Amendments to the Rules of Conducting Banking Transactions are introduced as of May 17

17.05.18 12:24
/KASE, May 17, 2018/ – By the decision of the Board of Directors of Kazakhstan Stock Exchange (KASE or Exchange) dated May 16, 2018 amendments and additions No. 1 (amendments) to the KASE internal document "Rules for Conducting Banking Transaction" (the Rules), which will become effective on May 17, 2018, have been approved. The amendments to the text were made to update the Rules and bring them into compliance with the requirements of the Rules for Opening, Maintaining and Closing Bank Accounts of Clients approved by the Board of the National Bank of the Republic of Kazakhstan No. 207 dated August 31, 2016. The amendments provide for: 1) the reduction in the number of documents required from clients to open a bank account; 2) dropping the requirement to provide KASE client's questionnaire on combating legalization (laundering) of illegally gained income and financing of terrorism. Besides, the Rules were proofread. Revised text of the Rules is published on KASE' website – https://kase.kz/files/normative_base/banking_operation_rules.pdf [2018-05-17]