KASE's Board of Directors approves amendments to Regulations on Clearing Members

18.09.19 12:56
/KASE, September 18, 2019/ – By the decision of the Board of Directors of Kazakhstan Stock Exchange (KASE) of September 16, 2019, amendments and additions No. 4 (amendments) to the KASE internal document "Regulations on Clearing Members" (Regulations) were approved. These amendments were made for the purposes of: - determining the amount of guarantee fund contributions on the stock market; - determining requirements to clearing members of the stock market falling into category "with partial collateral"; - setting up a category "with full coverage" for clearing members, who do not meet the requirements for clearing members of the stock market that fall into category "with partial collateral"; - determining the terms under which the clearing member of the stock market may be transferred to category "with full coverage" without applying open position limits and an individual rate of an initial margin; - introducing the concept of "an authorized participant of trade", a trading participant who makes deals in the interest of its client’s custodian. The updated text of the Regulations will be published on KASE website at – http://kase.kz/ru/kase_rules/ [2019-09-18]