14.07.20
10:47

Amendments to the Rules on Providing Payment Agent Services have been approved

The addition and change No. 2 (the amendments) to the Rules on Providing Payment Agent Services have been approved by the resolution of the Board of Directors of Central Securities Depository JSC (the Central Securities Depository), the absent voting of which was held on July 9, 2020.

The amendments have been developed for the purpose of bringing the Rules on Providing Payment Agent Services in compliance with subparagraph 3) of Article 1 of the Law of the Republic of Kazakhstan "On state regulation, control and supervision of the financial market and financial organizations" No. 474-II dated July 4, 2003, and stipulate issuer’s obligation, using the Central Securities Depository’s paying agent service, to notify the Central Securities Depository about facts of non-fulfillment or improper fulfillment of obligations on payment of interest on bonds and / or nominal value of bonds upon their redemption, violation of covenants and / or other restrictions on bonds.

The amendments will be effective upon expiry of 25 calendar days from the day of approval.

Russian version of the Rules, updated in accordance with the amendments, will be published in subsection [Providing Payment Agent’s Services] of section [Regulatory base] on the Central Securities Depository’s website.