KASE Board of Directors approves amendments to internal documents of Exchange
OREANDA-NEWS. Following a decision of Kazakhstan Stock Exchange (KASE) Board of Directors of November 12, 2015 the following amendments to KASE internal documents were approved:
- amendment and addition No. 3 to "Procedure of execution of deals in stock market according to scheme T+2";
- addition and amendments No. 1 to "Rules of executing clearing activities on transactions in financial instruments";
- addition and amendments No. 1 to "Regulations on clearing participants."
The above amendments entered into force on November 13, 2015.
The documents were amended in order to:
1. bring Rules of executing clearing activities on transactions in financial instruments in accordance with the Rules of foreign exchange trading settlements to enable the National Bank of the Republic of Kazakhstan (National Bank) to use separate accounts to settle with KASE on foreign exchange transactions concluded by it by virtue of assets held by it in trust management;
2. release the National Bank the Republic of Kazakhstan as a body exercising the state regulation of the securities market from payment of fees and margin when concluding transactions in the trading system of KASE.
The updated texts of these documents will be published on KASE website soon.
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