NBK Approved Order of Clearing Participants Monitoring and Control
OREANDA-NEWS. July 31, 2012. As previously informed, Kazakhstan Stock Exchange (KASE) Board of Directors by its decision approved new KASE internal document "Order of Clearing Participants Monitoring and Control" (the Order), reported the press-centre of KASE.
The Order has been approved by the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (FSC NBK) on June 29, 2012 and became effective from July 23, 2012.
The Order defines the requirements for information disclosure by trades clearing participants, the order of checking trades clearing participants and deadlines for formalizing results of such checks, as well as measures taken with regard to trades clearing participants, which do not meet requirements of the current legislation of the Republic of Kazakhstan and internal documents of the clearing organization.
The Rules will be published on KASE website in the nearest time.
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