OREANDA-NEWS. As was announced earlier, following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors of November 7, 2014 revised KASE internal document "The Regulations on Membership" (the Regulations) was approved.

The Regulations were agreed upon with the National Bank of Republic of Kazakhstan (National Bank) on December 3, 2014 and are effective as of December 29, 2014.

The regulations were developed on the basis of the existing same-name internal document for purposes of:

 - defining comprehensive requirements for KASE members with regard to information disclosure and maximum alignment of such requirements with information disclosure requirements specified by KASE for listed companies and clearing participants, as well as with information disclosure requirements specified by the authorized body for KASE members;
 - aligning the Regulations' text with the Rules of Certification of Trading System Users and Provision to Them of Access to the Trading System;
 - specifying the procedures of suspension and resumptions of KASE membership;
 - improving the structure of the Regulations and aligning its text with other internal document of KASE and the current practice.

The following main additions were made to the Regulations: - requirements for remote KASE members and candidates for remote members were defined; - the procedure of monitoring the financial position of KASE members was determined

- sanctions applied to KASE members for violating the information disclosure requirements were included;

- requirement for KASE members to regularly provide a questionnaire regarding countering legalization (laundering) of revenues obtained illegally, and countering financing of terrorism;

As of the effective date of the revised Regulations the previous edition of the Regulations and Procedure of Execution of Monitoring of Members of Kazakhstan Stock Exchange JSC shall be considered invalid.

The text of the revised Regulations will be published on KASE website soon.