FSA Approved Amendments to Regulations on Membership
OREANDA-NEWS. September 06, 2010. As previously informed, by Kazakhstan Stock Exchange (KASE) Board of Directors on July 29, 2010 approved an amendments # 14 to the KASE internal document "Regulations on membership" (Regulations), reported the press-centre of KASE.
Amendments were approved by the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) and became effective from September 2, 2010.
According to amendments KASE stock market members that are non-banking organizations must quarterly provide to KASE the calculation of own capital sufficiency, instead of monthly provision as before, the date of provision by such members of quarterly financial statements was also changed.
In addition, amendments oblige KASE members to notify KASE in writing on violation by them of prudential regulatory and other norms and limits, set forth by the government body on regulation and supervision of financial market and financial organizations, during three working days beginning the date of such violations.
Revised Regulations shall be available on KASE website at
http://www.kase.kz/files/normative_base/members_eng.pdf in the nearest time.
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