KASE Makes Amendments to Rules of Rewarding of its Members
OREANDA-NEWS. April 18, 2012. By Kazakhstan Stock Exchange (KASE) Management Board decision of February 21, 2012 changes and addition # 1 to KASE internal document "Rules of Annual Rewarding of the Most Distinguished Members of Kazakhstan Stock Exchange" (the Rules), effective from February 21, 2012, have been approved, reported the press-centre of KASE.
The mentioned amendments specify that Exchange members are excluded from the list of candidates for rewarding, if during the last expired calendar year and until the date of approval by KASE Management Board of the list of KASE members liable for rewarding based on this year results:
- validity of one of the candidate's licenses in the field of his main activities was suspended or terminated by the licensor (excluding cases of voluntary return of license);
- sanction was applied to the candidate for making a deal in securities for purposes of fraud at the securities market, according to the legislation of the Republic of Kazakhstan;
- sanctions were applied to the candidate for two or more times in accordance with the legislation of the Republic of Kazakhstan for actions other than actions stipulated by previous paragraphs of this sub-item.
In addition, amendments carry editorial character.
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