/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]