Asia Broker Services Removed from Securities Trading on KASE
OREANDA-NEWS. By Kazakhstan Stock Exchange (KASE) Board decision Asia Broker Services (Almaty) from August 10, 2009 is removed from securities trading on the Special Trading Floor of the Regional Financial Center of Almaty (STF RFCA) and the KASE main trading floor except closing of previously opened repo transactions, reported the press-centre of KASE.
The decision was made in compliance with sub-item 1) of item 27 of the KASE internal document "Regulations on Membership" based on resolution of the Board of the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations of August 5, 2009 # 173 on revoking the license of Asia Broker Services for brokerage and dealer activities with the right to keep clients accounts as the nominee holder.
At the next Exchange Council meeting will be discussed the issue related to exclusion of Asia Broker Services from KASE categories "A", "K", "P" and "H" membership.
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