KASE Approved Regulations on Exchange Council Expert Committee
OREANDA-NEWS. By the decision of Kazakhstan Stock Exchange (KASE) Council of March 26, 2009 was approved KASE new internal document "Regulations on Exchange Council Expert Committee" (Regulations), reported the press-centre of KASE.
Regulations were developed in compliance with the Law of the Republic of Kazakhstan "On Securities Market" of July 2, 2003 and Rules of recognition of deals in securities, concluded on the organized securities market as made for manipulation, and forming and operation of the stock exchange board of directors committee on recognition of deals in securities as made for manipulation, and its quantitative composition, approved by the Board resolution # 196 of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of November 28, 2008, and defines the objective, function, structure, authorities, responsibility and order of the Exchange Council Expert Committee activities implementation.
The Exchange Council Expert Committee is the committee of stock exchange board of directors on recognition of deals in securities as made for manipulation, the creation of which is mandatory in compliance with article 56 of the mentioned Law and item 8 of mentioned Rules.
Regulations effective date will be informed additionally.
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