The amendments to the securities trade rules at KASE come into effect since July 1

/IRBIS, June 15, 00/ - By the resolution of the Executive Board of KASE (#54/0, June 15, 2000), the amendments to internal normative documents of the exchange on securities trade rules will come into effect from July 1. As it had been informed before, these amendments are approved by "The exchange trade rules approval" resolution of the Board of Directors of NSC from June 8, #621 and are confirmed by the decision of the general meeting of KASE members holding "K", "P", "H" categories at May 18. The most fundamental changes in normative documents are presented below: "Repo settlement rules": The fine for non-fulfillment of obligations on repo opening is lowered from 0.2 to 0.1%. "Rules on responsibility for violation of settlement terms": Penalty fine for non-fulfillment of obligations on signed deals decreased from 0.2 to 0.1% of per each day of default. "Specification of the market-maker status for members of KASE, category K": The article, prohibiting removal of the obligatory quotation that leads to price deterioration of the latest as long as the deal will be made within the best obligation of the market maker quotation at the minimal volume, is excluded.