Kazakhstan to Introduce Mandatory Licensing for Exchange Brokers
Kazakhstan will require mandatory licensing for exchange brokers and clearing centers of commodity exchanges starting January 1, 2026, according to the Agency for Protection and Development of Competition (APDC) cited by Kazinform News Agency.
The licensing aims to enhance transparency, reliability, and fairness among market players, while safeguarding the interests of all parties involved in exchange trading.
“The Agency advises exchanges to provide advance guidance to trading participants and adjust the deadlines for submitting applications to buy or sell exchange-traded goods, taking into account the time needed to obtain licenses. This measure is intended to help prevent any disruption to trading at the beginning of 2026.”
Market participants are urged to start preparing for the licensing process promptly.
“Obtaining licenses in a timely manner will help ensure the smooth and stable functioning of the exchange market. The Agency will continue to monitor preparedness and provide the necessary methodological support to market participants.”
Earlier, Kazakhstan’s Majilis approved the republican budget for 2026-2028 on October 22.
Author's summary: Kazakhstan enforces mandatory licensing for exchange brokers and clearing centers from 2026 to enhance market transparency and stability, with authorities urging early preparation to prevent disruptions.