Simplified listing requirements

New Listing Requirements have been introduced since June 1, 2008 in the result of consolidation of the RFCA STF and KASE floors. The main innovation is the requirement to the number of free-float shares. It ensures the sufficient volume of the free float in the market and promotes to the increase in liquidity of the Kazakhstani stock market. 

Besides, a new listing structure assumes division of shares and debt securities and creation of liberal conditions for issuers to enter the stock market. It promotes to introduction of new financial instruments and attraction of new issuers of medium capitalization. Thus, the shares sector is divided into three categories:

- blue chips (the largest and liquid companies);

- medium business companies;

- young, prospect and rapidly growing companies.

Besides, the sector of debt securities is divided into two categories: rated and unrated securities.

The sector of investment funds is also separated.