Article 2, 6, 18, 22, 24, 28, 35); and

3.Law No.282 of 10th July, 1998 of the Republic of Kazakhstan "On Introduction of Amendments and Additions in Certain Legislative Acts of the Republic of Kazakhstan Concerning Joint StockCompanies" (Articles 2, 7, 9, 10, 11, 13 (replaced), 15, 16 (replaced), 18, 21, 22, 23, 24, 24-1 (introduced), 24-2 (introduced), 26, 33, 34, 36, 37, 38, 39, 41, 44, 47, 50, 57)

This Law shall regulate relations emerging in the course of issuance and circulation of securities, exercising activities of securities market entities, and state regulation of the securities market.

CHAPTER I. GENERAL PROVISIONS

Article 1. The Securities Legislation of the Republic of Kazakstan

The RK securities legislation includes this Law, other laws governing legal relationships related to securities issuance and circulation, the statutes of RK President and the Government, as well as of normative legislation acts of the RK governmental agencies issued in accordance with the legislation of the Republic of Kazakstan.

Article 2. Basic concepts

The following concepts shall be made use of in this Law:

Underwriter - a legal entity, which possesses a license for exercising broker and dealer activities on the securities market and which performs placement of securities of an issuer on contractual terms with such an issuer;