OREANDA-NEWS. April 25, 2008. For avoidance of misinterpreting of internal documents of Kazakhstan Stock Exchanges (KASE), it will be explicitly established therein that, reported the press-centre of KASE:

- KASE member is liable for obligations and responsibilities on the exchange deals concluded thereby regardless if he acted as a dealer or a broker in the deal;

- KASE member is entitled to participate in trades in the interests of the client only on the basis of a corresponding agreement of the commission;

- KASE considers applications for conclusion of the deals, submitted by KASE members in the interests of their clients, and the deals, concluded by KASE members in the interests of their clients, as submitted (concluded) on the basis of corresponding agreements of the commission.

A corresponding decision was made by the Exchange Council at its session, held April 24, 2008.

This decision of KASE Council will be effective April 28, 2008.

More detailed information on corresponding changes in the normative base of the exchange will be released later on.