About optimization of the procedure for issue of a custodial activity license to Central Securities Depository
Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market announces adoption of Decree No. 75 of the Management Board of the Agency dated 25 November 2025, "Changes to Decree No. 40 of the Management Board of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market dated 30 March 2020 "Approval of the Rules for Issue, Suspension and Revocation of Licenses for Professional Activities in the Securities Market."
Securities Market Law of the Republic of Kazakhstan empowers Central Securities Depository to carry out custodial activities in the securities market subject to a license for this type of activity.
The current licensing rules for organizations already licensed to carry out a type(s) of professional activities in the securities market fix a simplified procedure for issue of a license for additional activities in the securities market.
The Central Depository carries out professional activities in the securities market set out in clause 2-1 article 45 of the aforementioned law without a license by law.
Given that the Central Depository is an active professional participant in the securities market, the decree establishes a simplified procedure for issuing it a custodial activity license similar to the procedure for issuing licenses for additional professional activities to licensees of the securities market.
Full text of the decree is available on the website of the Agency.
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