Licensing of brokers
and clearing centres of commodity exchanges will be introduced in Kazakhstan. The
commodity exchanges themselves will be excluded from the category of small and
micro-businesses. The Senate, the Upper House of the Kazakh Parliament, has
approved the corresponding law. The provisions of the document aim to improve
legislation in the field of exchange trading and enhance the country’s investment
climate. Amendments also provide for the expansion of the competencies of the
government and antimonopoly authorities. As a result, state control over the
activities of exchange trading participants will be strengthened.
«The measures to ensure
the legitimate interests of investors have also been addressed. In particular,
a special investor registry is provided for the use of data on investment
activities within the country’s territory. Additionally, decisions by state bodies
and local executive authorities to conduct inspections of investors included in
the registry are made only after mandatory coordination with the prosecutor,» noted
Maulen Ashimbayev, Chairperson of the Senate, the Upper House of the Kazakh
Parliament.
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