KASE Amended Regulations on Membership
OREANDA-NEWS. By Kazakhstan Stock Exchange (KASE) Council decision of June 18, 2009 was approved addition # 11 to KASE internal document "Regulations on Membership" (Regulations), developed to ensure compliance with Rules of Trades Organizers Activities Implementation in Securities and other Financial Instruments, approved by the Board Resolution of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) of October 29, 2008 # 170, reported the press-centre of KASE.
The mentioned addition sets forth that if any exchange member trader makes an error, which entailed suspension of trades in a financial instrument, this trader can be removed from trades by the KASE Board decision.
The mentioned addition was submitted to AFS for approval and will be given effect from the first working day, following the day of its approval.
Regulations revised text will be published on KASE website at http://www.kase.kz/files/normative_base/members.pdf in the nearest time.
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