OREANDA-NEWS. March 06, 2012. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors KASE a revised edition of KASE internal document "Rules of Repo Transactions Execution " (Rules) has been approved, reported the press-centre of KASE.

The Rules 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 for approval. The effective date of the Rules will be announced additionally.

The new edition of the Rules summarizes all changes and additions made to them.

In addition, due to absence of a mechanism for notifying repo transactions agents in case of their failure and termination of a closing repo transaction, additions have been made to the Rules, according to which KASE:

- not later than two working days after the termination of a closing repo transaction, it shall notify the closing repo transaction's agents of its termination;
 
- not later than two working days after receipt of information from JSC "Central Securities Depository" it shall notify repo transaction's agents in written of unblocking the repo transaction's subject and its termination.

From the Rules' effective date, the previous edition of the Rules will be deemed invalid.

The revised text of the Rules will be published on KASE website after its approval by the authorized body.