KASE BoD Approved Changes to Currency Trading Settlement
OREANDA-NEWS. June 01, 2010. The Board of directors of Kazakhstan Stock Exchange (KASE) approved changes No. 18 to KASE internal document "Rules on currency trading settlement" (the Rules), reported the press-centre of KASE.
The changes annul mandatory condition of preliminary agreement with KASE on blocking securities for purposes of security of obligations before KASE at selection of regimen of urgent delivery of selling currency.
The changes are pending approval with the Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organizations (FSA) and will be introduced the next day after the approval.
The renewed text of the Rules will be released at the KASE website after the approval with FSA.
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