THE RESOLUTION OF THE NATIONAL COMMISSION ON THE SECURITY MARKET IN CASE OF THE PRESIDENT OF THE KYRGYZ REPUBLIC

of September 28, 1998 No. 34

About suspension, response and cancellation of licenses for the right of conducting professional activity on securities

The national commission on the security market in case of the President of the Kyrgyz Republic decides:

1. According to the Law of the Kyrgyz Republic "About the security market". Regulations on procedure for licensing of professional activity on the securities approved by the order of the Government of the Kyrgyz Republic of March 31, 1998 No. 173, the resolution of the National commission on the security market in case of the President of the Kyrgyz Republic of February 3, 1998 No. 1 "About introduction of amendments to the resolution of the National commission on the security market in case of the President of the Kyrgyz Republic of August 27, 1997 No. 20":

- suspend the license No. 109 of June 11, 1998 granted to foreign Pakistani OSOO "GORA ASSOCIATES" on the right of conducting broker activities for securities for a period of 3 months;

- withdraw and cancel:

the license No. 30 of August 9, 1994 granted by OSOO "Bereke-holding Company" on the right of conducting intermediary activities for issue of securities, commission, business activity on securities;

the license No. 74 of February 28, 1997 granted REMIKS Financial investment company on the right of conducting intermediary and commission activities for securities;

the license No. 98 of October 2, 1996 granted by OSOO the Financial and consulting company "Niyet-Araket" on the right of conducting consulting, intermediary and commission activities for securities;

the license No. 113 of August 7, 1997 granted by Gruppa Credit Ltd on the right of conducting commission and intermediary activities for securities;

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