KASE Approved Amendments to Regulations on Trading Methods
OREANDA-NEWS. November 03, 2010. By Kazakhstan Stock Exchange (KASE) Board of Directors decision have been approved amendments # 5 (Amendments) to the KASE internal document "Regulations on Trading Methods" (Regulations), reported the press-centre of KASE.
The Amendments shall be submitted to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) for approval and shall become effective after their approval.
The Amendments stipulate the following:
- a period of application submission for specialized trades implementation was increased from two to seven working days prior the trades date to early inform potential participants of specialized trades;
- a guarantee contribution fee size is defined by a seller (buyer) and can not exceed 20 % from the planned price set forth for a fixed lot size (excluding such guarantee fee size, defined in compliance with other KASE internal documents) as the full prepayment creates inconveniences for trades participants.
Revised Regulations shall be available on KASE website at http://www.kase.kz/files/normative_base/methods_eng.pdf after FSA approval.
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