RESOLUTION OF MANAGEMENT OF THE NATIONAL COMMISSION OF THE REPUBLIC OF KAZAKHSTAN ON SECURITIES

of October 8, 1998 No. 164

About approval of Rules of issue of the conclusions recommendations to the organizations performing broker and dealer activities in the security market for the conclusion of contracts for accomplishment of functions of the Primary dealer in the market of government securities of the Republic of Kazakhstan

According to the order of the Minister of Finance of the Republic of Kazakhstan of September 23, 1998 N 436 "About the organization of works on selection of Primary dealers in the market of government securities among institutional investors" Management of the National commission of the Republic of Kazakhstan on securities (further referred to as "The national commission")

decides:

1. Approve Rules of issue of the conclusions recommendations to the organizations performing broker and dealer activities in the security market for the conclusion of contracts for accomplishment of functions of the Primary dealer in the market of government securities of the Republic of Kazakhstan (are applied).

2. To management of licensing and supervision of central office of the National commission:

1) to bring the above-named Rules to the attention of the organizations performing broker and dealer activities in the security market. Ministry of Finance and National Bank of the Republic of Kazakhstan;

2) to inform National Bank of the Republic of Kazakhstan the Rules of issue of zaklyucheniyrekomendation to the companies on management of pension assets for the conclusion of contracts for accomplishment of functions of the Primary dealer in the market of government securities of the Republic of Kazakhstan approved by the resolution of Management of the National commission of June 26, 1998 N 101;

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