The legislation of the Kyrgyz Republic regulating the securities market consists of the Civil Code of the Kyrgyz Republic, the Law of the Kyrgyz Republic “On Securities Market”, Law of the Kyrgyz Republic “On Joint Stock Companies”, Law of the Kyrgyz Republic “On State Service for Regulation and Supervision of Financial Market of the Kyrgyz Republic”, and subordinate legislation.
Exchange Trade System (ETS) and Kyrgyz Stock Exchange consolidated into one stock exchange in March 2011. Central Asian Stock Exchange (CASE) was declared bankrupt in 2010. At the moment, there are one stock exchange (Kyrgyz Stock Exchange CJSC) and one depository (Central Securities Depository) operating in the stock market.
The state securities market regulator is the State Service for Regulation and Supervision of the Financial Market under the Government of the Kyrgyz Republic, which regulates the relations arising in connection with the state regulation and supervision over non-banking financial market, accounting and auditing.
The State Service for Regulation and Supervision of the Financial Market of the Kyrgyz Republic also being a supervisory authority is authorized, for the purposes of protecting the rights of investors and other third persons, to conduct inspections of securities market participants.
The state securities market regulator possesses relevant authorities to carry out inspections of securities market participants and is entitled to impose certain sanction thereon licenses professional securities market participants to carry out activities in the securities market.
Investment in Securities
According to the information available on the KSE website, during the second half of 2016, on the trading floor of the KSE, there were registered 123 transactions involving 265,425,189 corporate securities for a total value of KGS 636.95 million issued by 29 companies operating in different sectors of economy.
Over the period of one month, in the primary market, there were offered securities of 6 companies including 4 companies operating in the banking sector.
In the secondary market, there were registered 87 securities transactions for a total value of KGS 109,20 million.
In June 2016, there were registered 35 listing transactions for a total amount of KGS 256.68 million.
Currently, there is one officially registered licensed trader operator in the Kyrgyz Republic, Kyrgyz Stock Exchange CJSC (KSE).
At present, the Kyrgyz Government makes efforts to relocate all state treasury bills from the trade floor of the National Bank to the licensed trade floors, i.e. stock exchanges.
As of 2015, there were 64 professional securities market participants operating in the Kyrgyz Republic and holding licenses to engage in the following activities:
There are also investment funds and investment consultants operating in the Kyrgyz Republic. In the course of the stock market establishment, the following professional associations of securities market professionals have been founded to foster the development of the Kyrgyz securities market.
 Based on information found on the official website of the State Service for Regulation and Supervision of Financial Market under the Government of the Kyrgyz Republic - www.fsa.kg