Mechanisms to protect the interests of investors in the securities market

Abstract

The relevance of the research topic is dictated by the current situation in the stock market, associated with greater involvement and increasing interest of individuals in various investment instruments. In this direction, only over the past two years, there has been a significant increase in retail investors. The interest of Kazakhstani retail investors in foreign markets is also increasing.

On the other hand, there is a rather low level of financial literacy of citizens, which hinders the development of financial markets, reduces confidence in financial institutions, and also inevitably leads to the growth of unscrupulous players in the securities market. Against this background, the problem of creating legal mechanisms to protect the rights and interests of investors in the securities market is being actualized.

The purpose of the study is to develop mechanisms for the protection of qualified and unskilled investors in the securities market through the introduction of modern international approaches to their regulation. Within the framework of this goal, a number of tasks have been put forward. This article focuses on one of them - the study and analysis of the legislation of the Republic of Kazakhstan regulating the regulation of qualified and unqualified investors for compliance with its international practice.

The object of the study was the legislation of the Republic of Kazakhstan on the securities market. Assessment of compliance of Kazakhstan's regulation of qualified and unqualified investors with international practice.

The methodology of the study consists of a comparative legal, formal-logical and systematization method. The theoretical and empirical base of the study includes the legislation of the EU countries and the Republic of Kazakhstan regulating the securities market, the results of research by various scientists on this topic, as well as statistical data.