KASE Council Amends Changes to Securities Valuation Methodology
OREANDA-NEWS. May 18, 2010. The Exchange Council of Kazakhstan Stock Exchange (KASE) approved changes No. 11 to KASE internal document "Securities valuation methodology" (the Methodology), reported the press-centre of KASE.
The changes were sent for accord to the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) and will be made effective on the business day following their accord.
The changes were made for purposes of determination of deals and orders, parameters of which may be used for calculation of securities prices. The changes provide for ban of use of parameters:
- of deals, concluded in the KASE trading system, in other, apart from open trade methods;
- of orders, submitted to the trading system for conclusion of deals, in other, apart from open, trade methods;
- of orders, submitted to the KASE trading system within the special trade held by KASE and parameters of transactions, concluded on the basis of such orders, except for cases, when by the end of order submission period at the special trade in the KASE trading system, active orders from ten of more KASE members were registered.
Changes are of editorial nature.
The renewed text of the Methodology will be released at the KASE website after accord with FSA.
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