01.03.2005 - 31.08.2005
Kazakhstan
Overall project value (EUR) | 150000 Euro (187500 USD) |
No. of staff provided | 3 Legal Experts |
Name of Client | Agency of the Republic of Kazakhstan for Regulation and Supervision of the Financial Market and Financial Organisations |
Financing agency | European Commission (EC) |
Name of partners | HTSPE Limited (The United Kingdom) |
Detailed Narrative Description of Project | Global and specific objectives of the project:
- To support the Government’s efforts to improve the functioning of Kazakhstan’s financial market; - To strengthen the Agency’s capacities to regulate and supervise the country’s capital market according to EU standards and best practice |
Detailed Narrative Description of Services provided | 1) Drafting a study on the country’s capital market and the Agency’s actual and possible role to regulate and supervise them with a focus on the provision of recommendations on (a) the introduction of EU directives in Kazakhstan’s legal system (including an assessment of the legislation’s compliance with EU directives) and (b) the implementation process of the relevant legal provisions;
2) Compiling a training programme, based on best European standards, and providing training sessions to a selective number of the Agency’s staff on improving the current system of regulating and supervising Kazakhstan’s capital market; 3) Compiling a set of selective documents (EU directives and relevant laws of EU Member States, etc.) and translating them into Russian; 4) Giving recommendations on draft laws and current legislation in the sphere of the capital market |