OREANDA-NEWS. January 15, 2013. As was announced earlier by Kazakhstan Stock Exchange (KASE) Board of Directors decision were approved changes and additions # 1 (the amendments) to KASE internal document "Rules of Clearing Activities on Deals in Financial Instruments" (the Rules).

The Rules were 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). The effective date of the amendments will be announced additionally.

The amendments stipulate:

1) procedures on defining net obligations / net requirements of clearing participants;

2) need in connection of clearing participants to the system of electronic documents exchange;

3) need in opening bank account (accounts) on KASE by clearing participants of the derivatives market to register their margin and guarantee fees.

In addition, the amendments describe the methodology of valuation of the reserve fund and have editorial and clarification character.

The revised Rules will be available on KASE website at http://www.kase.kz/files/normative_base/clearing_rules_eng.pdf in the near time.