Kazakhstan Central Securities Depository to engage with Bloomberg and Reuters

Kazakhstan’s Central Securities Depository (KCSD) has updated its list of statutory authorities for registering financial instrument transactions and information operations, according to a regulation published on the website of Kazakhstan’s Agency for Regulation and Development of the Financial Market (ARDFM). The amended list now includes applications for conducting operations and other documents submitted through various information systems such as Bloomberg and Reuters.

Documents issued by the stock exchange or a clearing organization operating within the Astana International Financial Centre, as well as those from authorized foreign organizations or clearing entities authorized to operate in a foreign jurisdiction, will also be considered as valid for registering transactions with KCSD.

Transactions and information operations will be registered under agreements between companies and KCSD. Previously, KCSD registered transactions only based on orders from a security holder and its client, a trading organizer, a clearing organization or a central counterparty.

Under the new regulation, KCSD will also administer taxes on income generated from international financial instruments.

To clarify whether these amendments were so necessary, Kursiv.media reached out to KCSD for comment. The depository had not responded at the time of publication.

KCSD serves as the central repository for securities ownership records and conducts settlements for all stock-exchange and over-the-counter transactions in Kazakhstan. The depository also provides local market participants with access to international securities settlement systems.