System of Updated Reports of Issuers Works on KASE
OREANDA-NEWS. On January 08, 2007 Kazakhstan Stock Exchange (KASE) reminded that since October 1 of 2004 KASE has introduced notification system for all parties interested in receiving headlines of updated information submitted to KASE by issuers according to the Listing Rules, reported the press-centre of KASE.
The system means following order of document circulation.
Issuers' documents received by the Monitoring department of Listing Department of KASE (in electronic or paper form) have to be examined and registered during one working day (or on the next day depending on of time of a day documents have been received). Then, they must be divided into three categories:
The first category includes documents inconsistent to Listing Rules and rejected by KASE. The issuer that should be notified of such documents must submit amended and modified versions.
The second category includes documents that do not require any additional processing. Usually such documents relate to press releases, news, statements, and other documents containing information for public distribution through KASE. Such documents are transferred to Information and Analysis Department of KASE and could be distributed using KASE news wire.
The third category includes documents to be published in PDF format on web site of KASE (http://www.kase.kz/emitters/). Usually such documents include financial statements of issuers, reports, investment memorandums, auditor reports, emission terms and conditions, etc. These documents are in turn to be submitted to Information and Analysis Department of KASE for further processing. Such processing can take from one to several days depending on their volume.
Considering right of any third party to receive actual and prompt information on issuers KASE sets notification system for third category documents. KASE will notify all third parties on updates of documents during the day documents have been received through emailing of special information (update) alerts. In this regard, KASE is introducing email database.
Any person who is interested in receiving such updates must submit application containing personal email to following address: info@kase.kz with subject - "For update notification system". Thus, information alerts received by a person would allow him to examine documents even before its publication in the network (by directly examining it at KASE office).
KASE kindly asks all interested parties to notify about changes of email by submitting appropriate information to info@kase.kz. Otherwise, KASE takes no responsibility for proper submission of information.
Another introduction, which have been introduced by the exchange since October 1, 2004, is obligatory distribution by Information and Analysis Department of update alerts in the KASE newswire with a list of all newly submitted documents published on the web site of KASE (Issuers section). Such news are distributed on the day of document was published. KASE considers that introduction of the system would simplify search of new documents and limit the need for constant monitoring of www.kase.kz.
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