LAW OF THE KYRGYZ REPUBLIC

of April 13, 2018 No. 38

About introduction of amendments to the Law of the Kyrgyz Republic "About the security market"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on March 1, 2018

Article 1.

Bring in the Law of the Kyrgyz Republic "About the security market" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2009, No. 7, the Art. 761) the following changes:

1) in Article 3:

a) in the paragraph the sixteenth to replace the words "Chairman" and "Council" respectively with the words "chairman" and "council";

b) add Article with the paragraph the sixteenth the following content:

"Delisting - the procedure of exception of securities of the special list of stock exchange. Rules of delisting are established by stock exchange.";

c) add Article with paragraphs the twenty first and twenty second the following content:

"The skilled investor - the professional participant of the security market, physical person or legal entity - the nonresident of the Kyrgyz Republic, and also the institutional or individual investor whose one-time amount of money transferred for transactions to the professional participant of the security market of the Kyrgyz Republic is determined by the Government of the Kyrgyz Republic.

Features of release and the security circulation intended only for skilled investors are determined by the Government of the Kyrgyz Republic.";

d) add Article with the paragraph the thirty second the following content:

"Bond redemption - actions of the issuer for retirement of the placed bonds by payment of remuneration and nominal value (without the purpose of the subsequent sale) bonds or its convertings in the share (shares) of the same issuer according to the procedure, established by the prospectus of bond issue.";

Part 1 of Article 16-1 to add 2) with the paragraph the thirteenth the following content:

"-the documents confirming availability of ensuring obligation fulfillment of the issuer in case of release of secured bonds.";

3) Article 17-1 to add with part 4 following of content:

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