AFS Approved Amendments to Rules of Exchange Securities Trading
OREANDA-NEWS. As previously informed, by Kazakhstan Stock Exchange (KASE) Council decision of June 18, 2009 were approved change and addition # 11 (amendments) to KASE internal document "Rules of Exchange Securities Trading" (Rules), 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.
Mentioned amendments were approved by AFS on July 230, 2009 and were give effect from July 21, 2009.
In compliance with mentioned amendments item 7 of article 12-2 "Critical Events, which Entail or may Entail Trades Suspension" is stated as follows:
"7. If after the Exchange consultation with an authorized body was not received an authorized body letter on suspension of securities trading period extension, trades in securities of any denomination, suspended in compliance with item 3 of this article, are revived on the new trading day on securities, which include securities of this denomination.
Trades can be revived during the same trading day, when they were suspended, if trades were suspended due to a trader or the Trading system technical error and if after the Exchange consultation with an authorized body was not received an authorized body letter on suspension of securities trading period extension.
Trades in securities of any denomination, suspended in compliance with item 5 of this article, are revived upon expiry of established by the Exchange Board such suspension period".
Mentioned amendments were submitted to AFS for approval and will be given effect from the first working day, following the day of its approval.
Rules revised text is published on KASE website
at http://www.kase.kz/files/normative_base/rules.pdf
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