A government resolution dated March 20, 2024, has introduced changes to the criteria for trading securities on the stock exchange, effective from January 1, 2024.
The resolution specifies that when trading securities (excluding shares of mutual investment funds and debt securities) on exchanges operating in Kazakhstan, the following criteria for executed transactions with securities must be simultaneously met:
- The volume of securities transactions is at least 25 million tenge per calendar month.
- The number of securities transactions is at least 50 transactions per calendar month.
These criteria are supplemented by the following new standards:
When trading shares of mutual investment funds on exchanges, the following criteria for executed transactions with securities must be simultaneously met:
- The volume of transactions with shares of mutual investment funds is at least 20 million tenge per calendar month.
- The number of transactions with shares of mutual investment funds is at least 10 transactions per calendar month.
When trading debt securities within one issue on exchanges for the purposes of applying certain provisions of the Tax Code, the criterion for the volume of debt securities issued through open trading and in circulation of this issue is observed, amounting to at least 1 billion tenge. It is worth noting that the mentioned provisions of the Tax Code concern the conditions for tax exemption for legal entities and individuals.
The resolution will come into effect on April 7, 2024, and will apply to relationships arising from January 1, 2024.
