KASE Approved Regulations of Tplus0 Based Full Backing Settlements
OREANDA-NEWS. February 04, 2011. Kazakhstan Stock Exchange (KASE) Board of Directors by its decision of January 31, 2011 approved года утвержден new version of "Regulations of T+0 Based Full Backing Settlements by Securities Trading Results" (the Regulations), reported the press-centre of KASE.
The Regulations shall be submitted to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations.
The Regulations date of effect shall be announced in addition after the launch of KASE trading system modified versions.
The following amendments have been made to the Regulations new version during its agreement with Central Securities Depository (the Depository):
- clarification of KASE and the Depository interaction order;
- clarification of responsibilities of trades participants in case of imposing of a burden on their accounts in the Depository based on authorized government bodies decisions;
- regulation of information exchange between KASE and the Depository on deals and settlements;
- correction of terminology in compliance with the Depository accepted terminology.
In addition, to the Regulations have been made editorial amendments.
From the Regulations effect date, the KASE internal document "Regulations of Settlements by Securities Trading Results" shall become invalid.
The Regulations text shall be available on KASE website after approval.
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