You can fund your brokerage account in the following ways:
You need to add the broker's commission for the purchase transaction (and the amount of the transfer commission in case of replenishment of the account through the HalykPay system or POS-terminal) to the investment amount (the amount for which financial instruments are purchased).
To transfer money from a brokerage account to your current/card account, you must fill out and submit to the broker an order to transfer money, indicating the transfer amount, with the exception of amounts intended for the execution of previously submitted orders for the purchase of financial instruments, commissions of the broker and third parties.
For users of the Halyk Finance mobile application, an order to withdraw funds can be submitted through the mobile application.
If the client changes his personal information, he must notify Halyk Finance as follows:
The client's funds and securities are held on the client's sub-account in the Central Securities Depository. If there are securities in the portfolio, which are traded on the international market, they are hold in the custody bank account (JSC «Bank Centercredit»)
The broker operates in accordance with the Law on the Securities Market, the Rules for Brokerage and (or) Dealer Activities in the Securities Market, and other regulatory legal acts. the Regulations for the implementation of brokerage activities in the securities market is the internal document regulating the brokerage activities of the company is.
Income received from transactions on the KASE trading platform by the method of open trades with securities included in the official list of KASE is exempt from taxation.
In cases where non-government securities are not included in the official list of KASE, all income from such securities is subject to taxation in accordance with the procedure established by the Tax Code of the Republic of Kazakhstan.
In cases where non-government securities are included in the official list of KASE, but transactions with such securities were made not on the KASE trading platform, the income from the increase in value on such securities is subject to taxation in accordance with the established procedure.
Operations with government securities are completely exempt from taxation.
Dividends paid on foreign securities are mainly taxed. For example, in the USA, the Foreign Account Tax Compliance Act, better known by its abbreviation FATCA, was passed in 2010 and is directed against tax evasion by American citizens and residents. The adoption of FATCA had major external economic consequences, since it obliges foreign financial institutions to report to the US Internal Revenue Service on the movement of US taxpayers' funds. Otherwise, financial institutions expect sanctions in the form of 30 percent fines on the movement of funds from their correspondent accounts in US banks and even the closure of such accounts. Since our country and the company, in particular, are parties to this agreement, dividends of the company's clients are taxed at 15%.
Securities market entities are prohibited from:
Persons participating in the transaction, recognized as made for the purpose of manipulation in the securities market, shall be liable under this Law and other legislative acts of the Republic of Kazakhstan.
A qualified investor is individual who is recognized as capable of trading in the securities market in respect of those types of financial instruments and services that are intended only for qualified investors.
An unorganized market is the circulation of securities without observing the rules that are uniform for all market participants; this is a market where the rules for concluding transactions, requirements for securities, participants, etc. are not established, trading is carried out arbitrarily, in private contact between the seller and the buyer. There is no system for disseminating information about completed transactions.
Types of securities markets depending on the place of trading:
Over-the-counter market - the sphere of circulation of securities not admitted to quotation on stock exchanges. The over-the-counter market deals with the circulation of securities of those joint-stock companies that do not have a sufficient number of shares or income in order to register (list) their shares on any exchange and be admitted to trading on it. It can be organized or unorganized. An organized OTC market is formed by stock shops, bank branches, as well as dealers, which may or may not be members of the exchange, investment companies, investment funds, bank branches, etc.
