Ministry of Finance of Republic of Kazakhstan announced beginning of procedures for introduction of institute of primary dealers in government securities market from September[...]

21.08.24 18:15

/KASE, August 21, 2024/ - The Ministry of Finance of the Republic of Kazakhstan published the following news on its website: quote The Ministry of Finance of the Republic of Kazakhstan announces the start of procedures for introducing the institute of primary dealers in the government securities market from September 1 of this year. These procedures will include determining the list of primary dealers, as well as the format for the functioning of the system and the development of the necessary documents. The institute of primary dealers performs key functions aimed at ensuring the stability and efficiency of the government securities market. The tasks of primary dealers cover a wide range of activities from active participation in primary auctions for the sale of government securities to maintaining secondary market liquidity. One of the most important goals is to create a sustainable basis for financing the republican budget by allowing investors to freely purchase and sell government securities, as well as increasing the transparency and liquidity of the secondary market. At the same time, the introduction of the institute of primary dealers will significantly accelerate the development of the domestic government securities market, creating a more dynamic and liquid trading environment. These measures will strengthen investor confidence and lead to sustainable growth and development of the domestic government securities market. unquote This information is published on: - www.gov.kz/memleket/entities/minfin/press/news/details/830883?lang=kk - in Qazaq; - https://www.gov.kz/memleket/entities/minfin/press/news/details/830883?lang=ru - in Russian. [2024-08-21]