OREANDA-NEWS. February 17, 2010. It was informed earlier, the Exchange Council of Kazakhstan Stock Exchange (KASE) on December 24, 2009 approved new internal document "Regulations on Currency Market Committee" (the Regulations), reported the press-centre of KASE.

In connection with approval of the Regulations the Exchange Council approved corresponding changes and additions No. 15 (the Amendments) to KASE internal document "Rules on Currency Trade Settlement" (the Rules).

The Regulations and Amendments were agreed with the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) dated February 8, 2010 and implemented February 9, 2010.

The Regulations have been developed on request of the KASE Exchange Council for purposes of improvement of settlement safety on currency transactions and define the main tasks, functions, authorities, responsibility and the order of operation of the Currency Market Committee (the Committee).

In accordance with the Regulations the Committee is a permanent non-structure unit of KASE, monitoring and disclosing currency market member insolvency, and as may be required from time to time, may impose the regime of preliminary delivery of selling and/or payment of purchasing currency. Besides, the Committee may exercise other duties, related to currency trading, beyond jurisdiction of other KASE units.

The Regulations are available at the KASE website at
http://www.kase.kz/files/normative_base/currency_com.pdf

The renewed text of the Rules will be released at
http://www.kase.kz/geninfo/normbase/dmoney.pdf