KASE Approved Addition to Specification of Automatic Repo
OREANDA-NEWS. May 25, 2009. As previously informed, by the decision of Kazakhstan Stock Exchange (KASE) Board of April 28, 2009 approved addition No. 11 to the KASE internal document "Specification of Automatic Repo" (Specification), reported the press-centre of KASE.
The addition was made as on April 23, 2009 the Exchange Council approved changes an additions No. 12 to the KASE internal document "Rules of Repo Transactions".
In accordance with the addition item 3-2 of the Specification was complemented with a new sub-item:
"1-1) the issuer failed to timely pay nominal value of its debt securities, admitted to circulation on the Exchange on expiry of circulation thereof; and/or".
The addition shall be made effective simultaneously with the changes and additions No. 12, which were sent to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) for approval and shall be effective on the first business day following the day of concord with AFS.
The mentioned changes and additions No. 12 were approved by AFS on May 20 and made effective from May 21, 2009; therefore the above said addition was made effective from May 21, 2009.
The Specification revised text is published on KASE website at http://kase.kz/files/normative_base/sp_repo.pdf
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