KASE membership Rule was changed

01.11.99 00:00
/IRBIS, Nov.01, 99/ - The Management of the National Securities Comission (NSC) by the decree #462 dated October 26, 1999 has ratified the Rule about membership on KASE in a new edition. According to the new edition of the Rule the members of Exchange should grant the information about their shareholders possessing more, than five percents from the authorized capital, and also to inform the exchange about changes in the number of such shareholders. Besides the members of exchange should provide KASE with the following financial reporting: - The members of "P" categories (right to participation in the trades in non-state securities included in the official list of KASE, and in state blocks of shares of privatizing organizations), "H" (right to participation in trades in non-state securities allowed to the circulation in sector "non- listing securities"), "K" (right to participation in trades in state securities) - balance sheet and income statement by the quarter results; - The members of "B" category (right to trade in all kinds of foreign exchanges through an own correspondent account in the National Bank of Kazakhstan) - monthly balance sheet under the 700H form and calculation of the prudential standards. It is necessary to note, that the last request was de facto entered on KASE for a long time and was executed by the members of Exchange, and only now it has received the official status.