KASE Published AFS Letter on Broker Responsibility
OREANDA-NEWS. March 31, 2009. Kazakhstan Stock Exchange (KASE) received the copy of letter of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) of March 26, 2009 # 05-03-25/1400 on issues of a broker responsibility on deals, being executed in the KASE trading system, reported the press-centre of KASE.
According to this letter AFS believes that, "in case of non-fulfillment by any party of the deal, concluded in the stock exchange trading system, its obligations, claims on the deal must be asserted by brokers to each other".
This letter is the response to Centras Securities letter of February 3, 2009 # 6318.
The letter of AFS of March 26, 2009 # 05-03-25/1400 is published on KASE website at address http://www.kase.kz/files/mix/afn_letter_09_03_26.pdf
The letter of Centras Securities of February 3, 2009 # 6318 is published on KASE website at address http://www.kase.kz/files/mix/cs_letter_09_02_03.pdf
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