KASE made changes into Regulations on Membership

/KASE, August 29, 08/ - By the decision of Kazakhstan Stock Exchange (KASE) Council of August 28, 2008 were approved changes and additions # 10 into KASE internal document "Regulations on Membership" (Regulations). In compliance with mentioned amendments Regulations were supplemented by two new items 24-2 and 24-3 of the following content: 24-2.The Exchange member is responsible for the deal, concluded by him on the Exchange trades, regardless of the fact by whose order, at whose expense and interests this deal was concluded. 24-3.When participating in the Exchange trades by order and/or at expense and/or in interests of the third person the Exchange member can act only based on the appropriate commission agreement, concluded between this Exchange member and the third person. In case of participation of the Exchange member in its trades other its members under any circumstances consider order for conclusion of deals, submitted by this Exchange member by order and/or at expense and/or in interests of the third person, and deals, concluded by this Exchange member by order and/or at expense and/or in interests of the third person, as submitted (concluded) based on the appropriate commission agreement, concluded between this Exchange member and the third person.". Other changes into Regulations, made by mentioned amendments are of editorial character. Amendments are sent for agreement to the Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations. The revised text of Regulations will be published on KASE website once mentioned amendments are put into effect. [2008-08-29]