KASE: FSA Coordinated Changes in Membership Regulation
OREANDA-NEWS. As was informed earlier, by the decision of Kazakhstan stock exchange's (KASE) Council dated August 20, 2007 addition #8 in KASE's internal document Membership regulation (Regulation) were approved, reported the press-centre of KASE.
Additions were coordinated with Agency of the Republic of Kazakhstan for regulation and supervision of financial market and financial organizations (AFS) on and have been given effect since October 3, 2007.
According to the Additions, the Regulation about membership was added by the definitions of membership under category "A" as giving the right to participate in the trades with all financial instruments that are circulating on the special trading floor (STF) of the regional financial center of Almaty city (RFCA) and also by the requirements to the members of KASE under categories "P", "H", "K", "C", "B" to be registered and to function in the legislative form of joint stock company.
The additions were adopted due to implementation of the law of Kazakhstan Republic "About corrective action and changes in certain legislative acts of Republic of Kazakhstan regarding development of the regional financial center of Almaty city" since August 8of 2007. According to this law, the participants of RFCA including those, registered as juridical persons in the legislative form of partnership with limited liabilities by the Agency of Republic of Kazakhstan of regulating of RFCA activity, received the opportunity to conclude deals with financial instruments not only on STF RFCA but also on other trading floors of KASE.
Renewed text of Regulation is published in KASE's website at http://www.kase.kz/geninfo/normbase/
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