/REPEAT/ Amendments to Regulations of Trades and the Confirmation System Operation to come into effect as of July 1, 2019

01.07.19, 11:06
/KASE, July 1, 2019, June 28, 2019 news repeat/ – By the decision of the Management Board of the Kazakhstan Stock Exchange (KASE) dated June 26, 2019, changes and amendments No. 3 (amendments) to the KASE internal document Regulations of Trades and the Confirmation System Operation (Regulations), which will become effective on July 1, 2019, have been approved. These amendments stipulate the following: - conducting trades on FX market based on the single continuous trading session from 10:15 am to 5:00 pm Nur-Sultan time; - opening a Frankfurt auction when trading in USDKZT_TOM instrument is conducted if the price of the proposed transaction differs from the price of the last transaction of the previous trading day for this instrument or from the price of the last transaction made using Frankfurt trading method during current trading day by 1.5% or more; - the transfer of trading in debt securities with face value indexed to devaluation /revaluation to trading in "dirty" prices (including interest accrued). Also, the amendments provide for the cases when no trading in US dollar-denominated securities is conducted when transactions with these securities are settled in this currency. The revised text of the Regulations will be released on KASE website at http://kase.kz/files/normative_base/reglament_trade.pdf [2019-07-01]