OREANDA-NEWS. Following a decision of Kazakhstan Stock Exchange (KASE, or the Exchange) Board of Directors dated October 11, 2016, amendments No. 28 in KASE internal document "Rules on Execution of Settlements on Foreign Currency Trades Results" (the Rules) were approved, with effect from October 12, 2016.

Said amendments were made due to opening of a new correspondent account of the Exchange in the Chinese yuan in the Trading and Industrial Bank of China in Almaty, in addition to the current account in Subsidiary Bank "Bank of China in Kazakhstan".

According to the Rules, if the Exchange has several correspondent accounts in foreign currency, the trading participants – net sellers of foreign currency, must provide the Exchange with a notice according to the form of Appendix 5 to the Rules as on to what correspondent accounts of the Exchange the foreign currency they sold will be sent.

According to the changes, the Chinese yuan was included in said notice according to the form of Appendix 5 to the Rules.