KASE Approved New Rules of Rewarding Most Distinguished Members
OREANDA-NEWS. June 30, 2011. By Kazakhstan Stock Exchange (KASE) Management Board decision has been approved the new edition of KASE internal document "Rules of Annual Rewarding the Most Distinguished Members of Kazakhstan Stock Exchange" (the Rules), reported the press-centre of KASE.
The Rules will become effective from July 1, 2011, excluding the norm defining the nomination "Derivatives Market Leader", which will become effective later by the Management Board separate decision.
The most substantial distinctions of the new edition versus the previous effective until July 1, 2011 are as follows:
- the "Derivatives Market Leader" nomination has been added, the rewarding on which KASE will start based on sufficient activities on the futures contracts market;
- the "Exchange Currency Market Leader" nomination (later will be published a separate news) has been removed;
- has been added KASE member activity indicator adjustment mechanism in case of a fare competition principles violation.
The document text has been supplemented with editorial amendments; the document name was changed and were made amendments improving the document structure.
From July 1, 2011, the previous Riles version will be invalid.
The Rules text will be available on KASE website at http://www.kase.kz/files/normative_base/diploms_eng.pdf in the nearest time.
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