OREANDA-NEWS. March 03, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors, changes and additions # 17 (Amendments) to KASE internal document "Rules of Repo Transactions Execution" (Rules) have been approved, reported the press-centre of KASE.

The Amendments will be submitted to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (FSA) and made effective upon a decision of KASE Management Board simultaneously with making effective KASE internal document "Regulations on Settlements Upon Securities Trading According to Settlement Scheme Т+0 with Full Coverage".

The amendments stipulate the following:

- in case settlements on closing repo deals are executed on accounts controlled  by Confirmation System users, only confirmation from a Confirmation System user is used to confirm the readiness for execution of such deals;

- a message about the readiness to execute a closing repo deal has to be sent by a Confirmation System user to the trading system not later than 90 minutes before the end of the trading session during which that deal has to beexecuted.

The renewed text of the Regulations will be published on KASE web-site after FSA's approval.