OREANDA-NEWS. As was announced earlier, following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors of May 19, 2015 KASE internal document "Regulations on clearing participants" (Regulations) was approved.

The said document was agreed upon with the National Bank of Republic of Kazakhstan on May 8, 2015 and made effective as of June 9, 2015 except for sub-item 2) of item 2 of article 7 of the Regulations in terms of the obligation of clearing participants of the stock market on making guaranty contributions.

Following a decision of KASE Board of Directors of November 12, 2015 norms of the Regulations in terms of the obligation of clearing participants of the stock market on making margin and guaranty contributions, on payment of penalties and fines are effective as of November 13, 2015.

The Regulations are available on KASE website at http://www.kase.kz/files/normative_base/clearing_participants_eng.pdf

KASE news item of June 10, 2015 "As of June 9 Rules of executing clearing activities on transactions in financial instruments and Regulations on clearing participants are effective" is posted at http://www.kase.kz/en/news/show/1258686