ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of November 17, 2015 No. 774

About approval of the Regulations on implementation of the state blocks of shares through the organizer of trade in the security market

According to article 14 of the Law of the Kyrgyz Republic "About privatization of state-owned property in the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Approve Regulations on implementation of the state blocks of shares through the organizer of trade in the security market according to appendix.

2. This resolution becomes effective after fifteen days from the date of official publication.

Appendix

Approved by the Order of the Government of the Kyrgyz Republic of November 17, 2015 No. 774

Regulations on implementation of the state blocks of shares through the organizer of trade in the security market

1. General provisions

1. This Provision regulates conditions and procedure for implementation of the state blocks of shares by method of placement and sale of shares through the organizer of trade in the security market on the stock exchange.

2. In this Provision the following main terms and concepts are used:

depositary - the professional participant of the security market performing depository activity on storage of securities, accounting of the rights and transition of the property rights to securities;

clearing - offsetting of mutual requirements and obligations of the parties participating in the calculations perfromed as a result of transactions with securities;

the custody account - the set of records in accounting system of depositary providing registration of details of the depositor, accounting of its securities and fixing of the rights affirmed by these securities;

authorized body - authorized state body in the field of management of state-owned property;

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