KASE Board of Directors approved changes to Methodology of Securities Valuation and Rules of Market Makers Activities

28.10.11 17:12
/KASE, October 28, 11/ - Kazakhstan Stock Exchange (KASE) Board of Directors by its decision of October 27, 2011 approved change # 1 to KASE internal document "Methodology of Securities Valuation" and changes # 3 to KASE internal document "Rules of Market Makers Activities". The amendments will be submitted to the Committee on Regulation and Supervision of Financial Market and Financial Organizations of the National Bank of the Republic of Kazakhstan (FSC NBK) for approval and will be given effect after their approval with the authorized agency. According to the amendments the following changes have been made to the mentioned documents: - were changed names of lists of liquid and illiquid securities due to the upcoming changes to KASE internal document "Methodology of Securities Liquidity Indicators Defining", according to which liquid securities (as previously defined) will relate to the list of the first class liquidity securities; securities with the average and low liquidity rate will relate to the second class of liquidity; securities in which opened trades, but no deals were made will relate to the third class of liquidity; - the Risk Committee name was changed to "the Committee on Indices and Securities Valuation" in compliance with the KASE Management Board decision of June 10, 2011 on making changes to Regulations on Risk Committee. The revised texts of Methodology of Securities Valuation and Rules of Market Makers Activities will be available on KASE website at after approval of changes with FSC NBK. [2011-10-28]