KASE Approves Amendments to Regulations on Trading Methods
OREANDA-NEWS. October 14, 2011. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors, additions and changes # 7 (amendments) to KASE internal document "Regulations on Trading Methods" (Regulations), reported the press-centre of KASE.
The amendments will be submitted to the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (FSC NBK) and made effective after their approval by the authorized body.
The amendments are related to introduction of the new trading method – the subscription method, whereas a seller may choose whether to satisfy any of orders submitted to the trading system in full or partially, and they are concerned with description of parameters, date and time of conducting trading by this method. Execution of trading by subscription method is specified by a separate KASE internal document.
Besides, the amendments:
- regulate the procedure of executing repeated special trading sessions;
- determine measures aimed at preventing conclusion of agreed deals;
- define the procedure of satisfying orders on securities whose list is determined by KASE Management Board, and long-term savings treasury bills of the ministry of finance of the Republic of Kazakhstan (MEUJKAM);
- describe consequences of non-fulfillment of liabilities on deals concluded during special trading sessions.
The updated text of the Regulations will be published on KASE website, athttp://www.kase.kz/files/normative_base/methods.pdf after approval by FSC NBK.
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