Economy, business and services

No. 3 (24) - 2024 / 2024-09-30 / Number of views: 43

ISSUES OF STATE REGULATION OF THE SECURITIES MARKET

Authors

  • R.K. Yelshibayev

Keywords

stock market, securities, issuer, investor, trader, broker, dealer, state regulation, Kazakhstan Stock Exchange

Link to DOI:

https://doi.org/10.58805/kazutb.v.3.24-517

How to quote

Yelshibayev Р. “ISSUES OF STATE REGULATION OF THE SECURITIES MARKET”. Vestnik KazUTB, vol. 3, no. 24, Sept. 2024, doi:10.58805/kazutb.v.3.24-517.

Abstract

The activity of the stock exchange has increased significantly in the country. The expansion of the segment of private investors is especially noticeable. This directly depends on the economic stability in the country, the level of inflation, and the growth of real incomes of the population. Therefore, the focus should be on stability in the country, improving the well-being of the population, economic growth, the monetary system, and the activity of business entities. The pandemic also influenced the growing interest of individuals in buying securities. Private investors began to consider alternative sources of bank deposits, ways to generate additional income. In addition, the digitalization of brokerage services provided everyone with access to investing.

Since 2020, second-tier banks have received permission to conduct brokerage activities, which has increased their activity. Now individual banks of the country (Halyk Bank, Bank Center Credit) can sell securities through mobile applications. Now work is underway to increase activity in the securities market not only of large companies, but also of small and medium-sized businesses. Therefore, it is very important that the state at the initial stage carries out systematic work to intervene, support and regulate the securities market.

The article discusses the need to develop the stock market and issues of government regulation in the country. The importance, main goal, tools and methods of implementing state regulation of the securities market are indicated, and current problems are identified and ways to solve them are proposed.