OREANDA-NEWS. September 06, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors amendments # 20 (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 the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (FSC NBK) for approval. The date of the amendments' becoming effective will be communicated additionally.

The Amendments stipulate the following:

- responsibility of parties in case of untimely submission of a settlement  confirmation on a closing repo transaction by a Confirmation System user is shown conspicuously ( the deal is terminated, the responsibility is carried by the deal's parties);

- prolongation of a nego repo transaction must be carried out on any trading day before the moment of opening of a trading session of the repo transaction's closing day.

Besides, the text of the Rules has been edited amnd refined.

The revised text of the Rules will be published on KASE website after approval of the Amendments by the FSC NBK.