The financial market of the Republic of Kazakhstan and its legal protection in the Eurasian Economic Union

Abstract

The article contains an analysis of the legal norms governing the financial market of the Republic of Kazakhstan with the law of the Eurasian Economic Union, which is a new legal phenomenon. The identification of  the legal nature of the state’s defense mechanisms in financial integration processes is the main idea of this  article, acquiring a wider and deeper character and taking into account the particularities of the national financial sector of the Republic of Kazakhstan. Achieving this goal required a study using methods including, but not limited to synthesis and analysis, comparative law, legal dogmatic, historical and legal. These meth ods together allowed to reveal the features of capital migration between different sectors of the economy and  states, as well as legal mechanisms for protecting the financial market of the Republic of Kazakhstan. The legal essence of the fundamental principles of development and cooperation in a regional association has also  been identified. Among other things, the issues examined allowed us to reflect the special role of the treaty bodies of the Eurasian Economic Union related to the implementation of the tasks and goals identified between member states. The results obtained will minimize the negative processes of integration and the for mation of a common financial market, which covers the most important part of the national economic system  of the Republic of Kazakhstan. Ignoring and the lack of action in the common financial market without a protectionist approach will not allow welfare to grow.