KASE Approved Amendment on Futures Market Reserves & Guarantee Funds
OREANDA-NEWS. March 02, 2011. Kazakhstan Stock Exchange (KASE) Board of Directors by its decision has approved amendment # 2 to the KASE internal document "Regulations on Futures Market Reserves and Guarantee Funds" (the Regulations), reported the press-centre of KASE.
The amendment 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 its approval by the mentioned agency.
The amendment stipulates that the KASE Reserves Fund recourses must be kept on its bank accounts.
The Regulations revised text shall be available on KASE website at http://www.kase.kz/files/normative_base/funds_eng.pdf after FSA approval.
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