AFS Coordinated Amends to Clause on Membership Fees and Exchange Dues
OREANDA-NEWS. As it was informed earlier by decision of Exchange council of Kazakhstan stock exchange (KASE) dated September 21, 2007 were included changes and additions #8 (amends) to KASE's internal document "Clause about membership fees and exchange dues" (Clause), reported the press-centre of KASE.
Amends were coordinated with Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations (AFS) on October 15, 2007 and had taken affect since October 1, 2007.
In accordance with named amends sizes of monthly membership fees on "B" category (with right of participation in trades with foreign currencies) since October 1, 2007 are increasing:
- from 150- to 400-times size of monthly payment indicator (MPI) – for member of exchange, not being the market-maker at any foreign currency and paying the monthly membership deus of "B" category at scheme1 (without additional payment of commission fees of exchange on operations with foreign currencies);
- from 75- to 200-times size of MPI - for member of exchange, being the market-maker on any foreign currency and paying monthly membership fees of "B" category by scheme 1;
- from 125- to 300-times size of MPI - for member of exchange, paying the monthly membership fees of "B" category at scheme 2 (with additional payment of commission fees of exchange for operations with foreign currencies).
Except this, since October 1, 2007 from the equivalent of 1,5 to 3,0 m. US dollars is increased the size of monthly net-position on purchase and sale deals with foreign currencies for member of exchange, selecting scheme 2 for payment of monthly membership fees of "B" category, from which is starting the charging of commission fees of exchange on operations with foreign currencies.
By amends is stated that increase of sizes of monthly membership fees is not spread on National Bank of Republic of Kazakhstan, in relation to which are applying the sizes of monthly membership fees acting till October 1, 2007.
The renewed text of Clause is published on the web site of KASE at http://www.kase.kz/GenInfo/NormBase/
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