Kyrgyz Government Issues Regulations On Derivatives

Yesterday the Government of the Kyrgyz Republic issued a resolution bringing long-awaited regulation to the domestic financial derivatives business. The full name of the document is "Regulations on types, terms of issue and circulation of derivative securities in the Kyrgyz Republic and the requirements as to their base asset" (adopted by Government resolution No 185 of 29 March 2017). We ar...

Referendum Results Announced: Stability Outlook Strong

On 11th December Kyrgyzstan held a constitutional referendum and a series of regional council elections. KLS Securities informs its clients and business partners outside Kyrgyzstan that in our opinion the outcome of the voting further strengthens the investment stability of the country. Although the voter turnout at the elections/referendum was at its historic low (slightly over 40%, country...

Cyprus Subsidiary of KLS Securities Initiates 50 Million USD Bond Issue

KLS Structured Investment Products Ltd., a Cyprus special purpose vehicle fully owned by KLS Securities LLC announces the registration of a 50 million USD bonds issue. These bonds are being sold through a private placement and the offer is not open to the general public. The issue will not be listed on any stock exchange and shall be offered to a limited number of investors only, with no public...

KLS Securities Launches A Venture In Hong Kong To Securitize Trade Receivables

KLS Securities LLC announces the establishment of a Hong Kong based venture (KLS Trade Finance Products Limited) which will enable our clients to invest into baskets of trade receivables as well as acquire the risk/reward of claims under individual contracts. This project was conceived in collaboration with our commodities trading partners and is aimed at providing additional investment opportu...

INTERCOMEX Starts Trading Gold Options

Bishkek-based International Commodity Exchange (INTERCOMEX) announced today the launch of gold option contracts, an instrument which was previously unavailable in Kyrgyzstan. We are proud to announce that our legal team worked closely with INTERCOMEX in developing the product concept and making it fit the regulatory environment of the Kyrgyz Republic. Vladimir Kiriusha, CEO of KLS Securities...

KLS Securities Launches KLS Eurasia Investment Fund

KLS Securities LLC is happy to announce the launch of KLS Eurasia Investment Fund, a Cayman Islands registered private fund for professional investors. The Fund is to invest into short to medium term opportunities in Europe and Asia, including the ex-USSR and economically related markets. The Fund's investment policy is subject to restrictions listed in our Compliance policy. The Fund acceed...

Kyrgyz Regulator Approves 'Gold Certificates'

KLS Securities LLC advises its clients that on 31st October 2014 the Executive Council of the securities market regulator, the Kyrgyz Government Financial Markets Regulation and Supervision Agency, approved the much advertised launch of 'gold certificates' in the Kyrgyz investment market. The concept of gold certificates is that they will be fully backed by physical gold and their price should ...

KLS Securities Renews Asset Management License

KLS Securiries LLC is happy to announce that the Kyrgyz Government Financial Markets Regulation and Supervision Agency (GosFinNadzor) today issued an Investment Asset Management License No 0149 to the company. The license was issued for an indefinite term. This license is to replace an older license for 'fiduciary asset management' which the company held for years prior to the legislation chang...

KLS Securities One Of The First To Join FATCA

KLS Securities LLC is advising its clients and business partners that on 24 June 2014 we acceeded to the agreement with the US Internal Revenue Service under the Foreign Account Tax Compliance Act (FATCA) and were assigned a Global Intermediary Identification Number (GIIN) ZJ54SY.99999.SL.417 We are the first professional investment company in Kyrgyzstan to join FATCA. We further announce th...