KASE Board of Directors approves new internal document "Rules of settlement of issues at technical faults in the operation of the Exchange's software and hardware package"

07.10.19, 12:46
/KASE, October 7, 2019/ – Following a decision of the Board of Directors of Kazakhstan Stock Exchange (KASE) dated October 4, 2019 a new internal document of KASE "Rules of settlement of issues at technical faults in the operation of the Exchange's software and hardware package" (the Rules) was approved. The Rules' effective date will be announced later. The Rules were developed due to the proposed introduction of the trading and clearing system ASTS+, execution by KASE of clearing operations and money settlements of deals with the central counteragent on the stock market. The Rules define types of technical faults, actions undertaken by KASE to settle them, procedures of input/removal of quotations (orders) at technical faults, as well as KASE's responsibility towards trading participants. From the effective date of the Rules, the Rules of settlement of issues at technical faults in the operation of the Exchange's trading system shall be considered invalid. The Rules will be released soon on KASE website. [2019-10-07]