KASE Confirms Changes and Additions to Internal Document
OREANDA-NEWS. December 03, 2007. By decision of Exchange council of Kazakhstan stock exchange (KASE) dated November 29, 2007 were confirmed changes and additions #9 (Amends) to KASE's internal document "Clause about membership dues and exchange fees" (Clause), which are taking effect since January 1, 2008, reported the press-centre of KASE.
Amends were developed in pursuance of decision of Exchange council of KASE dated October 31, 2007 about general decrease of rate of commission fees of exchange on market purchase-sale deals with corporate securities, made by accounts of physical entities. Except this, by Amends is providing more exact logic correspondence between separate points of 8-th Article of the Clause.
In accordance with Amends the rate of commission fee of KASE on purchase-sale deal with corporate securities, enclosed by any open trades' method, being in official list of KASE (excluding those securities, which are included to state shareholdings, sold by KASE) was decreased from 0,015 % to 0,01 % from sum of given deal with each of sides (if only this deal was not made by account of physical entity).
If such deal was enclosed by order, by account and in interest of physical entity, than according to Amends commission fee of Exchange on given deal is charging by next rates:
- on deal with sum to one million tenge inclusive - KZT100;
- on deal with sum from one to three millions tenge inclusive - KZT150;
- on deal with sum from 3 to 5 millions tenge inclusive - KZT200;
- on deal with sum more than 5 millions tenge – 0,01% from sum of deal.
Amends are directed to coordination in Agency of Republic of Kazakhstan for regulating and supervision over financial market and organizations (AFS).
Renewed text of Clause will be published on the web site of KASE at http://www.kase.kz/geninfo/normbase/ in the nearest time.
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