Amendment to the Regulations on Clearing Members to become effective as of August 6, 2019

06.08.19, 18:56
/KASE, August 6, 2019/ – By the decision of the Board of Directors of the Kazakhstan Stock Exchange (KASE) dated August 6, 2019, amendment No. 3 (amendment) to KASE internal document "Regulations on Clearing Members" (Regulations), which are in effect as of August 6, 2019 was approved. This amendment establishes that the Management Board of KASE may set category "with full coverage" to a clearing member based on the recommendation of the Committee on Foreign Exchange Market. The category "with full coverage" envisages that the clearing member must fully secure its obligations on those financial instruments, where such obligations arise. The updated text of the Regulations will be published on KASE website at https://kase.kz/files/normative_base/clearing_participants_eng.pdf [2019-08-06]