From July 5 new changes into internal document of KASE comes into force

/IRBIS, July 6, 00/ - By the decision #63/0 of the Board of Kazakhstan stock exchange (KASE), dated July 5, 2000, the changes and amendments made into the internal normative documents of the Exchange "The Exchange members general meeting regulations" and "Membership and commission fees of the Exchange" went into effect from July 5, 2000. The changes were approved by the decision of the meeting of KASE members holding "K","P","H" categories, dated June 27, 2000. The following are the most principal changes made into the normative documents. It is said in "The Exchange members general meeting regulations" that the decision on considering a matter within the section of the General meeting of the Exchange members is to be made by the Board of KASE. The item regarding the matters, that were put into discussion at the Meeting of "H" section members, are to be considered at the meetings of the Board and the Association of the brokers and dealers of the Kazakhstani stock market. Besides, it is specified that repeated meeting of KASE members or that of its sections, which is to be held instead of previous unsuccessful one, is valid irrespective of the number of participants. It is said in "Membership and commission fees of the Exchange" that the commission on the deals made in state securities in the Sector of small lots (SSL) is set at 0.005% of the deal amount. The commission is collected both from the buyer and the seller. The commission is not collected from the deals made out of SSL. The commission is not collected from the market-makers of the securities that work in the SSL. "Membership and commission fees of the Exchange" was approved by the resolution #631 of the Directorate of the National securities commission of Kazakhstan on June 29, 2000.